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AVA Risk Group Limited (ASX: AVA), a market leader of risk management services and technologies, announced today that it had concluded contract negotiations with 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 contract negotiations with the prime contractor are now complete and the formal PO will be issued to SFO next week.
• The value of the licence fee has increased, and it is now estimated that Ava will receive US$11.9m (A$16.86m) over the next 14 months.
• 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 additional 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: “The finalisation of the contractual negotiations for this contract represents a major milestone for Ava Group. Significant profits will be delivered from this award and when combined with our laser focus on profitable growth, Ava is extremely well positioned to capitalise on our strong base of leading products to deliver strong financial returns for our shareholders 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.

• Appointment of sales executives in Africa and Latin America to fill vacancies
• Renewed focus on technology related security opportunities in these regions
• Key markets for perimeter, pipeline and new Aura Ai / Mining3 applications

AVA Risk Group Limited (ASX: AVA) has renewed its focus on technology related security opportunities in Africa and Latin America with the appointment of experienced sales executives in each region.

JC Grobbelaar joins the AVA team’s Technology Division as Business Development Manager – AFRICA. With an extensive security background, particularly in critical infrastructure within Africa’s mining sector, JC will bring focus on technology related opportunities for the company’s PIDS and pipeline applications. JC has extensive management and business development experience within the Security Integrator Market, as well as with African and global multinational mining, energy, engineering, industrial, civil, governmental, airports, customs and prison clients. Prior to joining AVA, JC was Business Development Manager (Africa) at Gallagher and held the position of Regional Director, Integrated Electronic Solutions G4S North and West Africa.

Andres Cuervo Salazar also joins the AVA team’s Technology Division as Business Development Manager – LATAM (North) Based in Colombia, Andres will focus on sales opportunities for FFT and BQT solutions in LATAM “North” (Mexico, Caribbean, Central America, Colombia, Ecuador & Venezuela). An experienced sales and marketing professional, Andres previously joined the Safran Group with Morpho Identification division and then he was promoted internally taking care of LATAM Regional Sales Direction at Morpho Detection International LLC, for over 11 years, managing the totally regional distributor network. Most recently with Smiths Detection; where he had as well the regional commercial responsibility for the detection division.

AVA Risk Group CEO Scott Basham said: “Africa and Latin America offer significant technology related opportunities for our perimeter intrusion and pipeline security applications. They are also key markets for AVA’s advanced predictive conveyor belt monitoring system – representing 35 percent of the total addressable market for the Aura Ai based performance management solution. The addition of JC and Andres to AVA’s on-ground teams in Africa and Latin America provides renewed focus as we work to capitalise on local opportunities for FFT and BQT products and grow our presence in these regions.”

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

• Strong backlog supports future improvement in cashflow
• Indian MoD contract delays nearing resolution
• Final stage negotiation for large program orders for new locking product
• First orders for Aura IQ Product opens up $300M new market
• Consolidated cash position of $0.9m

Click here to read the full announcement

Ava Risk Group Limited (ASX: AVA), a market leader of risk management services and technologies, today released its Appendix 4C for the quarter ended 31 March 2019.

Reflective of the previously reported delay in orders received during Q2 FY2019, along with payment terms (timing) of orders received, net operating cash flows were negative $1.9m for the quarter, compared to positive $0.7m during the previous quarter. Cash receipts from customers were down $2.2m on the previous quarter to $7.4m.

At 31 March 2019 the Company had orders in hand (backlog) in excess of $3.6m, and $0.9m cash at bank. Cash at bank was $0.6m below expectations as a cash refund from the AusIndustry R&D programme anticipated to be received during the quarter was delayed, and has been subsequently received in early April.

Excluding cash inflows from customer payments, and other sources, gross operating cash outflows are forecast around $8.7m for next quarter, a $0.4m reduction compared to the quarter just ended.

Ava Group Chief Executive, Scott Basham said: “With a restructure of our management team and a re-focus on profitable growth, Ava is well positioned to capitalise on our strong base of leading products, increasing gross margins and a large order book to support a greatly improved and profitable Q4 FY2019 and FY2020”.

The softer than expected booking of orders in H1 by the Technology Division has seen an obvious follow on tightening of our cash position in Q3.

The delay of inflows originally expected for the Technology Division from the Indian MoD order, has impacted short-term working capital.  However, recent purchase order activities by the Prime Contractor in India on this project with other sub-suppliers and OEMs, indicates that a level of momentum is now very much underway.

