Ava Risk Group (ASX:AVA) has announced that its latest generation Aura Ai-X intrusion detection technology has been selected for three electricity substations on the East Coast of the United States.
This builds on the company’s recent successes in providing intrusion detection technology to critical energy infrastructure in North America, where the demand for its products has increased.
The company offers a range of solutions providing technologies and services to protect critical and high-value assets and infrastructure.
“With increasing attacks on substations across the US, implementing security technology to protect infrastructure from vandalism, suspicious activity, and physical attacks has become a key priority for power authorities,” Ava Risk Group CEO Mal Maginnis said.
“We’re pleased that our intrusion detection technology has again been selected to protect these substations and are confident that our footprint in this market will continue to grow as new sites are added to the power grid.”
The contract, valued at over A$0.7 million, has been awarded by Johnson Controls Inc., the system integrator for the substation projects, and involves the immediate supply of detection equipment to sites.
The stocks shares have jumped on the announcement so far this morning, as investors responded positively to Ava Risk Group’s aim to grow its presence in the global market.
The ongoing demand for its ‘Detect’ solutions in the US power sector highlights operators’ efforts to combat physical attacks on critical infrastructure and mitigate service disruptions.
AVA last traded at 12 cents, at 11:30am AEST.
