All posts in ASX Announcement

Ava Risk Group Limited (ASX: AVA) (Ava Group or Company) advises of a correction to today’s earlier announcement titled “FY2019 Guidance & FY2020 Outlook”. 

The release stated in the final bullet point on page 1 that “The Ava Group expects record revenues of $9.0m-$12.0m during Q1 FY2019…” This should have read “The Ava Group expects record revenues of $9.0m-$12.0m during Q1 FY2020…”.

The company apologies for the error.

About the Ava Group 

The Ava Group, comprising world leading technology divisions Future Fibre Technologies (FFT) and BQT Solutions (BQT) is a market leader in the provision of risk management services and 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 for perimeters, pipelines and data networks, biometric and card access control as well as the secure international logistics and storage of high value assets. Through decades of innovation, the Ava Group continues to build upon a comprehensive portfolio of premium services and 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 services and technologies that surpass the expectations of our partners and end users. 

• New contract for FFT’s Aura Ai-2 to protect critical pipeline infrastructure in India
• Maintenance support contracts signed with two long-term FFT customers
• Support services and parts for FFT Secure Fence and FFT Secure Pipe deployments

AVA Risk Group Limited (ASX: AVA) is pleased to announce that its latest generation Aura Ai-2 technology has been selected to protect critical pipeline infrastructure in India.

The rollout, for a leading Indian Oil & Gas supplier, will be deployed on a buried pipeline with the implementation of Aura Ai’s  advanced detection capability expected to commence in Q1FY2020 and be completed by Q3 FY2020.

This new contact within the large Oil & Gas market segment follows the 25 June 2019 announcement of Aura Ai-2 being selected to protect the extended perimeter of a petrochemical facility located in the US Gulf Coast region and confirms the wide application of FFT’s technology across critical security functions in this important sector.

As part of its global push to increase its recurring revenue, AVA is pleased to announce that it has secured maintenance support contracts with two of its existing customers in India.  The maintenance contracts are for the provision of support services and spare parts for installed FFT Secure Fence and FFT Secure Pipe systems deployed to protect critical infrastructure across India, including major Oil & Gas assets and facilities.

Commenting on the announcement, AVA CEO Scott Basham said:

“The order to protect a critical pipeline in India is reflective of our focus on providing high-end, high-value applications with our world leading Aura Ai-2 technology.  Customers that have strategic, nationally important infrastructure, see the clear value that our Aura Ai-2 platform brings with its unrivalled high-sensitivity detection, location accuracy, cut resilience capability, low nuisance alarms, and the longest linear range of any solution currently available”.

“The provision of high-quality service and support capabilities is an integral part of our focus on delivering value to our customers around the globe. To meet this growing demand, we are rolling out some new and innovative service support offerings that will further allow us to diagnose and optimise deployed systems and respond more efficiently to calls for assistance from our large and growing  customer base.”

About the Ava Group

The Ava Group, comprising world leading technology divisions Future Fibre Technologies (FFT) and BQT Solutions (BQT) is a market leader in the provision of risk management services and 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 for perimeters, pipelines and data networks, biometric and card access control as well as the secure international logistics and storage of high value assets. Through decades of innovation, the Ava Group continues to build upon a comprehensive portfolio of premium services and 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 services and technologies that surpass the expectations of our partners and end users.

Contact

For more information on this announcement please contact Leigh Davis, CFO leigh.davis@theavagroup.com    

Ava Risk Group Limited (ASX: AVA) (Ava Group or Company) today provides the following market update:

