Join our daily newsletter At The Bell to receive exclusive market insights
- Ava Risk Group’s (AVA) Aura Ai sensing technology has been chosen for deployment in a contract worth approximately A$1.84 million
- The company’s solutions will be integrated across a multi-site program, to upgrade security at major rail facilities in South America
- Ava Risk Group has already received the first contract purchase order, worth over US$470,000 (roughly A$618,800)
- The company will commence deployment at the first sites, sometime early in the fourth quarter of the 2021 financial year
- Ava Risk Group is up 2.94 per cent and trading at 52 cents per share
Ava Risk Group’s (AVA) Aura Ai sensing technology has been chosen for deployment in a contract worth approximately A$1.84 million.
The company’s solutions will be deployed across a multi-site program, in order to upgrade security at certain major rail facilities in South America. To achieve this, multiple Aura Ai-2 systems will be fully integrated with the client’s existing video management software and CCTV system.
Under the multi-site rail contract award, the security upgrade program will be worth more than US$1.4 million (approximately A$1.84 million) in value to Ava Risk Group.
The company’s CEO, Rob Broomfield, commented on how the company’s solution was successful in being chosen for the multi-site rail contract award.
“FFT Aura Ai-2 was the solution selected to protect the rail sites, due to our exceptional event classification capability, extended sensing distance, and cut resilience capability,” he said.
“A further key factor in the contract win was FFT’s previous success in protecting railway infrastructure and the company’s strong reputation across the broader transportation sector,” he added.
Ava Risk Group has already received the first purchase order under the new contract, which exceeds US$470,000 (roughly A$618,800) in value.
The company will initially deploy its technology at the first sites sometime early in the fourth quarter of the 2021 financial year. The rest of the sites should see deployment of Ava Risk Group solutions towards the later end of the same quarter.
Ava Risk Group is up 2.94 per cent and trading at 52 cents per share at 11:39 am AEDT.
