Logistics And Frieght Forwarding

MaxSec Group’s logistics division adds three new clients

The company’s shares were last trading 15% higher intraday, at £0.023. Ava Global is a new business division of MaxSec, providing international secure logistics of high value cargo on a fully insured door to door basis. The division is now fully operational across 6 continents.

The combined total annual logistics spend of Ava’s foundation client base is estimated to be in excess of £18 million. MaxSec primarily operates in the access control market, offering security products including smart card readers, biometric readers and electronic locking products. The market for cards and readers, biometric controllers and management software is expected to reach US£10.4 billion by 2020, growing at a CAGR of 10.6% between 2014 and 2020.

MaxSec recently introduced new biometric software products to the market and increased the features of its existing products.

The company’s revenue for the year ended 30 June 2016 was £4.3 million.

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