Security company Ava Risk Group (ASX: AVA) has received an order worth $2.4 million from Australia’s Department of Defence for access control technology to be deployed in Defence facilities and bases across the country.
The order was placed with Ava’s BQT Solutions technology division and is pursuant to a contract entered into with the Australian Government, which contains customary terms and conditions of supply.
Ava said the order will be fulfilled at a rapid pace with the first of many batches of the “high-security, custom-encrypted” systems expected to be shipped this month.
According to the company, the entire order is expected to be delivered and recognised as revenue before the end of 2020.
In an announcement today, Ava described the order as “yet another affirmation of the suitability of our world-class products for large-scale programs that require a close working relationship between the manufacturer, installers and end users”.
Ava chief executive officer Scott Basham said the order also reflects the success of the company’s efforts to “focus on winning more strategic program sales with major government agencies and corporate entities around the world”.
“BQT Solutions has had an enduring relationship with our military and has long been a provider of choice for advanced mission-critical technology solutions to protect vital national infrastructure,” he said.
“When you look at the type and nature of the organisations who choose Ava’s technologies, you can immediately tell that we operate at the serious end of the security spectrum,” Mr Basham added.
While the specifics of the order have not been revealed, BQT Solutions’ access control products include smart card and biometric readers and high security modules designed to protect sensitive data with digital encryption.
Ava’s existing military and government clients include India’s Ministry of Defence, as well as some US Government sites and the military of an unnamed South East Asian country.
Ava shares were up 3.45% to $0.15 on the news by early afternoon trade.