icetana AI has signed a five-year, $675,480 plus GST Antara Core contract with Millennium Services Group for deployment to one of Australia’s largest retail property groups. The deal is the third Antara Core sale in three months and is expected to add $135,096 to annual recurring revenue from 1 November 2026.
- $675,480 plus GST contract over 60 months
- Expected $135,096 annual recurring revenue contribution
- Third Antara Core sale in three months
- Deployment through Millennium and SoftBank Robotics channel
- Renewal revenue beyond five years is not guaranteed
Third Antara Core Sale Adds Recurring Revenue
icetana Limited (ASX:ICE), trading as icetana AI, has secured its third commercial sale of Antara Core in three months, with a $675,480 plus GST contract expected to contribute $135,096 to annual recurring revenue. The 60-month agreement is with existing customer Millennium Services Group and covers deployment to one of Australia’s largest retail property groups.
The announcement’s headline rounds the contract value to $675,000, while the detailed commercial terms state $675,480 plus GST. Licensing is due to begin on 1 November 2026, with payments made annually in advance and the first payment due 30 days after invoicing.
On-Premise AI Targets Sensitive Video Data
Antara Core runs generative AI on a customer’s own infrastructure rather than sending video and operational data to a cloud service. That gives enterprise customers a privacy-controlled alternative for surveillance environments where data handling is a material consideration, while extending icetana’s existing self-learning security platform.
The software can detect hazards such as spills and trip risks, as well as aggression and weapons. Millennium’s frontline operations teams helped shape the hazard-detection capability, drawing on incidents encountered across major Australian venues.
Millennium and SoftBank Expand Distribution Reach
Millennium is acting as a channel partner alongside SoftBank Robotics, which holds a controlling stake in the integrated property services provider and is also icetana AI’s strategic partner and significant shareholder. The arrangement gives icetana access to Millennium’s footprint across major venues and facilities, including enterprise customers beyond the company’s direct sales reach.
The retail property group has not been named. icetana said the national network of premium shopping destinations could provide an expansion pipeline if the initial deployment proves successful, but that possibility remains contingent on the outcome of the first rollout.
Five-Year Value Has a Defined Ceiling
The contract provides a clear initial revenue contribution, but its economics should not be read as an open-ended commitment. icetana explicitly cautioned that revenue beyond the initial 60-month term depends on renewal, and no additional revenue under the arrangement is guaranteed. The immediate test is therefore whether licensing starts as scheduled and whether the deployment leads to further sites or customer expansion.
Bottom Line?
The contract strengthens icetana AI’s recurring revenue base, but the next evidence of momentum will be further Millennium-led deployments and expansion beyond the unnamed retail property group.
Questions in the middle?
- Will the initial retail property deployment expand across the customer’s national network?
- How quickly can Millennium convert its venue footprint into additional Antara Core contracts?
- Will the five-year agreement be renewed or expanded when its initial term ends?