12 Month Central Bank Contract and New Customer Wins in the Financial Institutions Sector

What's happened?

AVA Risk Group Limited (ASX: AVA, “Ava”) has been awarded a 12 month contract with a Central Bank for the secure transportation of banknotes which will generate estimated annual revenue of $2.1m.

What are the key highlights?

1. Additional new service agreements also executed with three (3) Commercial Banks, and one (1) other Central Bank.
2. These new agreements have helped increase Ava’s total addressable client spend now in Q4 FY2020 to in excess of $145m, an increase of 26% over the prior period.

For more information, please see the announcement linked below.