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Home » Swedish authority uses option, worth SEK 13.7 million, from a previous agreement with Advenica

Swedish authority uses option, worth SEK 13.7 million, from a previous agreement with Advenica

Advenica has received an order regarding an option for continued new development of crypto products – an option that has been used by the Swedish authority that placed the original order. This original order came on June 28, 2021 and more information can be found in the press release from Advenica from this day.

Advenica is a well-established and trusted supplier of cybersecurity solutions both in Sweden and internationally. The solutions are based on Advenica's patented technology and meet the authority's requirements for being able to communicate information that is classified up to TOP SECRET. In addition, they are approved for encrypted communication of the highest level of information worthy of protection in the EU.

An option regarding new development of crypto products has now been used by a Swedish authority, the same authority that placed the original order in June (see Advenica's press release from 28/6 2021). Work on the new order that the option entails will begin immediately and will be delivered during the last quarter of 2023 and the first quarter of 2024.

"We are proud of the continued trust from this customer. Advenica works with several customers whose operations require security solutions at the absolute highest level to protect the most sensitive information. Our products thus contribute to a safer society and a safer world" says Marie Bengtsson, CEO Advenica.

For further information, please contact:
Marie Bengtsson, CEO Advenica AB, +46 (0) 703 860 032 marie.bengtsson@advenica.com

The information was submitted for publication, through the agency of the contact person set out above, at 14.10 CET on November 7th, 2023.

About Advenica

Advenica’s expertise helps countries, authorities, companies and organisations protect the most important digital information. Our well-proven and trusted cybersecurity solutions isolate networks physically while connecting data securely. Since the start in 1993, we design, develop and manufacture all crypto and segmentation products in Sweden to ensure high assurance. Read about our unique technology and its EU and national approvals at the highest security level at www.advenica.com

Advenica AB is a publicly traded company listed on Nasdaq First North Premier Growth with the name ADVE. Certified Adviser is Redeye AB,  www.redeye.se

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