Ava Risk Group Limited (ASX: AVA) (“Ava Risk Group” or “the Company”) is pleased to advise it has secured an additional contract for the supply and installation of a Fibre Optic Intrusion Detection System at a major North American energy facility. The order is for approximately US$0.4 million (A$0.6 million) and the supply of material is expected to be fulfilled in the first half of the current financial year.
This is the third critical asset at the same energy facility where Ava’s advanced sensing solution is being deployed, replacing a competitor’s technology. It builds on the successful installation of previous systems announced on 6 June 2022 and 16 August 2022, taking the total contract value to US$1.4 million to date. Further systems are also expected to be awarded as part of an ongoing upgrade program at the site.
Commenting on the contract, Ava Risk Group CEO, Rob Broomfield, said “It is pleasing to build momentum in the North American energy sector following our significant business development investment and given that we identified this as a key growth market. The fact that our sensing technology is replacing a competitor’s existing technology as part of an upgrade program demonstrates the strength of our sensing solutions in protecting critical infrastructure assets.”
Approved for release by the Board of Directors.
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About Ava Risk Group
Ava Risk Group is a global leader in providing technologies and services to protect critical and high value assets and infrastructure. It operates three business segments – Future Fibre Technology (FFT), BQT Solutions (BQT) and GJD Manufacturing (GJD). FFT manufactures and markets ‘smart’ fibre optic sensing systems for security and condition monitoring for a range of applications including perimeters, pipelines, conveyors, power cables and data networks. BQT is a specialist in the development, manufacture and supply of high security biometric readers, security access control and electronic locking products. GJD is a specialist in the development and manufacture of perimeter detectors, illuminators, and ANPR cameras. Ava Risk Group products and services are trusted by some of the most security conscious commercial, industrial, military and government clients in the world. www.avariskgroup.com