Advenica receives order worth MSEK 19.2 with an option for an additional MSEK 40 from a Swedish authority

Advenica, the Swedish provider of cybersecurity solutions, has received a new order from a Swedish authority. The order is worth MSEK 19.2 and is part of an agreement regarding new development of crypto products. The agreement includes an option for further development to a value of approximately MSEK 40.

28 Jun 2021

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 valuable information in the EU.

A new order regarding development of new crypto products has been received from a Swedish authority. In addition, an option for further development within the same product area is included. Work on the new order will begin immediately and will be delivered continuously until the spring of 2024.

We are extremely pleased with the continued trust and long-term cooperation with this customer. Advenica works with customers whose business requires high-assurance solutions to safeguard the most valuable information. With the help of our products, customers can increase their information security and contribute to a safer world says Marie Bengtsson, CEO.

For further information, please contact:
Marie Bengtsson, CEO 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 12.05 CET on June 28th, 2021.

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. Advenica has offices in Malmö, Stockholm, Helsinki and Vienna.