From continuous disclosure perspective, they have disclosed it already as below under the smart cities section.
https://www.sensennetworks.com/wp-content/uploads/2020/07/2085014.pdf
Its the last bullet point under the smart cities section.
- SenSen was to participate in a paid Driver Distraction Trial in February 2020 after successfully completing the development of technology that combines high-resolution, high-sensitivity machine vision cameras with SenSen’s novel deep AI technology, and following participation in a rigorous Request for Information (RFI) process. Due to COVID-19 related restrictions, the Trial will now likely commence this quarter.
I think ASX regulators have gone hard on companies using its platform to hype up Trials and that may have been playing on the minds of the management.
I remember a brief chat I had with Subhash in a post presentation catchup in one of his investor update sessions organised by BW (in the pre-covid world), he mentioned that this is a long play for him and he wants to change the stock from being treated as speculative stock to a dependable growth stock and deliver strong growth using the principle of "Under promise and over-deliver". May be that is playing out in the way the management is handling announcements.
However, I agree with the general observation that they can do better in their communication with the investor community.
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