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European authority places order worth MSEK 5.9 on Advenica's crypto products

Advenica has received an order from a European authority regarding adaptation and delivery of VPN equipment. The order is worth MSEK 5.9 and will be delivered during 2020.

05 May 2020

Advenica is a long-established and well trusted supplier of cybersecurity solutions to defense customers, both in Sweden and internationally. The encryption products are based on Advenica's patented technology and meet the authority's requirements for communicating information classified as TOP SECRET. In addition, they are approved for encrypted communication of the highest level of protected information in the EU.

The order from the European authority concerns adaptation and delivery of VPN products, with continuous delivery during 2020.

"We work with customers whose operations require high-assurance solutions to safeguard their most valuable information. Advenica's products have futureproof technology, are user-friendly with exceptional reliability and includes high assurance technology. With our solutions, customers can take their digital responsibility - and at the same time contribute to a safer world" says Marie Bengtsson, CEO.

For further information, please contact:
Marie Bengtsson, VD Advenica AB, +46 (0) 703 860 032

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 08.50 CET on May 5th, 2020.