Australian artificial intelligence (AI) provider SenSen Networks has been awarded a US$1.5m tender with the city of Las Vegas to provide a range of intelligent transportation and smart city services.
 
SenSen’s technology will be used to help Las Vegas keep roads safe and congestion free by automating the enforcement of hundreds of bylaws associated with regulating traffic and parking on city streets.
 
The initial deal, which will be rolled out later this year, will see the introduction and management of two SenForce mobile parking enforcement units and 80 of its Gemineye mobile units. The portable nature of the Gemineye means units can be deployed across enforcement vehicles and car parks, as well as segways, Go4 scooters and city officers.
 
“SenSen is extremely proud to be working with the city of Las Vegas, said SenSen CEO Subhash Chall. “Las Vegas is a flagship US city and SenSen is excited to be providing its world-leading AI and video analytics expertise in improving the amenity of the city’s citizens by helping reduce traffic congestion and efficiently manage its parking. This is a major milestone for our business in the USA. We expect operations will continue to grow as more and more forward-thinking cities seek smart city intelligent transportation.”
 
The contract marks the first commercial rollout of SenSen technology with a flagship US city, while the 80 Gemineye units to be deployed as part of the contract is the largest commercial implementation with a single SenSen customer to date. Las Vegas is on track to become a smart city by 2025 with SenSen assisting with its intelligent transportation systems and smart technology.
 
Las Vegas is an internationally renowned resort and entertainment city, with over 42 million visitors annually. It is the most populous city in Nevada and serves as the financial, commercial and cultural centre for the state. The city has a population of more than 650,000 residents while the larger Las Vegas metropolitan area has a population of more than two million.
 
The Las Vegas contract builds on SenSen’s expanding footprint in the USA, following the on-going collaborative services agreement with Chicago Parking Meters to improve parking space management efficiency in Chicago.
 
There are no material conditions that need to be satisfied prior to the commencement of the contract and SenSen will earn a total of $1,584,500 over the five-year term of the contract, including: $397,600 for the systems, software and commissioning of the units, which will be paid in a milestone delivery-based schedule from May to August 2020; and $237,380 annually in recurring revenues and fees for the software licence, hardware maintenance and support services under the five-year term of the contract.
 
This software as a service (SaaS) revenue will be paid in equal monthly instalments of $19,781 over five years (60 payments).