Argus looks as though they've turned the corner with some very good contracts recently. Bugger all shares relative to what they've achieved and considering their current share price and potential IMO.
Argus Solutions Ltd (ASV) is pleased to inform the market that the Australian
Department of Defence (Defence) has commissioned Argus to expand and upgrade its
existing “Cornerstone” fit, as well as to place product on new sites.
Defence has a diverse installation of Argus Cornerstone applications across a number of
sites, accommodating a wide population from within various divisions of the Department.
Defence continues to be an important customer for Argus given the Company’s flagship
products are used to secure highly sensitive and secure working environments.
The installation of Cornerstone within the Department of Defence represents an
exceptional validation of Argus’ solutions. The close collaboration of Argus with Defence
in order to meet their security and identity needs has meant Argus has developed
products and systems of the highest integrity which can then be applied to businesses
outside of government that require the highest security standards.
The confidential nature of the business means the precise amount of the business
cannot be disclosed.
About Argus Solutions Limited
Argus Solutions Ltd is an Australian listed company focused on identity management
using its proprietary iris recognition software and its state of the art facial recognition
technology. The company sells packaged solutions to its clients such as the military,
government departments and blue chip companies seeking absolute assurance of
identity in its access control functions, and to clients in specialist areas such as hospitals
where controlling the dispensing of controlled substances via careful identity
management is critical.
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