Ava Risk Group Ltd (ASX: AVA), a leader in risk management technology, held its 2024 AGM to present notable achievements and strategic plans. Chairman Kim Larkin emphasized Ava's growth in sensing and risk management technology across its three segments: Detect, Access, and Illuminate. The Detect segment's Aura Ai-X product now supports industries such as telecommunications, border detection, and energy protection. Access segment saw a 48% increase in sales with its Cobalt series locks, aided by a partnership with dormakaba.
The Illuminate segment launched a new wireless LoRa solution, enabling control and security for up to 500 devices without cabling. CEO Mal Maginnis highlighted key partnerships, including Telstra and UGL, which underscore Ava’s technology’s versatility and international appeal. With a stable, scalable cost base and strong gross margins, Ava aims to drive growth through increased sales, recurring revenue, and expanded customer relationships in large addressable markets. Ava’s commercial, scalable structure is positioned for sustainable, profitable growth.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
