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ICE - iCetana Limited

Discussion in 'Stocks I-P' started by System, Dec 17, 2019.

  1. System

    System Administrator

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    iCetana was formed in 2009 to commercialise technology developed by researchers in the School of Electrical Engineering, Computing and Mathematical Sciences at Curtin University. The research and technology allows for the efficient analysis of very large data sets to identify anomalous activity and events outside normal patterns.

    iCetana has successfully commercialised the technology by developing Artificial Intelligence (AI) assisted video surveillance software using machine learning techniques to provide automated real time anomalous event detection (iCetana Solution) for use cases including security, loss prevention, theft and health and safety. The iCetana Solution integrates with existing video surveillance systems or can be deployed to directly interface with surveillance camera feeds. The software 'learns' activity patterns (not object or facial recognition) for fixed-field-of-view cameras and creates a model of 'normal' movement patterns and activity. After the learning phase, the software then reports anomalous or unusual movement patterns and activity in real-time, through a user interface that highlights those anomalous events and activity. Security operators, typically based in operations centres, can review the unusual events or activity and determine appropriate responses.

    The Company has commercialised the iCetana Solution and as at the Prospectus Date has over 20 Active Customers with operations in over 35 locations supporting in excess of 10,000 video surveillance cameras globally.

    It is anticipated that ICE will list on the ASX during December 2019.

    https://icetana.com/
     
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  2. frugal.rock

    frugal.rock

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    Wow, I can envision that this one will be a disruptor.
    I had a similar idea but it was based on facial recognition and databases which in this age, is still seen as a privacy issue.
    The retail sector will love this tech, "shrinkage" is a growing concern that police can't keep up with. Crime statistics prove it.
    Rock on.
    F.Rock
     
  3. frugal.rock

    frugal.rock

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    Not sure when this one is starting now.
    Prospectus had yesterday's date, maybe tomorrow or Monday?
    Note, prospectus was $0.20
    Will be interesting to watch it kick off.
    FRock
     
  4. Dona Ferentes

    Dona Ferentes

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    listed late Dec; still sub 20c as some seed money took chance to monetise?
     
  5. frugal.rock

    frugal.rock

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    You posted 20 minutes too early!
    Up to 0.205, retraced, closed on high 0.205 again. Up 7.9% on a day when the market was ducking for cover in gold... again.
    F.Rock
     
  6. Dona Ferentes

    Dona Ferentes

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    crystal ball now at Vinnies !! Maybe it will work for someone.
    (a better theory than someone taking my post as a BUY signal)

    An interesting concept, though. I wonder how many shoplifters will change their behaviour?
     
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  7. Dona Ferentes

    Dona Ferentes

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    and close near high for day; 24c
     
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  8. frugal.rock

    frugal.rock

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    You just reminded me, I bought in today at 0.235...speccie amount.
    F.Rock
     
  9. frugal.rock

    frugal.rock

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    Out today after nice jump.
    Closed 0.265 but touched 0.29 today. Sounds really bad to say made 11% profit from an ICE trade...
    Buying up started today, not sure what the excitement is about yet?
    Also, I don't think the buying is over yet?
    F.Rock
     
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  10. verce

    verce

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    iCetana

    Cap ~$38m
    SOI 137m
    Cash ~$5m

    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.
     
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  11. verce

    verce

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    *High proportion of ownership by management. Top 20 own ~80% of the stock, Top 3 own ~60% - well aligned with shareholders

    *Global, scalable and proven technology with years of R&D - patents included!

    *Transitioning to a recurring revenue 'SaaS' scheme, no hardware costs. Complements existing infrastructure.

    *Tier 1 blue chip partners already - 38 customers sites across North America, Australia, the Middle East, London and Japan.
     
  12. verce

    verce

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    Without iCetana your operator can only monitor a maximum of approximately 16 camera feeds at any given time.

    With iCetana your operator now has the ability to monitor approximately 600 cameras. That’s a 3750% rise in monitoring capability, improving operator engagement and efficiency.

    This means that a pair of operators with two workstations have been able to do the job previously requiring a room full of personnel and computers, thereby dramatically improving control room efficiency.

    ♦ Operator fatigue is a real issue - studies show that most operators miss a large proportion of interesting activity if they are watching a camera for more than 20 minutes. There is also a massive data overload - 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.

    ♦ Traditional video analytics are not very scalable. You need something that is simple to integrate, and provides real-time alerts. ICE co-exists with existing solutions to improve productivity.

    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 an unfortunate accident. The potential applications are very diverse.

    20A7276D-933A-4472-B310-58123A7E5D2E.png

    A6912E26-5961-4933-AB3E-1CA50F401B0D.png
    https://en.wikipedia.org/wiki/Svetha_Venkatesh

    Venkatesh has developed new technologies in large-scale pattern recognition in big data.[4]

    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;[4] the development of a health analytics program which enables doctors to predict suicide risk;[5] and PRaDA's development of the Toby Playpad app which provides therapy for children with autism.[6][7]

    Her work on using surveillance data led to the development of a "virtual observer" which was used after the 2005 London bombings.[8]
     
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  13. verce

    verce

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  14. Dona Ferentes

    Dona Ferentes

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    There's only 'alignment' when they don't take the liquidity offered by the listing event as an opportunity to monetise their holdings.
     
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  15. verce

    verce

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    That's a good point. But 70% is under voluntary escrow above and beyond the normal ASX requirements.

    voluntary_escrow.png
     
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  16. frugal.rock

    frugal.rock

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    SP has been on ice for a while...
    A hunch has it about to pop again.
    Speculation, heresay and innuendo.
    Why would a AI security monitoring company do well?
    Unless it's crap software, it will get "found" soon enough.
    Potentially huge future.
     
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  17. Dona Ferentes

    Dona Ferentes

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    Yeah, never really had any rebound after Covid selldown in late Feb to mid March.

    With Covid masks becoming more and more common, and brutalist in their appearance, there may be a glimmer of hope and usefulness, as software 'learns' activity patterns (not object or facial recognition)
     
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