Dec 18 (Reuters) - Ava Risk Group Ltd AVA.AX :
* HAS RECEIVED AND ACCEPTED A PURCHASE ORDER FOR US$11.9M OF LICENCING INCOME FROM ITS MANUFACTURING PARTNER, SFO TECHNOLOGIES PRIVATE LTD
* EXPECTS TO RECOGNISE REVENUE (LICENCING INCOME) FOR THIS PROJECT OF CIRCA A$1.5M IN CURRENT QUARTER Q2 FY2020
* EXPECTS REMAINING A$16M IN IMOD REVENUES TO BE RECOGNISED IN CY2020.
* ANTICIPATES ADDITIONAL REVENUES WILL FOLLOW FROM A SUBSEQUENT 7-YEAR SPARES AND MAINTENANCE CONTRACT FOR THIS PROJECT
* RECEIVED A US$2.1M BANK GUARANTEE FROM SFO AS SECURITY FOR SFO PAYMENT OBLIGATIONS TO AVA UNDER CONTRACT