AVA.ASX: Supply and Co-Development Agreement with UniKey

Supply and Co-Development Agreement with UniKey

Stock	AVA Risk Group Ltd (AVA.ASX)
Release Time	2 Dec 2025, 9:12 a.m.
Price Sensitive	Yes

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AVA Signs Five-Year Supply & Co-Development Agreement with UniKey

Key Points

Joint development of five new form factors of high-frequency access control readers
Exclusive supply position for BQT in North American market for co-developed readers
BQT retains Rest-of-World distribution rights for new reader range

Full Summary

AVA Risk Group Limited (ASX: AVA) ('Ava Risk Group' or 'the Company') has announced that its Access Control division, BQT Solutions (BQT), has entered into a Master Supply and Services Agreement with UniKey Technologies, Inc. ('UniKey'), a leading U.S. mobile-credential and smart-access technology company headquartered in Orlando, Florida. Under the Agreement, BQT and UniKey will co-develop a new range of NFC/BLE access control readers. The contract provides for minimum purchase commitments by UniKey over a five-year period and it is anticipated to generate revenue for BQT of $4.6 million (US$3.0m). Design work under the contract will commence immediately, with the provision of any equipment under this contract being conditional upon the successful completion of the co-developed readers, expected to occur in H2 FY2026. The Agreement positions BQT as a key hardware partner for UniKey, whose mobile credential platform powers millions of daily unlock events and is embedded in leading smart-home and commercial ecosystems. The co-development program brings together UniKey's mobile credential and NFC/BLE firmware expertise, and BQT's industrial design, hardware engineering, and manufacturing capability. This collaboration accelerates AVA's strategic objective of expanding BQT's product portfolio into next-generation, wallet-enabled, high-frequency readers that meet the rapidly increasing market demand for secure mobile and NFC credentials. The minimum purchase commitments, combined with the territory exclusivity for North America, create a highly predictable revenue stream and strong visibility of future manufacturing volumes.

Guidance

The contract is expected to generate revenue for BQT of $4.6 million (US$3.0m) over the five-year period.

Outlook

The engineering program has commenced, and a product market launch is expected at the ISC West Trade Show in late March 2026.