Start » New order from FMV for Advenica encryption products – worth MSEK 19.5

New order from FMV for Advenica encryption products – worth MSEK 19.5

Advenica, the Swedish provider of cybersecurity solutions, has received an order from FMV (The Swedish Defence Materiel Administration) for hardware encrypted VPN products. An agreement worth approximately MSEK 19.5 with delivery Q2 2018.

Advenica is a long-established provider of cybersecurity solutions within National Security, both in Sweden and internationally. The hardware encrypted products are based on Advenica’s patented VPN technology and meet the Swedish Armed Forces’ requirements for communication of TOP SECRET information. They are also approved for encrypted communication to the highest information security level within the EU.

Network encryption enables organisations with national security interests to create encrypted tunnels, Virtual Private Network (VPN), through open networks. These prevent all unauthorised data access and manipulation, which makes it possible to exchange classified information safely.

The order from FMV includes hardware encrypted VPN products. The order value amounts to approximately MSEK 19.5 with delivery Q2 2018.

“Cyber defence plays an increasingly important part for countries’ security in today’s politically volatile world. This requires military-grade solutions to safeguard the most critical information. With quantum secure technology, user-friendliness, exceptional reliability and high assurance, Advenica’s products are unique on the market”, says Einar Lindquist, CEO Advenica AB.

For further information, please contact: Einar Lindquist, CEO Advenica AB, +46 (0)704 29 98 39, einar.lindquist@advenica.com

This information is information that Advenica AB is obligated to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 15.40 p.m. CET on May 09, 2018.

About Advenica

Advenica provides expertise and world-class high assurance cybersecurity solutions for critical data in motion up to Top Secret classification. We enable countries, authorities and companies to raise information security and digitalise responsibly. Founded in 1993, we are EU approved to the highest level of security. Our unique products are designed, developed and manufactured in Sweden. Read more at www.advenica.com

Advenica AB is a publicly traded company listed on Nasdaq First North Premier with the name ADVE. Certified Adviser is Erik Penser Bank, phone +46 (0)8 463 83 00, www.penser.se

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