Market Cap ~$12m AUD
Shares on Issue - ~137m
Summary - Globally patented software which utilises artificial intelligence and machine learning to turn traditional security infrastructure into real-time detection systems that pick up anomalous and undesirable events.
ICE's patented software is a spin-out from Curtin University and learns from existing footage of cameras and reports anomalous activity in real-time. e.g. people sprinting across the street, people partaking in graffiti, fires breaking out at 2:30am being detected or even people falling down stairs in accidents. The potential applications are very diverse.
Far more cameras exist out there in the world than we have people able to look at them. How do you solve this?
You need something to filter out the noise. You need something that is simple to integrate, and provides real-time alerts. ICE co-exists with existing solutions.
https://en.wikipedia.org/wiki/Svetha_Venkatesh
Svetha Venkatesh is one of the top 15 women in the world in Artificial Intelligence.[1]
Venkatesh has developed new technologies in large-scale pattern recognition in big data.[6] Her work has led to start-ups such as iCetana which finds anomalies through video analytics to detect potential security threats in large data sets;[6] Her work on using surveillance data led to the development of a "virtual observer" which was used after the 2005 London bombings.[10]
Svetha Venkatesh is also the sixth largest holder of shares in this company (and the Top 20 own 80% of the stock!)
https://www.deakin.edu.au/research/...s/the-future-of-ai-professor-svetha-venkatesh
The technology is legit. And there is a new version coming this year (2021) based on NVIDIA deep stream - a slide from the recent investor presentation.
Current annualised recurring revenue is promising for the current market cap of 12m.
Just my $0.02 - welcome any feedback or comments. Risk versus reward ratio is very favourable at these current levels.
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