Ava Risk Group Limited (ASX: AVA) (“Ava Risk Group” or “the Company”) is pleased to advise that it has signed a five-year support agreement with Sydney Trains valued at approximately A$0.5 million.
Ava Risk Group’s perimeter intrusion detection technology has been protecting Sydney Trains’ maintenance centres and stabling yards against unauthorised intrusions, theft and vandalism for more than a decade. These sites not only provide vital storage for critical maintenance equipment, but house much of the city’s rolling stock including the inter-urban train fleet.
This agreement is a further example of the Company growing its recurring revenue base via long term relationships with key customers.
Ava Risk Group CEO, Mal Maginnis commented: “We are pleased to extend our relationship with Sydney Trains with this new support agreement. The long term relationships we enjoy with many of our customers are a testament to our market leading solutions and our support team who optimise system performance day in, day out. Agreements of this type are designed to meet the unique needs of each customer and provide assurance that their facilities and infrastructure are protected to the highest level of operational effectiveness.”
Approved for release by the Board of Directors.
For further information, please contact:
Investor Enquiries
Alexandra Abeyratne
Citadel-MAGNUS
aabeyratne@citadelmagnus.com
+61 438 380 057
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 – Detect, Access and Illuminate. The Detect segment 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. Access is a specialist in the development, manufacture and supply of high security biometric readers, security access control and electronic locking products. Illumination specialises in the development and manufacture of illuminators, ANPR cameras and perimeter detectors. 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