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The latest announcement is out from Ava Risk Group Ltd. ( (AU:AVA) ).
Ava Risk Group Limited has secured a contract with Siemens Limited to supply its Aura Ai-X Distributed Acoustic Sensing technology for a major Australian transport infrastructure project. The contract, valued at $0.8 million, will see the deployment of Ava’s fibre sensing technology to ensure the safe and efficient operation of the infrastructure. The company anticipates additional contract variations worth $0.4 million for system commissioning and associated services. This contract strengthens Ava’s strategic focus on expanding its presence in Australian infrastructure projects and highlights the growing domestic demand for its technology.
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. It operates in three business segments: Detect, Access, and Illuminate. The Detect segment focuses on ‘smart’ fibre optic sensing systems for security and condition monitoring. The Access segment specializes in high-security biometric readers and electronic locking products, while the Illuminate segment develops illuminators, ANPR cameras, and perimeter detectors.
Average Trading Volume: 313,676
Technical Sentiment Signal: Sell
Current Market Cap: A$23.82M
See more data about AVA stock on TipRanks’ Stock Analysis page.