Ava Risk Group Limited has secured a contract for the supply and installation of its leading Aura IQ conveyor monitoring solution. The solution is being deployed at Ferroport, Brazil, a joint venture between Anglo American and Prumo Logistica which is responsible for the operation of an iron ore terminal at the Port of Acu. The order represents another significant strategic milestone in the execution of the Go-To-Market strategy for Aura IQ, the Company's condition monitoring solution for conveyor applications.

The contract value is USD 0.3 million. It will be installed with a fire detection solution, highlighting the benefit of the fire detection integration work Ava completed during fiscal year 2022. Installation is expected to occur during the first half of calendar year 2023.

Aura IQ is built on Ava's Aura fibre optic sensing platform and provides continuous real-time information on the state of wear on conveyor roller bearings, reducing downtime and the risk of major damage from failed roller bearings and improving operational safety.