Join our daily newsletter At The Bell to receive exclusive market insights
- Security company AVA Risk Group has been collecting contracts this week, capping off at $716,000 with one more squeezing in this Friday
- The latest contract announced today will have the company’s subsidiary, Future Fiber Technologies, providing its intrusion detecting ‘Ai-2’ product to a project development in the South Pacific Jungle
- Over this week, the company secured other contracted supply agreements to Oil & Gas projects in the Middle Eastern desert and India
Security tech specialists AVA Risk Group has secured a round of contracts this week worth $716,000.
The company’s subsidiary Future Fiber Technologies (FFT) will be supplying its intrusion detecting hardware to oil projects in South Pacific, India and the Middle East.
The company has landed numerous contracts to secure the high-numbered achievement, with the latest announced today to cap off the working week.
“FFT’s fibre optic perimeter intrusion technology has long been used to protect critical infrastructure in the world’s harshest conditions,” said AVA Group CEO Scott Basham.
The FFT intrusion detecting product in the ‘Ai-2’ range was enlisted for South Pacific operations in the jungle.
“Desert or jungle, hot or cold, wet or dry, it is tremendously pleasing to see that FFT products are continually specified as the ‘solutions of choice’ by System Integrators around the globe regardless of the environmental conditions,” said Scott.
Another contract this week is seeing the Ai-2 product brought to a desert environment within the Middle Eastern region.
This unspecified project’s order of the product is currently subject to Australian Federal Government Defence Export Control Office approval. The undisclosed oil site was described as ‘one of the world’s largest oil fields’ by AVA.
“We are thrilled that these globally important, multinational customers, will all be able to experience the benefits and value of Aura Ai-2 first-hand,” he added.
The product supply for contracting in India is for security protection of new oil refinery infrastructure and operational facilities. Like the other contracts, this is for an undisclosed ‘large national Oil & Gas player’.
The Ai-2 product range is capable of high sensitivity detection and accurate location service. The product is commonly used for perimeter monitoring of high-value assets and working projects.
Shares in AVA are unchanged today, staying at 15 cents. The latest market cap for the company is valued at $35.11 million.
