icetana AI Lands $617,000 Antara Core Sales with SoftBank-Backed Millennium

First Antara Core Sales Mark Commercial Launch

icetana AI (ASX:ICE) has secured its inaugural commercial orders for Antara Core, its new on-premise AI software designed for large-scale surveillance networks. The two contracts, valued at $617,000 over five years, come from Millennium Services Group, a major security and cleaning operator servicing over 100 shopping centres across Australia and New Zealand.

The prepaid software-as-a-service agreements cover two large retail shopping centres: a 107,000-square-metre Queensland mall with 345 shops, and one of the largest malls in the southern hemisphere located in New South Wales. Licensing begins mid-2026, with payment due within 30 days of invoicing.

On-Premise AI Targets Privacy-Conscious Enterprises

Antara Core extends icetana AI’s existing self-learning security platform by embedding generative AI capabilities that operate entirely on-premise. This architecture offers a privacy-controlled alternative to cloud-based AI services like OpenAI, appealing to enterprise customers wary of external data dependencies.

icetana estimates the deployment will save Millennium up to $4 million annually in AI costs, highlighting the potential for significant operational efficiencies. The Queensland site had previously purchased icetana AI’s software in a $376,000 deal announced in October 2025, indicating growing trust in the technology.

Floor Hazard Detection Debuts in Commercial Deployment

Alongside Antara Core, these contracts represent the first commercial rollout of icetana AI’s floor hazard and slip-and-fall detection solution. Designed to reduce incidents and liabilities in high-traffic retail environments, this tool aims to lower insurance premiums and improve safety outcomes for shopping centre operators.

Millennium’s controlling shareholder, SoftBank Robotics, is a strategic partner and significant investor in icetana AI, underscoring the close collaboration between the companies in advancing AI security technologies.

Financial Impact and Recurring Revenue Growth

The combined contracts add approximately $123,000 to icetana AI’s annual recurring revenue (ARR), contributing to its steady ARR growth trajectory. However, ongoing revenue beyond the initial prepaid five-year term depends on customer renewals, introducing some uncertainty about long-term income streams.

These deals come amid icetana AI’s broader efforts to expand its footprint in privacy-sensitive markets, complementing recent contract wins and strategic partnerships that have bolstered its ARR and global reach.

CEO Highlights Market Gap and Partnership Strength

CEO Kevin Brown emphasised that Antara Core fills a genuine market gap by delivering powerful AI capabilities within customers’ own infrastructure, eliminating reliance on external cloud services. He also highlighted the strength of the partnership with SoftBank Robotics and Millennium, signalling potential for further deployments across their extensive portfolio of sites.