Our expectations remain that the revenue forecast for this project in FY2019 (A$500k to A$1.5M) will be forth coming in Q4 FY2019, with the balance of the USD$10.5M to USD$11.1M (A$14.8M – $15.7M) to follow in FY2020.

The business has restructured its management team to reduce overhead, right size our cost base, and manage our reduced working capital position.  Ava Group has achieved on-going cost savings compared to H1 FY2019 of $1.2m p.a. This is in addition to the $1m p.a. achieved following the acquisition of MaxSec Group last year.  The business is fundamentally well positioned for growth and future success, with a strong backlog of purchase orders received in Q3, currently in excess of $3.6M, the majority of which is remains on track for delivery this financial year.

Included in the Q3 backlog is the first purchase order for $249K, under the agreement with Dept. of Human Services (DHS) for Electronic Access Control System (EACS) card readers, with the bulk of this $1.8M project being expected to be delivered in 1H FY2020.

The Technology Division is also currently in the final stage of negotiations with a major overseas customer for a significant (5 year) long term order to deliver large-scale fixed monthly quantities of one of our world-leading and award-winning locking products.  This order will require a sizable expansion of specific parts of our existing production capabilities to meet not just the supply demands of this order, but the expectations of similar large-scale orders from elsewhere around the world for this unique product.  This specific order will significantly change the underlying size of the business and will create strong profitable revenue streams for the company going forward in FY20 and beyond.

The Technology Division is also in the final stages of preparations to launch our new Aura IQ product for conveyor belt assurance monitoring. The first customer orders have been received, and installations are underway. The Aura IQ solution opens up a new $300M+ revenue market opportunity for the Technology business.

Total Technology Division revenue is still forecast to be in excess of A$18.0M for FY2019.

The Technology Division continues to forecast it will be EBITDA positive in 2HFY2019 and is confident of increasing its revenues and delivering profits in FY2020 and beyond.

Total Services Division revenue forecast for FY2019 has reduced slightly to A$16.4M to A$17.1M.

The Services Division is forecasting to be EBITDA neutral in the current quarter.

Click here to read the full announcement

About Ava Group

Ava Group is a market leader 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, a range of high security locks 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.

For further information contact: Leigh Davis leigh.davis@theavagroup.com

Ava Group (AVA), a market leader in security risk management services and technology will be showcasing its portfolio of security solutions at ISC West – Las Vegas, booth 25103.  ISC West is the largest converged security industry trade show in the US with the exhibition taking place from April 10-12^th. The event provides a major platform for professional networking, sourcing new suppliers and introducing new products and technologies, encompassing everything from access control to unmanned vehicles. ISC West also includes the SIA Education@ISC conference programme, running from April 9-11^th.

Ava Group’s technology division incorporates two well established security risk management companies – Future Fibre Technologies (FFT) and BQT Solutions, both of which will be on the booth this April. As a market leader in risk management services and technologies, Ava Group offers a portfolio of complementary solutions encompassing both fiber optic intrusion detection as well as high security access control and locking. Ava Group is proud to present the latest solutions from its technology division, namely the Orca lock and latest enhancements to the Aura Ai-2 controller.

The enhanced Aura Ai-2 from Future Fibre Technologies features unrivalled high-sensitivity detection, location accuracy, cut resilience capability and the industry’s longest linear range. This market-leading product features new ultra-low noise optical detection electronics. This ensures a single controller can cover a distance up to 110 kilometers, accurately detecting, locating and reporting multiple disturbances to just +/- two meters.

BQT Solutions will be demonstrating the new high-strength Orca lock (YG80) – providing ultimate security for all environments. Building on the success of the award winning YG10, the Orca lock is designed for securing gates, roller doors, shipping containers and any other large door or entryway. Alongside the Orca’s impressive physical attributes, a unique feature is its ability to fully integrate into an access control system, surpassing any other solutions available in the market. Orca is fully monitored, weatherproof, and user configurable – providing the perfect indoor and outdoor locking solution.

As well as getting to know the product range, the Ava Group team will be on hand to explain how its solutions are being used in real-world projects to address the latest threats. Newly appointed Chief Executive Officer, Scott Basham commented, “We’ve seen continued growth in demand for our products in the US market and returning to ISC West provides us with a perfect platform to showcase our broad range of capabilities and explain to visitors how our product range can be applied to meet their particular needs. We always welcome the opportunity to be face-to-face with our customers worldwide and thoroughly enjoy being able to engage directly with the market in this way.”

