Ava Risk Group (ASX:AVA) secured a AU$1.1 million contract with Honeywell Middle East Company to supply its fiber-sensing technology to the Abu Dhabi National Oil Company (ADNOC), according to a Thursday filing with the Australian bourse.
Under the deal, the company will deploy its Aura Ai-X distributed acoustic sensing technology to monitor and identify risks to infrastructure in an ADNOC-operated oil and gas field, the filing said.
Shares rose 7% in afternoon trade Thursday.
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