Ava Risk Group (ASX:AVA) Secures A$1.1 Million Contract with Honeywell for Abu Dhabi Oil Field
Contract Details
Ava Risk Group has secured a A$1.1 million contract with Honeywell Middle East to supply its Aura Ai-X Distributed Acoustic Sensing technology to monitor ADNOC’s critical infrastructure in a major Abu Dhabi oil and gas field. The deployment is scheduled for the current quarter with no conditions precedent. This agreement builds on Ava’s longstanding partnership with Honeywell, which has previously involved deploying their technology across multiple Middle Eastern sites.
Executive Comments
CEO Mal Maginnis stated, “We are delighted to continue our long-standing relationship with Honeywell, a major infrastructure partner across the Middle East, Australia, USA and Asia. Partnering with major system integrators is a key growth driver for Ava. This contract further validates our position as the preferred technology provider for critical infrastructure protection in the oil and gas sector and demonstrates trust in our ability to deliver reliable solutions that protect vital national assets.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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