Wednesday, 6 December 2023
by Earn Media
Risk management tech and services provider Ava Risk Group (ASX:AVA) has signed a 5-year support agreement with Sydney Trains valued at around $500,000.
Ava, which has a market capitalisation of $47.32 million, has been protecting Sydney Trains’ maintenance centres via its perimeter detection technology for more than a decade..
Ava says its technology has helped protect Sydney Trains’ stabling yards and maintenance centres against unauthorised intrusions, theft, and vandalism.
Ava says today’s new agreement further exemplifies the company’ growing recurring revenue base via long-term relationships with key customers.
Chief Executive Officer (CEO) Mal Maginnis says this extended relationship with Sydney Trains is a testament to the company’s ‘market-leading’ solutions.
“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.”
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”
Sydney Trains is a part of the Transport for New South Wales and is the operator of rail services across the metropolitan Sydney area.
Ava Risk Group is an ASX-listed company that provides technologies and services to protect critical and high-value assets and infrastructure. The company operates 3 business segments: detect, access, and illuminate.
Images: Transport for New South Wales