• Ava Group FY2019 revenue is expected to increase by approximately 160% year on year to $31.5m.
• The Technology Division is poised for strong growth in the new financial year, with an order backlog at 30 June 2019 of circa $6.0m. 
• FY2019 revenue is lower than expectations due to the receipt of a number of orders in late June 2019 and the timing of production and dispatch for those orders received to be recognised as revenue in FY2019. To this end, Technology Division FY2019 revenues are expected to be circa $15.5m, $2.5m below expectations.
• The $2.5m bridge of late orders relate primarily to key US Government and Oil & Gas critical infrastructure sites (refer to company announcement dated 25 June 2019) and two major Middle Eastern aviation related critical infrastructure installations (Refer to company announcement dated 28 June 2019). 
• The delayed orders received in late June are expected to ship during Q1 FY2020, and the bulk of remainder of the order backlog will be delivered during FY2020.
• The first initial orders have also been received by Ava’s Technology Division in relation to the Indian MoD project, to support the preliminary Factory Acceptance Testing requirements of this major project.  Some limited delays are being experienced as the prime contractor completes their review of the data network fibre optic system design and finalises the quantity of systems needed for the project. This has delayed the finalisation of Ava Group’s in-country partner’s production planning as a result. No formal advice has been provided as yet on either the new final production numbers, nor the prime contractor’s plans to mitigate this delay to still deliver the project on time through accelerated production and delivery schedules. 
• The Services division revenue guidance is circa $16.0m and the division is expected to be EBITDA positive during Q4 FY2019.
• The Ava Group expects record revenues of $9.0m-$12.0m during Q1 FY2019, comprising $2.5m-$3.5m from orders on hand, $3.0m – $4.0m of new Technology Division orders, and $3.5m – $$4.5m in Services Division revenues.

About the Ava Group 

The Ava Group, comprising world leading technology divisions Future Fibre Technologies (FFT) and BQT Solutions (BQT) is a market leader in the provision of risk management services and 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 for perimeters, pipelines and data networks, biometric and card access control as well as the secure international logistics and storage of high value assets. Through decades of innovation, the Ava Group continues to build upon a comprehensive portfolio of premium services and 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 services and technologies that surpass the expectations of our partners and end users. 

Note 1

Forward Looking Statements

Information in this release is for general information purposes only. Certain statements in this document regarding the Company’s financial position, business strategy and objectives, contain forward-looking statements (rather than being based on historical or current facts) and as such, are not able to be verified. 

All forward-looking statements are based on the current views of the Company’s management as well as reasonable assumptions made by, and information currently available to the Company’s management. Forward-looking statements are inherently uncertain and must be read accordingly. There can be no assurance that some or all of the underlying assumptions will prove to be valid. If assumptions are invalid this is likely to have an impact on the accuracy of the statement itself.

All data presented in this document reflects the current views of the Company with respect to future events.  Forward-looking statements are subject to a variety of risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the Company. Forward looking statements are also subject to external matters outside the control of the Company.

To the maximum extent permitted by law, the Company, its officers, employees and agents do not assume any obligation to release any updates or revisions to the information (including any forward looking statements) in this presentation to reflect any change to expectations or assumptions; and disclaim all responsibility and liability for any loss arising from reliance on this presentation or its content.

• Recently launched Aura Ai-2 secures new contracts in the Middle East
• Aura Ai-2 selected to protect perimeter of highly sensitive airbase
• Major international airport to upgrade to next generation Aura Ai-2

AVA Risk Group Limited (ASX: AVA) announces that following the A$5M contract announced on 24 May 2019 regarding Aura Ai-2’s selection as part of a major security upgrade across 23 Indian Military Airbases, it has secured further orders for its FFT Aura Ai-2 product valued  at A$1.07M.  These orders further confirm FFT’s dominance as the preferred Perimeter Intrusion Detection System of choice for high security Military and Critical Infrastructure applications. Details of the orders received are as follows:

• FFT’s Aura Ai-2 has been selected to protect the perimeter of a highly sensitive airbase in the Middle East. The product is due for delivery an installation in Q1 FY20.

• FFT’s Aura Ai-2 has been selected to protect a major international airport in the Middle East.  This long-standing customer will be migrating from their existing FFT Secure Fence solution to the next generation Aura Ai-2 technology, as part of significant airport security upgrade. 

Commenting on the announcement, AVA Group CEO Scott Basham says: “FFT’s fibre optic perimeter intrusion technology has long been used to protect military airbases and major civilian airports all around the globe. Recent orders from the Middle East and India indicate that FFT remains the preferred solution for protecting the people and critical national assets housed inside these highly sensitive perimeters. Both new and existing customers alike are embracing the enhanced benefits and value that our new Aura Ai-2 platform offers these vital infrastructure security operations.”

