- Ava Risk Group (AVA) secures a contract with a leading conveyor system manufacturer for the supply and installation of its Aura IQ solution
- The order is for roughly €200,000 (A$297,908) with customs approval and delivery expected to be finalised by the end of July
- This is Ava’s first commercial order of its Aura IQ solution and follows the completion of multiple proof of value trials on mine sites
- Aura IQ provides continuous information on the state of conveyor roller bearings to reduce downtime and the risk of major damage from failed roller bearings
- Shares in Ava are down 3.70 per cent and were trading at 26 cents at 10:57 am AEST
Ava Risk Group (AVA) has secured a contract with a leading conveyor system manufacturer for the supply and installation of its Aura IQ solution.
The order is for roughly €200,000 (A$297,908) with customs approval and delivery expected to be finalised by the end of July.
This is Ava’s first commercial order of its Aura IQ solution and follows the completion of multiple proof of value trials on mine sites.
Aura IQ provides continuous information on the state of conveyor roller bearings to reduce downtime and the risk of major damage from failed roller bearings.
It provides significant improvements over existing conveyor belt detection methods which are usually manual and unable to provide continuous monitoring of the conveyor.
“We are excited to receive the first commercial order for Aura IQ, our world-leading fibre optic technology, which is the culmination of extensive product development efforts over a number of years,” CEO Rob Broomfield said.
“In addition, securing the contract with a global conveyor manufacturer really validates the effectiveness of the solution and we continue to develop Aura IQ to expand its deployment into other applications.”
Shares in Ava were down 3.70 per cent and were trading at 26 cents at 10:57 am AEST.