AVA secures contract to supply detection systems in Abu Dhabi
Key points
- Contract valued at A$1.1 million
- Deployment of Aura Ai-X Distributed Acoustic Sensing technology
- To monitor and identify risks to critical infrastructure in major oil and gas field
Full summary
AVA Risk Group Limited (ASX: AVA) has secured a contract with Honeywell Middle East Company Ltd-AD for the supply of its Aura Ai-X Distributed Acoustic Sensing technology to the Abu Dhabi National Oil Company (ADNOC). The contract, valued at A$1.1 million, will see the deployment of AVA's technology to monitor and identify risks to critical infrastructure across a major oil and gas field operated by ADNOC. Delivery will occur in the current quarter, and there are no conditions precedent. This contract builds upon a long and trusted relationship between AVA and Honeywell, who have previously deployed AVA's technology across multiple sites in the Middle East. AVA Group CEO Mal Maginnis commented that the contract further validates AVA's position as the preferred technology provider for critical infrastructure protection in the oil and gas sector and demonstrates trust in the company's ability to deliver reliable solutions that protect vital national assets.
Summary generated by a large language model. Please interpret with care.