Ava Risk Group Secures Major Contracts and Provides Operational Update.

Ava Risk Group Limited (ASX: AVA) has announced multiple contracts across key industry segments, highlighting the deployment of its Aura Ai-X intrusion detection technology. Two significant contracts, valued at AU$0.9 million, were secured for perimeter security at major airports in San Diego, USA, and Dubai, UAE, marking a milestone in the company's airport security initiatives. The Dubai contract involves upgrading legacy FFT products, showcasing the success of Ava’s upgrade program.

Additionally, a AU$1.9 million contract was awarded for the deployment of Aura Ai-X at an eastern European border, replacing competitor technology and emphasizing its market-leading capabilities. The equipment for all contracts is expected to be delivered in H1 FY2025.Ava Group CEO Mal Maginnis expressed confidence in achieving H1 FY2025 revenue guidance of AU$16.5-AU$17.5 million, emphasizing growing sales momentum. The company also announced the resignation of Executive Vice President James Viscardi, with regional sales now reporting directly to the CEO.

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