Alongside their presence in the exhibition hall, Ava Group’s CTO – Technology, Dr Jim Katsifolis will be presenting ‘Fiber Optic Perimeter Intrusion Detection Systems (PIDS): Trends, Myths and Realities Revealed’ 10:15am on April 9^th, Sands 302. This presentation promises to cover how best to select appropriate fiber sensing technology products when specifying, as well as how to assess the true performance of such PIDS systems.

With over 1,000 exhibitors and brands and an anticipated 30,000 security professionals, ISC West is a must-visit for anyone in the security risk industry.

ABOUT AVA GROUP

The Ava Group is a market leader 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 and location for perimeters, pipelines and data networks, access control and locking as well as secure international logistics, storage of high value assets and risk consultancy services. 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.

Ava Risk Group Limited (ASX:AVA) today announced that experienced security industry specialist Scott Basham has been appointed Chief Executive Officer. As a proven sales and business development executive, in addition to overseeing our global strategy and operations, Scott will also lead our global technology sales & marketing teams. 

Scott is an internationally experienced corporate executive who has a wealth of knowledge and experience of the security industry, gained from almost twenty years of involvement working on major security projects and system integrations across Australasia and the Asia Pacific regions.

Over that time, Scott has formed and led international sales teams and project teams for global technology organisations, working with manufacturing facilities in France, Germany, Italy, Canada and the USA to deliver major projects throughout Australia, New Zealand, and the Asia Pacific region.

Scott’s expertise encompasses leadership and general management of multiple ANZ business units, strategic sales and business development, international marketing and communications throughout APAC, as well as commercial, operational and program management. 

Ava Chairman, David Cronin, said: “Optimising our team structure and skill set to drive revenue and profits is a key priority of the Board. Scott brings extensive industry experience and a proven track record in strategically developing business opportunities and managing business units to profitability. We welcome Scott and are looking forward to his leadership and contribution to increase and successfully close contracts within our large and increasing global sales pipeline”. 

During his career, Scott has worked for a number of major global security industry companies, including Smiths Detection (as Vice President & Managing Director Australia & New Zealand, and also as Vice President Strategy & Marketing APAC), Unisys (as APAC Program Manager for Location, Perimeter and Surveillance Security), Morpho Detection (as Sales Director APAC), Rapiscan Systems (as Managing Director Singapore Australia & New Zealand) and Idemia (as Business Development Manager APAC).

Scott has also previously consulted to the Australian Department of Defence, to conduct Security Risk Assessments and then the deployment of Risk Mitigation Measures, at major defence bases around Australia, as part of the Base Security Improvement Program (BSIP).

Scott’s expertise and understanding encompasses the breadth of high-end, high-value, integrated detection, inspection and imaging technologies, and their applications in transportation, border protection, critical infrastructure, emergency services, and the military.

A former commissioned officer in the Australian Regular Army, Scott holds a Master of Business Administration and a Masters of Management from the Macquarie Graduate School of Management, as well as a Masters of Commerce from Macquarie University.

Scott will be based in Sydney, Australia.

Appendix A contains key terms of Mr. Basham’s contract.

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 risk conscious commercial, industrial, military and government clients in the world.

The Group features a range of complementary solutions including Future Fibre Technologies (FFT) for intrusion detection for perimeters, pipelines and data networks, BQT Solutions (BQT) for biometric and card access control as well as AVA Global for 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.

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

APPENDIX A

Key Terms Group Chief Executive Officer Employment Contract

Mr. Scott Basham is employed via an Employment Agreement with Ava Risk Group Limited on a permanent, full-time basis. Scott commences his position as Group Chief Executive Officer on 11 March 2019. His fixed remuneration is A$265,000 pa (inclusive of superannuation), rising to A$275,000 pa (inclusive of superannuation) from 1 July 2019. He has a notice period of 2 months.

In addition to his fixed remuneration, Scott is eligible to participate in a performance based bonus scheme and the Company’s performance share rights plan (PSR). For the period ending 30 June 2019, his bonus will comprise an STI of up to A$30,000 based on achievement of forecast EBITDA and sales leadership KPI’s. The bonus (if any) will be paid in cash or shares (at Scott’s election).

