Advenica receives new development assignment, worth SEK 5.4 million, from FMV

Advenica, the Swedish supplier of cybersecurity solutions, has received a new order from FMV (The Swedish Defence Materiel Administration). The deal is worth MSEK 5.4 and the project will start immediately.

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 communicating information classified up to TOP SECRET. In addition, they are approved for encrypted communication of the highest level of protected information in the EU.

Work on the new assignment will start immediately and is scheduled to be completed by the end of 2021.

"We work with customers whose operations require high-assurance solutions to safeguard the most valuable information. Advenica's expertise and unique competence witin cybersecurity increase information security and contribute to a safer world. We are proud that FMV has once again turned to us to develop new technologies that will be part of and ensure the security of the country" says Heléne Bittmann, VP Sales Sweden.

For further information, please contact:
Heléne Bittmann, VP Sales Advenica AB, +46 (0) 723 85 02 10, helene.bittmann@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 15.35 CET on January 21 2020.

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. Read more 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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About Us

Advenica is a leading European provider of cybersecurity. Advenica offers advanced cybersecurity solutions and services for business-driven information exchange, secure digitalisation and high assurance. For more than 20 years Advenica has, by providing future-safe and sustainable solutions, enabled for organisations and companies to take digital responsibility. Advenica AB is a publicly traded company listed on Nasdaq First North Premier with the name ADVE. Certified Adviser is Erik Penser Bank.

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We work with customers whose operations require high-assurance solutions to safeguard the most valuable information. Advenica's expertise and unique competence witin cybersecurity increase information security and contribute to a safer world. We are proud that FMV has once again turned to us to develop new technologies that will be part of and ensure the security of the country.
Heléne Bittmann, VP Sales Sweden