“Aura Ai-2 now clearly leads the market with its unrivalled high-sensitivity detection, location accuracy, cut resilience capability, low nuisance alarms, and the longest linear range of any solution currently available,” Mr Basham adds, “These orders, and other recent announcements, reflect the security industry’s belief in the direction we are taking our world leading technology, and affirm that our laser focus on delivering value to customers is resonating with end user sectors”.

About the Ava Group

The Ava Group, comprising world leading technology divisions Future Fibre Technologies (FFT) and BQT Solutions (BQT) is a market leader in the provision of risk management services and 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 for perimeters, pipelines and data networks, biometric and card access control as well as the secure international logistics and storage of high value assets. Through decades of innovation, the Ava Group continues to build upon a comprehensive portfolio of premium services and 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 services and technologies that surpass the expectations of our partners and end users.

Contact

For more information on this announcement please contact Leigh Davis, CFO leigh.davis@theavagroup.com    

• Recently launched Aura Ai-2 secures further customer wins in the USA
• Existing global petrochemical customer to upgrade to Aura Ai-2 
• Aura Ai-2 to protect perimeter of high security US Government Facility 

AVA Risk Group Limited (ASX: AVA)announces that it has signed new contracts in the United States totalling circa A$691K (US$473K). 

Leveraging its advanced capabilities, Aura Ai-2 was selected to protect the extended perimeter of a petrochemical facility located in the US Gulf Coast region. Reflective of our innovation and product leadership, and customer centric ethos, this long standing customer is upgrading  the entire site from FFT Secure Fence to the latest generation Aura Ai-2 technology. 

A new US Government Facility located on the West Coast will use Aura Ai-2 to protect its  perimeter. This new contact follows the 27 May 2019 announcement regarding Aura Ai-2 being selected to protect the perimeters of two other high security US Government sites.

AVA Risk Group CEO Scott Basham said: “Aura Ai-2 continues to be adopted by high-security agencies for the protection of sensitive sites, borders and critical infrastructure, with particular momentum in North America. Both new and existing customers of FFT’s intrusion detection solutions can see the added benefits of the new Aura Ai-2 platform which includes bi-directional cut immunity and longest linear range in the market. With FFT’s SecureFence product already installed at hundreds of sites around the globe, we anticipate that many of our long-term customers who now understand the enhanced performance capabilities of our Aura Ai-2 technology, will be looking to upgrade to this new standard at the earliest opportunity.”

About the Ava Group 

The Ava Group, comprising world leading technology divisions Future Fibre Technologies (FFT) and BQT Solutions (BQT) is a market leader in the provision of risk management services and 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 for perimeters, pipelines and data networks, biometric and card access control as well as the secure international logistics and storage of high value assets. Through decades of innovation, the Ava Group continues to build upon a comprehensive portfolio of premium services and 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 services and technologies that surpass the expectations of our partners and end users. 

Contact

For more information on this announcement please contact Leigh Davis, CFO leigh.davis@theavagroup.com   

• Aura Ai-2 to protect perimeter at high security US Government sites
• North American Nuclear Power Plant to deploy Aura Ai-2
• Significant interest in Aura Ai-2 for protection of critical national infrastructure

AVA Risk Group Limited (ASX: AVA) has secured two new contracts for FFT Aura Ai-2 valued at A$862K. Aura Ai-2 has been selected to protect the perimeters of two high security US Government sites, as well as a North American Nuclear Power Plant. 

These orders for Aura Ai-2 are to be used to protect important national critical infrastructure in North America, follow on from the on 24 May 2019 announcement that the Indian Air Force has also selected this award-winning, best in class technology to protect 23 airbases.

Often selected by high-security agencies for the protection of highly sensitive sites, borders and critical infrastructure, Aura Ai-2 offers the longest linear range in the market, up to 80km for fence mounted and 110km for buried applications. With real time, simultaneous detection on two channels, the system offers uninterrupted coverage through cut resilience immunity and redundancy.