For the 12 month period ending 30 June 2020, Scott will be entitled to a bonus of up to A$100,000 based on achievement of net profit, operating cashflow and strategic KPI’s. The bonus (if any) will be paid 50% as a cash STI (or shares at Scott’s election) and 50% as an LTI as PSR vesting equally at 12 and 24 months.

Ava Risk Group Limited (ASX:AVA) today announced that it is considering corporate options for its International Valuables Logistics (IVL) subsidiary, Ava Global DMCC, after receiving multiple expressions of interest from secure logistics corporation(s) that wish to explore a potential equity investment with respect to that division.

As part of these discussions, Ava is undertaking an internal review and valuation of its IVL business and will consider its strategic investment options. Whilst preliminary in nature, any potential investment is understood to involve management equity for key staff. Chris Fergus, Ava’s current Group Chief Executive, and Founder of Ava Global, will step down as Group CEO, and executive director of Ava Risk Group Limited, and transition to a role where his focus will be dedicated to leading the Ava’s International Valuables Logistics (IVL) Services Division.

Founder and CEO of Ava Global, Chris Fergus, said “I am pleased to have received external interest in our business at this stage of our development. Since founding Ava’s IVL business in 2016, the division achieved record revenue growth of 159%, over the prior corresponding period, for the first half of FY2019. The business has substantial growth opportunities, with an addressable spend with its current major clients of over $63m, of which Ava is trending towards winning 1/3^rd of this business. In addition, we have an increasing pipeline of potential new clients, with annual addressable spend in excess of $50m. I look forward to continuing to provide leadership to Ava’s IVL business and believe that we are well positioned to deliver additional shareholder value”.

For the avoidance of doubt, it is important to note that the investment discussions are at an early stage and the parties are yet to conclude due diligence and/or agree on key material terms.  Further updates will be provided when information is available.

A separate announcement of today’s date will be made with respect to the incoming Group CEO.

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 risk conscious commercial, industrial, military and government clients in the world.

The Group features a range of complementary solutions including Future Fibre Technologies (FFT) for intrusion detection for perimeters, pipelines and data networks, BQT Solutions (BQT) for biometric and card access control as well as AVA Global for 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.C

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

• Quarter on quarter improvement in revenues and cash flows
• Consolidated cash position of $3.1m, with no debt
• One-off cash flows relating to AVA compulsory acquisition of MSP minority holders of $1.2m

Ava Risk Group Limited (ASX: AVA), a market leader of risk management services and technologies, today released its Appendix 4C for the quarter ended 31 December 2018 and provides an update as to the Indian Military project.

Net operating cash flows were positive $0.7m for the quarter, a $2.0m improvement on the previous quarter. Cash receipts from customers were $9.6m for the quarter, a $2.3m increase on the previous quarter.

At 31 December 2018 the Company had $3.1m cash at bank and no debt.

Gross forecast operating cash outflows of around $8.9m are expected for next quarter, consistent with the quarter just ended. This excludes cash inflows from customer payments and government R&D rebates. Orders in hand (backlog) for 2HFY2019 at 31 December 2018 are in excess of $4.0m.

Whilst the Company is yet to receive the formal purchase order for the Indian Military Data Network project (Letter of Intent announced to ASX 5 September 2018) we are pleased that detailed negotiations continue between the prime contractor and our in country OEM partner. Recent negotiations have included increasing the scope of the contract, which, if
concluded as expected, will increase the amount of revenue that Ava receives under the contract award. Further particulars will be provided when negotiations are concluded and we receive the formal purchase order.

Ava Group Chief Executive, Chris Fergus said: “Ava’s strategic growth plans significantly progressed in the quarter with the completion of the compulsory acquisition of MaxSec Group Limited. Orders received increased over the prior quarter, especially for FFT, and this supports our expectations for revenue growth in the second half year of the year. Ava’s overall second quarter revenue was lower than expected for the Technology Division, primarily due to timing of order receipts and customer delays, but this was partially offset by the revenue growth in the Services Division. Operating cash flow was positive, being broadly in line with expectations.”

About Ava Group

Ava Group is a market leader 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, a range of high security locks 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.

For further information contact: Leigh Davis leigh.davis@theavagroup.com

Ava Risk Group Limited (ASX:AVA) has today announced the signing of a development and commercialisation agreement with Mining3 which will see the launch of an innovative new performance management solution aiming to revolutionise the condition monitoring of conveyors.

