AVA Conforms the Successful Delivery of First 200 System 

  • Jan 09, 2020 AEDT
  • Team Kalkine

Ava Risk Group Limited (ASX: AVA) has provided an update related to the large-scale supply of FFT’s SecureLink technology to safeguard data communications cables for the Indian Ministry of Defence.

The company during December 2019 received & accepted a purchase order for $17.5 million of licencing income from its in-country manufacturing partner, SFO Technologies Private Limited (SFO) and received $3.1 million in the form of Bank Guarantee from SFO as security.

The first batch of 600 system started on 18 December 2019 and SFO has completed the FAT for the first 200 systems and its delivery was completed before December 2019 end. The production of next 200 system is expected to be delivered in January 2020 and remaining 200 in February 2020.

 

 

 

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