Ava Risk Group team members at Intersec Event. Source: AVA Group/Twitter.
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Ava Risk Group (AVA) will deploy its new Aura Ai-X fibre optic sensing technology to enhance security at a select group of European airports
  • The contracts are for Satu Mare and Sibiu Airports in Romania, along with another Western European hub
  • The total value is approximately US$500,000 (A$800,000)
  • The software is planned for delivery during Q1 FY24
  • AVA shares last traded at 18.5 cents

Ava Risk Group (AVA) has been chosen to deploy its new Aura Ai-X fibre optic sensing technology to enhance security at a select group of European airports.

The contracts for Satu Mare and Sibiu Airports in Romania, along with another Western European hub, have a total value of approximately US$500,000 (A$800,000).

AVA will provide detection software and equipment, along with a five-year contract for software upgrades and support.

Delivery is expected in Q1 FY24.

“Securing these contracts is a vote of confidence in what we believe to be the most advanced perimeter intrusion detection technology on the market,” AVA CEO Mal Maginnis said.

“We are confident that Aura Ai-X will fast become the solution of choice for the smart protection of critical infrastructure worldwide.”

The company’s software incorporates an embedded deep-learning engine to enhance system performance by referencing algorithm upgrades supported by the company’s global data library.

AVA shares last traded at 18.5 cents.

AVA by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX Ltd drops on ASIC $150M raise request; iron ore offsets gold bounceback

Good Afternoon and welcome to Market Close for Monday of Week 51, I’m Jon Davidson.
HotCopper Daily Market Trends Graphic

Monday’s HotCopper trends: Winsome, 4D Medical, and other daily topics | Dec 15

With more than seven million users on the HotCopper forums, every discussion and speculation can move Australian markets, which is why getting out in front
A dirt road running through the Antimony Canyon project in Utah.

American Tungsten and Antimony leaves ‘Trigg’ name behind to start next era (and set fresh focus)

American Tungsten and Antimony has entered a new era, leaving the name "Trigg Minerals" behind to…
The Market Online Video

How to manage money on the average Aussie income

This week on Money and Investing, Mitch Olarenshaw and I break down how to manage money on the average Australian income, using practical