AVA Risk Group CEO Scott Basham said: “We continue to see significant interest in the unique Aura Ai-2 capabilities, including precise location of intrusion attempts and the ability to continue to protect perimeters even if the sensing cable is cut, for the protection of critical infrastructure globally. Pleasingly, this North American win follows previous successful deployments of FFT Aura Ai-1 on a Nuclear Power plant in the middle east, and positions FFT for future growth in this important market globally.”

Providing industry leading accuracy and artificial intelligence algorithms, Aura Ai-2 is fast becoming the solution of choice for the protection of highly sensitive, critical infrastructure around the globe.

About the Ava Group

The Ava Group, comprising world leading technology divisions Future Fibre Technologies (FFT) and BQT Solutions (BQT) is a market leader in the provision of risk management services and 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 for perimeters, pipelines and data networks, biometric and card access control as well as the secure international logistics and storage of high value assets. Through decades of innovation, the Ava Group continues to build upon a comprehensive portfolio of premium services and 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 services and technologies that surpass the expectations of our partners and end users.

Contact For more information on this announcement please contact Leigh Davis, CFO leigh.davis@theavagroup.com

• Integrated security solution to be deployed across 23 airbases over 18-24 months
• US$3.5 million (A$5.0 million) contract is expected to be in place within six weeks
• FFT offered only compliant solution for both buried and fence mounted applications

Ava Risk Group Limited (ASX: AVA) announces that its FFT Aura Ai-2 product has been selected as part of a comprehensive perimeter security upgrade program covering major air bases across India as a result of the heightened security environment in the region.

The US$3.5 million (A$5.0 million) contract will see FFT Aura Ai-2 deployed as part of an integrated security solution at 23 military airbases over a period of 18 to 24 months – commencing in Q1 FY20. The integrated security system will include “smart fences” with FFT’s Aura Ai-2 installed along with CCTV cameras, infra-red devices, motion detectors, anti-penetration, thermal and other sensors, backed by drones and surveillance devices.

In competitive on-site trials, Aura Ai-2 was tested alongside alternative intrusion detection technologies for simultaneous buried and fence mounted applications. Results demonstrated that FFT was the only solution capable of meeting the customer’s stringent detection requirements (walker, vehicle, fence cuts and climbs, simultaneous events), integration prerequisites and low nuisance alarm levels.

Ava Group CEO Scott Basham said: “The success of FFT’s Aura Ai-2 product in this competitive and challenging trial is reflective of the power of our Aura platform and the  continuous improvements we have made since its launch in early 2017. This has resulted in the release of Aura Ai-2 for buried applications, followed by further enhancements which included accurate detection, location and reporting of multiple disturbances to within +/- 2m on fences and to within +/- 5m for buried applications. As a result, FFT’s Aura Ai-2 now clearly leads the market with its unrivalled high-sensitivity detection, location accuracy, cut resilience capability, low nuisance alarms, and the longest linear range of any solution currently available.”

Refer to Note 1 attached.

About the Ava Group

The Ava Group, comprising world leading technology divisions Future Fibre Technologies (FFT) and BQT Solutions (BQT) is a market leader in the provision of risk management services and 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 for perimeters, pipelines and data networks, biometric and card access control as well as the secure international logistics and storage of high value assets. Through decades of innovation, the Ava Group continues to build upon a comprehensive portfolio of premium services and 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 services and technologies that surpass the expectations of our partners and end users.

Contact

For more information on this announcement please contact Leigh Davis, CFO leigh.davis@theavagroup.com    

Note 1

Forward Looking Statements

Information in this release is for general information purposes only. Certain statements in this document regarding the Company’s financial position, business strategy and objectives, contain forward-looking statements (rather than being based on historical or current facts) and as such, are not able to be verified. 

All forward-looking statements are based on the current views of the Company’s management as well as reasonable assumptions made by, and information currently available to the Company’s management. Forward-looking statements are inherently uncertain and must be read accordingly. There can be no assurance that some or all of the underlying assumptions will prove to be valid. If assumptions are invalid this is likely to have an impact on the accuracy of the statement itself.