The agreement will strengthen the recently announced strategic alliance between Future Fibre Technologies (FFT), an Ava Group division, and Mining3, the leading global mining research and innovation company.

Conveyor maintenance is a significant daily problem for the mining, cement, pulp and paper and agriculture sectors. Conventional methods of advanced detection of failure in conveyors are unreliable, time-consuming and labour intensive.

Under the 3 year agreement, FFT will use its Aura Ai-2 advanced fibre optic sensing platform combined with Mining3’s signal processing algorithms to bring to market a new FFT product that provides the world’s most advanced predictive conveyor condition monitoring system for the global mining industry. Importantly, the product will provide wear detection to pre-empt roller failure using FFT’s ultra-reliable fibre optic solutions. FFT will invest up to $250,000 to develop and market the new jointly created product and will have worldwide rights to the commercialisation of the technology.

This game-changing risk assurance solution is expected to launch in Q2 FY2019 and provides a first mover advantage for the Ava Group, in a potential total addressable market of up to $300 million.

Ava Group CEO, Chris Fergus, said: “Mining companies are striving to realise the full benefits of evolving digital capabilities to sustain and enhance improvements in productivity, including looking at ways of using data more effectively to enhance asset management, improve reliability and introduce predictive capability.

“This partnership is a result of our focus towards providing innovative solutions to clients in key strategic sectors. The potential opportunity for Ava Group is transformational as we begin to execute and leverage on our strong portfolio of Intellectual Property to address our adjacent market solution strategy”.

Prof Paul Lever, CEO of Mining3 added: “We believe that partnerships such as this will drive the industry forward, building trust with suppliers by turning vendors into partners. Ava Group’s approach to collaborative innovation with service companies and suppliers is to be commended and we look forward to working with the FFT team to extend the application of their world-class technology beyond the initial solution.”

About 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, biometrics, card access control and locking as well as secure international logistics, storage of high value assets and risk consulting services. 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.

About Mining3

Mining3 is a world-leading research organisation, directed by its global mining industry members to develop and deliver transformational technology to improve the productivity, sustainability, and safety of the mining industry.

Our world-class researchers and engineers develop tangible solutions to industry-identified challenges using both fundamental and applied research, while leveraging our extensive history and acquired knowledge.

By bringing industry and research expertise together, we collaboratively accelerate the delivery of real-world solutions from our research, ensuring they are available to the market as rapidly and effectively as possible.

www.mining3.com

FFT, the market leader in leader fibre optic intrusion detection and location products, is proud to announce the successful supply of its 100^th premium high sensitivity intrusion detection controller by its Indian-based subsidiary, FFT India Pvt. Ltd. In marking the occasion, the company has also taken the opportunity to offer its considerable gratitude to Austrade (The Australian Trade and Investment Commission) for its diplomatic and introductory assistance across a number of vital project tenders.

The occasion has been marked by a cake-cutting ceremony held on 17^th December in the presence of the FFT team and Leonie Muldoon, Senior Trade and Investment Commissioner-South Asia at Austrade. The ceremony also recognised the continued assistance of Austrade – including direct support from the Senior Trade Commissioner herself, who recently took part in face-to-face meetings and championed FFT’s solutions as part of a successful tender.

Sanjay Oberoi, Country Manager – India, for FFT commented, “We are excited and very proud to have reached this considerable milestone in FFT’s penetration of the Indian market. Our high-end controllers provide premium long-range solutions for some of the most demanding and security-conscious installations in the world. This success is in no small part thanks to the continued high levels of support from Austrade, which has whole-heartedly demonstrated its ongoing commitment to assisting Australian manufacturing and development businesses as they trade around the world. We are immensely grateful to the Austrade team for their support.”

Leonie Muldoon at Austrade also commented, “FFT is a great example of an Australian business that is flourishing in the Indian market by providing the very best solutions to its customers. We are proud to assist Australian businesses by leveraging our local relationships and commercial knowledge in markets such as India to ensure there are no unnecessary barriers to effective trade. We congratulate FFT on this impressive landmark achievement.”

Having developed and manufactured fibre optic based sensing systems for security applications since 1994, FFT’s market-leading solutions deliver performance levels and cost advantages unavailable with other sensing technologies. FFT’s fibre optic systems boast long range (up to 80km for perimeter fences or 110km for pipelines, on selected controllers), highly accurate event location, powerful Artificial Intelligence (Ai) Analysis and low installation costs, along with impressive safety and reliability, and seamless integration with third party systems and equipment. FFT’s technology is unique and proven time and again.

