Ava Risk Group (ASX:AVA) has signed a supply agreement with Australian telco giant Telstra (ASX:TLS), establishing a ‘substantial’ opportunity within the telecommunications vertical.
Ava, which has a market capitalisation of $42.20 million, says the Telstra Supply Agreement (TSA) represents a ‘significant’ milestone and is the culmination of 10 months of collaboration, including product trials with Telstra and its customers.
Numerous trials were completed as part of this collaboration, including monitoring Telstra’s urban fibre network in metropolitan Melbourne and its subsea fibre cables in the Port of Darwin.
Ava says the trials demonstrated the ability of its sensing technology to be deployed to Telstra’s existing fibre network to detect events and provide appropriate classification and reporting.
Ava Risk Group Chief Executive Officer Mal Maginnis says the TSA underscores the ‘strength’ of the company’s solutions and is a testament to AVA’s commitment to innovation.
“It clearly demonstrates that our sensing technology, which has evolved from security solutions, can be deployed to multiple applications.
This collaboration cements our position as a trusted supplier, and we look forward to working extensively with Telstra.”
“It clearly demonstrates that our sensing technology, which has evolved from security solutions, can be deployed to multiple applications”
Following today’s (9 February) announcement, Ava Risk Group’s share price spiked 23.46% to $0.20 as of 2pm AEDT.
Ava’s fibre sensing technology provides continual monitoring and asset protection for the network, helping to protect it against potential fibre cable strikes.
The company notes an initial area of commercial focus under the TSA will be on the fibre optic assets of Telstra InfraCo, which is responsible for 250,000km of fibre optic cable, 8,200 mobile towers, 10,000 exchanges, 2 data centres, and access to 400,000km of subsea cable.
Ava Risk Group is a technologies and services provider focused on protecting critical and high-value assets and infrastructure. The company operates 3 business segments — Detect, Access, and Illuminate.
Images: Ava Risk Group