All data presented in this document reflects the current views of the Company with respect to future events.  Forward-looking statements are subject to a variety of risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the Company. Forward looking statements are also subject to external matters outside the control of the Company.

To the maximum extent permitted by law, the Company, its officers, employees and agents do not assume any obligation to release any updates or revisions to the information (including any forward-looking statements) in this presentation to reflect any change to expectations or assumptions; and disclaim all responsibility and liability for any loss arising from reliance on this presentation or its content.

• Appointment of sales executive in North America to fill vacancy
• Renewed focus on Oil & Gas infrastructure and pipeline protection opportunities

AVA Risk Group Limited (ASX: AVA) continues to expand its sales team with the appointment of Michael Brewster as Business Development Manager Oil & Gas – North America. This follows the recent appointment of sales executives in Africa and Latin America.

With an extensive security background in critical infrastructure (Oil & Gas, Energy, Petrochemical and Transportation), Mike joins the AVA team’s Technology Division from TSI Professionals where he was Business Development Director responsible for cybersecurity and physical system security and services. Previously Managing Director of SSC and TSC Group, Mike not only brings significant management and business development experience in security systems integration and monitoring services to the Company, but insights into the broad range of opportunities available across the United States.

AVA Risk Group CEO Scott Basham said: “With our range of fibre optic perimeter security solutions actively protecting Oil & Gas facilities around the globe, we are focused on pursuing opportunities that leverage this experience and further strengthen our market leading position in this sector. As Business Development Manager Oil & Gas – North America, Mike will renew focus on critical infrastructure and pipeline protection opportunities for our PIDS and pipeline applications. I would like to welcome Mike to the AVA team.”

About the Ava Group

The Ava Group is a market leader in the provision of risk management services and 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 for perimeters, pipelines and data networks, biometric and card access control as well as the secure international logistics and storage of high value assets. Through decades of innovation, the Ava Group continues to build upon a comprehensive portfolio of premium services and 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 services and technologies that surpass the expectations of our partners and end users.

Contact: For more information on this announcement please contact Leigh Davis, CFO leigh.davis@theavagroup.com

AVA Risk Group Limited (ASX: AVA), a market leader of risk management services and technologies, announced today that it had received formal confirmation that the Purchase Order has been received and accepted by its in-country manufacturing partner, SFO Technologies Private Limited (SFO) in respect of the major Letter of Intent award announced to the ASX on 5 September 2018, as updated:

• SFO has formally notified Ava that the Purchase Order has now been received and accepted.
• Ava will receive an estimated US$11.9m (A$16.86m) over the next 14 months, paid as license fees.
• Based on the current production and delivery schedules, it is anticipated that between US$0.35m and US$1.0m (A$0.5m and A$1.5m) revenue will be generated in FY2019 with the remaining revenue of between US$11.55m and US$10.9m (A$16.36m and $15.4m) expected in FY2020.
• In addition, there is expected to be further revenue after the initial 3-year warranty period from a subsequent 7-year spares and maintenance contract, which has been estimated at US$3.4m (A$4.8m) over the warranty period.
• Given the licence fee nature of the project, the contract will be highly profitable for Ava Group. Moreover, it’s expected that the project win should lead to further opportunities in the secure data network market.
• Under the revised contract terms, Ava will be paid on 120-day terms (ex-works) and benefit from a bank guarantee equivalent to 200 units of product (circa 20% of total production volumes).

Ava Group Chief Executive, Scott Basham said: “This large-scale deployment of our data network security solution will generate further interest in our cybersecurity solutions and contribute significant earnings in FY2020 and beyond”.

Refer to Note 1 attached.

About the Ava Group

The Ava Group, comprising world leading technology divisions Future Fibre Technologies (FFT) and BQT Solutions (BQT) is a market leader in the provision of risk management services and 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 for perimeters, pipelines and data networks, biometric and card access control as well as the secure international logistics and storage of high value assets. Through decades of innovation, the Ava Group continues to build upon a comprehensive portfolio of premium services and 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 services and technologies that surpass the expectations of our partners and end users.

