this is a great achievement. strong contracts, giving us alot confidence for AVA future.
for US$11.9m (A$17.5m) of licencing income from its in-country manufacturing partner, SFO
Technologies Private Limited (SFO) and has received a US$2.1m (A$3.1m) Bank Guarantee from
SFO as security for SFO payment obligations to Ava under the contract.
As a result Ava confirms that it expects to recognise revenue (licencing income) of circa A$1.5m in
Q2.
massive order is all in place for me.
Ann: Indian MOD update First 200 Systems Delivered, page-3
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