Multi-year Support Agreement with Sydney Trains
Released
Released
Announcement PDF
5 December 2023
Ava Risk Group signs multi-year support agreement with Sydney Trains
Ava Risk Group Limited (ASX: AVA) (“Ava Risk Group” or “the Company”) is pleased to advise that it has signed a
five-year support agreement with Sydney Trains valued at approximately A$0.5 million.
Ava Risk Group’s perimeter intrusion detection technology has been protecting Sydney Trains’ maintenance centres
and stabling yards against unauthorised intrusions, theft and vandalism for more than a decade. These sites not
only provide vital storage for critical maintenance equipment, but house much of the city’s rolling stock including
the inter-urban train fleet.
This agreement is a further example of the Company growing its recurring revenue base via long term relationships
with key customers.
Ava Risk Group CEO, Mal Maginnis commented: “We are pleased to extend our relationship with Sydney Trains with
this new support agreement. The long term relationships we enjoy with many of our customers are a testament to
our market leading solutions and our support team who optimise system performance day in, day out. Agreements
of this type are designed to meet the unique needs of each customer and provide assurance that their facilities and
infrastructure are protected to the highest level of operational effectiveness.”
Approved for release by the Board of Directors.
For further information, please contact:
Investor Enquiries
Alexandra Abeyratne
Citadel-MAGNUS
aabeyratne@citadelmagnus.com
+61 438 380 057
About Ava Risk Group
Ava Risk Group is a global leader in providing technologies and services to protect critical and high value assets and
infrastructure. It operates three business segments – Detect, Access and Illuminate. The Detect segment
manufactures and markets ‘smart’ fibre optic sensing systems for security and condition monitoring for a range of
applications including perimeters, pipelines, conveyors, power cables and data networks. Access is a specialist in
the development, manufacture and supply of high security biometric readers, security access control and electronic
locking products. Illumination specialises in the development and manufacture of illuminators, ANPR cameras and
perimeter detectors. Ava Risk Group products and services are trusted by some of the most security conscious
commercial, industrial, military and government clients in the world. www.avariskgroup.com
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