Contact

For more information on this announcement please contact Leigh Davis, CFO leigh.davis@theavagroup.com    

Note 1

Forward Looking Statements

Information in this release is for general information purposes only. Certain statements in this document regarding the Company’s financial position, business strategy and objectives, contain forward-looking statements (rather than being based on historical or current facts) and as such, are not able to be verified. 

All forward-looking statements are based on the current views of the Company’s management as well as reasonable assumptions made by, and information currently available to the Company’s management. Forward-looking statements are inherently uncertain and must be read accordingly. There can be no assurance that some or all of the underlying assumptions will prove to be valid. If assumptions are invalid this is likely to have an impact on the accuracy of the statement itself.

All data presented in this document reflects the current views of the Company with respect to future events.  Forward-looking statements are subject to a variety of risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the Company. Forward looking statements are also subject to external matters outside the control of the Company.

To the maximum extent permitted by law, the Company, its officers, employees and agents do not assume any obligation to release any updates or revisions to the information (including any forward-looking statements) in this presentation to reflect any change to expectations or assumptions; and disclaim all responsibility and liability for any loss arising from reliance on this presentation or its content.

AVA Risk Group Limited (ASX: AVA), is pleased to report that it has received the first purchase orders for BQT smart readers from the Department of Human Services (DHS). Details of the Australian Government contract were previously announced to the market in mid 2018. 

The contract estimates that requirements will be for the provision of approximately 6,500 readers and additional associated equipment over a planned implementation period of approximately two years.

Estimated revenue from DHS over the contract period at the anticipated volumes is expected to be A$1.8 million to A$1.9 million. It is noted that the Australian Government reserves the right at its absolute discretion to vary the requirements and the implementation period.

Under the terms of the contract, the high security smart reader solution proposed by AVA and accepted by the end-user, will also be available to all Australian Government departments as part of the tender conditions and subsequent contract award. This may facilitate direct sourcing opportunities for other government departments.

AVA Risk Group CEO Scott Basham said: “BQT’s custom high security smart cards and biometric readers have been trusted to protect access to some of Australia’s most critical government facilities for more than a decade. In fact, BQT has been selected as the provider of choice for numerous government facilities around the globe. With its comprehensive portfolio of innovative, high-security solutions, we are confident that BQT’s footprint will continue grow in government and other key strategic sectors.” 

About the Ava Group

The Ava Group, comprising world leading technology divisions Future Fibre Technologies (FFT) and BQT Solutions (BQT) is a market leader in the provision of risk management services and 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 for perimeters, pipelines and data networks, biometric and card access control as well as the secure international logistics and storage of high value assets. Through decades of innovation, the Ava Group continues to build upon a comprehensive portfolio of premium services and 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 services and technologies that surpass the expectations of our partners and end users.

Contact

For more information on this announcement please contact Leigh Davis, CFO leigh.davis@theavagroup.com    

Note 1

Forward Looking Statements

Information in this release is for general information purposes only. Certain statements in this document regarding the Company’s financial position, business strategy and objectives, contain forward-looking statements (rather than being based on historical or current facts) and as such, are not able to be verified. 

All forward-looking statements are based on the current views of the Company’s management as well as reasonable assumptions made by, and information currently available to the Company’s management. Forward-looking statements are inherently uncertain and must be read accordingly. There can be no assurance that some or all of the underlying assumptions will prove to be valid. If assumptions are invalid this is likely to have an impact on the accuracy of the statement itself.

All data presented in this document reflects the current views of the Company with respect to future events.  Forward-looking statements are subject to a variety of risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the Company. Forward looking statements are also subject to external matters outside the control of the Company.

To the maximum extent permitted by law, the Company, its officers, employees and agents do not assume any obligation to release any updates or revisions to the information (including any forward-looking statements) in this presentation to reflect any change to expectations or assumptions; and disclaim all responsibility and liability for any loss arising from reliance on this presentation or its content.