FFT India Pvt. Ltd. has traded in India for the last six years, having been registered with the Indian Registrar of Companies on 26th September 2012. It has a locally-based expert team of trained and certified engineers in the country which provide solution design, installation guidance, commissioning, training and on-site technical support (both under warranty and post warranty). The company has so far won over 50,000 kms of intrusion detection for perimeter, NLD backbone and pipeline intrusion detection.

Projects that FFT India Pvt. Ltd. has completed in India include: pipelines, military facilities, refineries, power sub-stations, multinational HQ perimeters and even international country borders. Key sectors in the region also include: air bases (including Indian Air Force, Navy and Army), commercial airports, DRDO laboratories, defense establishments, oil and gas pipelines/assets, the Dedicated Freight Corridor Corporation of India, thermal power generating plants and sub stations.

FFT India Pvt. Ltd. is a wholly owned subsidiary and part of its Australian parent Ava Risk Group Ltd (ASX: AVA), since FFT became part of the new group earlier this year. Being part of Ava Risk Group Ltd has enabled the company to leverage a wider network and more breadth of knowledge and expertise, to fully capitalise on market opportunities and grow its market share in India and other territories around the world.

About 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, storage of high value assets and risk consulting services. 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.

AUCKLAND, Jan. 10 – BQT Solutions, a market leader in high security card and biometric readers and locks, has launched its new Orca weatherproof lock which provides industry-leading strength, unparalleled environmental durability and seamless access control integration for securing gates, roller doors, shipping containers, and any other large door or entryway.

Matthew Nye-Hingston, CTO of BQT Solutions Locking division commented, “Orca is the ultimate weatherproof lock, providing the complete combination of strength, security and convenience in one solution. It encompasses the features found in premium electronic locks, with the physical strength and function required to secure doors of any shape, whatever size.”

Orca lock is the latest generation of roller lock from BQT Solutions, building on an impressive portfolio that includes the YG10 – winner of the SIA New Product Showcase Award in the Lock Systems and Secure Storage Containers category presented at ISC West 2018.

Along with its highly impressive physical attributes, Orca’s ability to integrate into an access control system is what elevates its abilities well beyond anything else on the market. Orca is fully monitored and user-configurable, whilst being impervious to weather or environmental challenges making it perfect for deployment indoors or outdoors.

Orca’s standout features include:

• High Security Performance – With a holding force in excess of 50,000N, 18mm diameter stainless steel bolt pin and reinforced strike design, the Orca lock ensures the most sensitive sites remain protected from even the most vigorous methods of attack.
• Fully Weatherproof – Key features such as an IP67 rated design and built-in heater enable the Orca to withstand extreme weather environments including hot and cold climates, marine and desert conditions.
• Highly Configurable – Orca can be adapted to suit a wide range of application requirements, with user selectable fail safe / fail secure modes and three user selectable control methods.
• Complete Monitoring – Orca can truly become a part of the access control system, with a range of output signals including: bolt locked and unlocked position, door position, and tamper detection.
• Versatile Installation – A symmetrical design means Orca can be installed both horizontally and vertically, giving greater flexibility to installers looking for optimum positioning.
• Low Cost Running – With the heater disabled, Orca offers low current consumption, drawing as little as 30mA in standby and only 300mA in operation at 12VDC.
• Long-term reliability – A high quality low voltage motor is the key to the Orca’s reliability while stainless steel and wear resistant plastic components ensure complete peace of mind for any security operator.

Matthew added, “Orca is the perfect heavy-duty monitored lock for any integrated security solution. Our highly-skilled team in New Zealand has worked hard to ensure we bring a product to the market that we truly believe is the best of its kind. With several exhibitions lined up in the new year we are looking forward to showing more customers how Orca can secure their installations.”

An Ava Group company, BQT Solutions is a specialist in the development, manufacture and supply of high quality, high security card and biometric readers, electromechanical locks and related electronic security products. The company provides a wide range of both off-the-shelf solutions and purpose tailored solutions.

Working with major system integrators, security consultants and end users, BQT Solutions develops tailored access control solutions to fulfil a range of access control requirements. From standalone units to fully integrated enterprise solutions, BQT access control systems are designed to provide maximum security, maximum value – and a migration path to meet present and future needs.

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, storage of high value assets and risk consulting services. 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.