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Acusensus Limited (ASX:ACE)

ALERT: Price-sensitive ASX Announcement for ACE
Current share price for ACE : $1.080 -0.525 (-32.71%)+
Announcement
Release
6 Feb 2026 9:11AM
Price at Release
$1.605
Full Release
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Summary
Acusensus Limited has reached a significant settlement with Redflex Traffic Systems Pty Ltd, resolving legal disputes initiated by Redflex in June 2025. The settlement, valued at AU$16 million, includes a cash payment and new shares to VM Consolidated, a subsidiary of Verra Mobility, Redflex's parent company. Importantly, Acusensus will continue to own its patents while providing Redflex with a global non-exclusive license. The agreement ensures that both parties release each other from further claims, allowing Acusensus to continue its operations and focus on growth without ongoing litigation concerns.
Key Points
  • Acusensus Limited reached a settlement with Redflex Traffic Systems Pty Ltd.
  • The settlement involves dismissing proceedings with no order as to costs.
  • Acusensus will provide a settlement package valued at AU$16 million.
  • The package includes AU$6 million in cash and 6,136,475 new shares.
  • Acusensus retains the rights to its existing patent portfolio.
  • A global non-exclusive license of relevant patents will be provided to Redflex.
  • Both parties released each other from all claims related to the dispute.
  • Redflex and affiliates will not challenge the validity of Acusensus’ patents.
  • The settlement allows Acusensus to focus on business growth without legal distractions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.