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Swedish authority utilises option, worth MSEK 38.4 from previous agreement with Advenica

Advenica has been informed that an option for more new development of crypto products has been utilised by the Swedish authority that placed the original order. The order came on June 28th 2021, and in the press release from Advenica from this day, you could also read about the option.  

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 utilised 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 then be delivered continuously until the spring 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 safeguard the information most worthy of protection. With the help of our products, customers can increase information security and thus contribute to a safer world” says Marie Bengtsson, CEO Advenica.

For further information, please contact:
Marie Bengtsson, VD Advenica AB, +46 (0) 703 860 032 marie.bengtsson@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 15.15 CET on December 17, 2021.

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 Erik Penser Bank, phone +46 (0)8 463 83 00, www.penser.se, email: certifiedadviser@penser.se

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