Welcome to the latest investor update from Ava Risk Group. This update should be viewed in conjunction with any announcements lodged via the ASX platform, which are the primary source of market-sensitive company information released to the market.
ISC West 2024
The Ava team descended on Las Vegas last month for the International Security Conference and Exposition – better known as ISC West. Considered the leading comprehensive and converged security trade event in the US, a combined team from our Detect, Access and Illuminate divisions (FFT, BQT and GJD) took the opportunity to network with thousands of security and public safety professionals while connecting with current and potential customers.
Interest in our solutions kept our experts busy throughout the show, with live demonstrations and in-depth discussions about how Ava Group’s cutting-edge technology can be used to enhance site and asset security. The Access team also spent time with our global distribution partner dormakaba USA – supporting discussions and demonstrations with visitors to their stand about the YG80B and YD30 Cobalt locks.
Highlights from the event include:
- Detect Business: Aura Ai-XS – Ava Group’s new intrusion detection solution for short perimeters was officially unveiled at ISC West and showcased using live demos of our solution as well as our world leading software and deep learning algorithms. Aura Ai-X was also of great interest to stand visitors, with the team connecting with system integrators, installers and potential end-users.
- Access Business: Showcasing the new YG80B lock to the US market for the first time was a key focus, while our locking experts were busy talking with potential customers about the Cobalt YD30 series and why it’s taking the Access control realm by storm as the perfect replacement for Mag Locks.
- Illuminate Business: LX LoRa Connect was of particular interest with live product demonstrations showcasing the capabilities of GJD products.
Feedback from the ground was universally positive, with strong interest also reported in our integrated offerings for the corrections, defence, energy and oil and gas sectors.
Detect Business launches Aura Ai-XS
FFT introduced its latest innovation in intrusion detection technology at ISC West 2024: Aura Ai-XS. This ground-breaking solution is specifically designed to safeguard perimeters spanning up to 10 kilometres (6 miles) – 5 kilometres.
“Aura Ai-XS was designed and manufactured specifically for customers with smaller facilities in mind. While it offers all the cutting-edge capabilities of our leading Ai-X deep learning system, Ai-XS is tailored to provide unrivalled protection for shorter perimeters at a lower price point.”
Jim Katsifolis – Chief Scientist, Future Fibre Technologies
Offering unrivalled reliability, precision and integration capabilities for sites including substations, industrial estates and corrections facilities, Aura Ai-XS doesn’t compromise on simplicity or functionality while opening up new markets for our intrusion detection technology.
Find out more about Aura Ai-XS – https://www.fftsecurity.com/products/fft-aura-ai-xs/
The Security Event 2024
Following ISC West, the Ava team headed across the Atlantic for The Security Event (TSE) in Birmingham UK. Designed by the industry for the industry, TSE is a hub for security manufacturers, distributors, installers, integrators, consultants and end users.
Over a full three days, the team showcased the Aura Ai-X and Aura Ai-XS (Detect), the Cobalt YD30 locking series (Access) and the LoRa Connect wireless system (Illuminate) and networked with a focused audience of buyers.
The Access Business also used TSE as a platform to unveil the new YD80B – a revolutionary Bluetooth-enabled lock crafted to provide unmatched security and convenience.
Find out more about the YG80B here.
Successful Capital Raising and Oversubscribed SPP
n March, Ava successfully completed a $3 million institutional placement to support the execution of recently announced contract wins, such as with Telstra and UGL. This includes the sale of units, dedicated support resources and infrastructure to respond in accordance with contract requirements and ongoing product development.
These funds give Ava the flexibility to support the growing demand we are seeing for our unique fibre sensing technology across multiple industries and to fund large scale Detect programs.
We were pleased to receive continued support from existing investors but also welcome some new investors to the register.
Ava also offered existing retail shareholders the opportunity to participate in a Share Purchase Plan, receiving strong support with the number of applications greater than the offer target, and successfully raising $1.34 million.
Thank you for your support and interest in Ava’s expanding products and technical capabilities.
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ABOUT AVA GROUP
The Ava Group is a market leader of risk management technologies, trusted by some of the most security conscious commercial, industrial, military and government clients in the world.
The Group features a range of complementary solutions including intrusion detection and location for perimeters, pipelines and data networks, biometrics, card access control and locking. Through decades of innovation, the Ava Group continues to build upon a comprehensive portfolio of premium technologies for the most complex and demanding markets.
Our business truly serves a global market, with our knowledgeable team spread across six continents, providing market and industry expertise directly to customers. With thousands of sites protected, the Ava Group is proven to deliver first class technologies that surpass the expectations of our partners and end users.
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