Ava Risk Group Secures A$1.1 Million Contract with Honeywell for ADNOC Project

An update from Ava Risk Group Ltd. ( (AU:AVA) ) is now available.

Ava Risk Group has secured a contract valued at A$1.1 million with Honeywell Middle East Company Ltd-AD to supply its Aura Ai-X Distributed Acoustic Sensing technology to the Abu Dhabi National Oil Company (ADNOC). This contract, which will be delivered in the current quarter, strengthens Ava’s long-standing relationship with Honeywell and underscores its position as a preferred technology provider for critical infrastructure protection in the oil and gas sector. The deployment of this technology will help monitor and identify risks to critical infrastructure across a major oil and gas field operated by ADNOC, further demonstrating trust in Ava’s reliable solutions.

The most recent analyst rating on (AU:AVA) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on Ava Risk Group Ltd. stock, see the AU:AVA Stock Forecast page.

More about Ava Risk Group Ltd.

Ava Risk Group is a global leader in providing technologies and services to protect critical and high-value assets and infrastructure. The company operates in three business segments: Detect, Access, and Illuminate. The Detect segment focuses on manufacturing and marketing smart fibre optic sensing systems for security and condition monitoring across various applications. The Access segment specializes in high-security biometric readers, security access control, and electronic locking products. The Illuminate segment develops and manufactures illuminators, ANPR cameras, and perimeter detectors. Ava Risk Group’s products and services are trusted by security-conscious commercial, industrial, military, and government clients worldwide.

Average Trading Volume: 236,259

Technical Sentiment Signal: Sell

Current Market Cap: A$27.59M

See more data about AVA stock on TipRanks’ Stock Analysis page.