Ava Risk Group Ltd - Australian Deptartment of Defence Order for $2.4m
Ava Risk Group Ltd (ASX:AVA)

Australian Deptartment of Defence Order for $2.4m


What's happened?

AVA Risk Group Limited (ASX: AVA, “Ava”) has provided an update in respect to a material order received today (6th May 2020) from the Australian Department of Defence (AU DoD).

What are the key highlights?

  1. The $2.4m order is for Ava’s BQT Solutions in respect to high-security, custom encrypted, access control technology, for deployment across Defence facilities and bases located all around Australia.
  2. Fulfilment of the order will progress rapidly, with the first of many batches of systems expected to be shipped in May 20.
  3. It follows a contract entered into with the Australia Governement which contains the customary terms and conditions of supply.

CEO's Summary

Scott Basham

"Receiving this order today from the Department of Defence for our BQT Solutions access control technology is excellent news. BQT Solutions has had an enduring relationship with the our military, and has long been a provider of choice for advanced mission-critical technology solutions to protect vital national infrastructure. This order also reflects the success of our efforts to focus on wining more strategic program sales with major government agencies and corporate entities all around the world. When you look at the type and nature of the organisations who choose Ava’s technologies, you can immediately tell that we operate at the serious end of the security spectrum."

Scott Basham
CEO, Ava Risk Group Ltd

Download Announcement

View this announcement as well as our full profile on the company.

How do I invest?

Considering investing in Ava Risk Group Ltd?
Here's how to get started.
Low Cost Brokerage ASX Cheapest ASX Trading Platform
  1. 1

    Create account

    Open an account with an online broker of your choice. If you do not have an existing broker, consider Mawson Graham's A$9.50 flat fee platform.

    Sign up now »
  2. 2

    Search for ASX:AVA

    On your online investment platform search for the stock ticker code ASX:AVA to bring up the company's shares.

  3. 3

    Buy shares

    Place your order however you wish. If you need advice on buying or selling, you should seek the assistance of a full service financial adviser experienced in small cap equities.