Ava Risk Group (ASX:AVA) lands UGL contract for Sydney transport fibre optic system

Ava Risk Group secured a contract from engineering, construction and maintenance company UGL (ASX:UGL) to install its fibre optic sensing systems on a major Sydney transport project.

The deal, slated for implementation in 2024, is worth between $2 million and $3 million.

The initiative will leverage Ava Risk Group's Aura Ai-X technology, a data-driven fibre sensing system featuring embedded deep learning for superior performance.

The contract encompasses two years of ongoing support services post-implementation.