Ava Risk Group Limited (ASX: AVA), a market leader in the provision of risk management services and technologies, announced today that it has received purchase orders for A$2.2m in respect of the upgrade of security at several military airbases in Asia. This is the first phase of a wider program to enhance security at a number of critical military locations.
Ava Group is proud to announce new enhancements to its market-leading FFT Aura Ai-2 advanced fibre optic detection controller, which offers superior intrusion detection location accuracy together with extended range performance. The system is perfect for monitoring pipelines, perimeters and communications networks.
Future Fibre Technologies (FFT), as part of Ava Group will be presenting its portfolio of security solutions at International Security Expo, stand E74. The expo also hosts a range of certified conferences and workshops covering every major sector of the security industry. Taking place over two days at London Olympia, the event focuses on the needs of government and CNI amongst other key sectors.
Ava Group (ASX: AVA), a market leader in the provision of risk management services and technologies, has announced that an Ava Group Company solution has been selected to protect a major military closed data network from the threat of tampering and tapping. The project to deploy its fibre optic intrusion detection and location solution is valued at around US$11m and asserts Ava Group’s status as a world leader in data network protection.
Ava Group (AVA), a market leader in security risk management technology is pleased to announce it will be exhibiting at GSX, booth 3830. Global Security Exchange (GSX), formerly the Annual Seminar and Exhibits and powered by ASIS claims to be the most comprehensive security event in the world. The event is focused on networking and education with a range of in-show features and a comprehensive conference schedule all taking place at the Las Vegas Convention Center.
Ava Risk Group Limited (ASX: AVA) announced today that a data network security solution developed by its Technology Division has been selected to protect one of the world’s largest closed user group data networks for the exclusive use of more than one million military personnel.
Ava Risk Group Limited (ASX: AVA) (Ava Group or Company) today provides the following market update.
The Ava Group was formed from the takeover of MaxSec Group (MSP) by Future Fibre Technologies Limited (FFT) in December 2017, with the new group name approved at the EGM on 10th May 2018. The group is well placed as a market leader of risk management services and technologies, already trusted by some of the most security conscious commercial, industrial, military and government clients in the world. The Ava Group encompasses Future Fibre Technologies and both MaxSec Group companies – BQT Solutions and Ava Global.
- Net negative operating cash flows of $0.9m
- Cash flow in accordance with expectations due to the anticipated reduction in orders during the holiday period.
- Consolidated cash position of $8.2m, with no debt