icetana Limited announced new purchase orders for US correctional services locations secured through hardware vendor Rasilient Systems Inc. (Rasilient), to supply icetana's video analytics solution to two prisons (additional to the six prisons announced in September and October 2020). The orders have a combined value of USD 56,250 (AUD 87,800), inclusive of five years of support and maintenance. This deployment represents a subset of the total camera footprint of each prison being licensed.

Implementation will be undertaken by Rasilient technicians leveraging Rasilient hardware supplied and installed on site and working with a local security integrator. Material terms of commercial arrangements: The contractual arrangement disclosed in this announcement is between icetana and Rasilient, rather than the end-user. The icetana end-users mentioned in this announcement are subject to the End User Licence Agreement as published on the icetana website.

The payment terms from Rasilient to icetana for these orders are 60 day following deployment of the licensed product at the end customer. The orders include a five year term of software support and maintenance. Ongoing support and maintenance beyond the initial five years will be subject to a customer renewal.

It is therefore possible that no material revenue over and above the initial order values materialises from Rasilient pursuant to this commercial arrangement going forward.