icetana Limited (ASX:ICE) has signed a non-binding Memorandum of Understanding with Threat Protect Australia Ltd.
Threat Protect is a leading security company monitoring thousands of customer surveillance cameras across Australia.
The parties have agreed to pursue a Proof-of-concept at an agreed location where Threat Protect provides active monitoring services.
In addition, the parties will collaborate on developing enhancements to icetana’s motion intelligence software, specifically for active monitoring solutions.
The agreement forms part of icetana’s strategy of specifically targeting the guarding services market, with strong alignment between the icetana solution and the need for guarding services to identify events more effectively and more efficiently.
Anecdotal feedback from existing icetana clients in the Middle East and Japan indicates that deploying icetana software leads to reduced requirements for guards, with a net A$35,000 annual saving for every 100 cameras connected. icetana believes video cameras are the “new frontier” for remote monitoring operations.
For Threat Protect there is a strong focus on developing technology to enhance their offering and provide efficiency gains. Artificial technology approaches to surveillance operations sits firmly within that area of focus.
It is always a pleasure to see icetana’s Australian built technology being used by an Australian business leader in their field. This collaboration will drive our continued focus on developing solutions for guarding services clients globally and we are excited by the prospect of working closely with Threat Protect,” icetana CE), Matt Macfarlane, said.
