Avante Jumps 23% as Target Park Group Selects Its MAST System to Provide Real-Time Security
Avante (XX.V) on Monday said Target Park Group, a commercial parking operator with over 700 locations across Canada and the US, picked Avante's mobile automated surveillance tower (MAST) platform to deliver real-time security for its above-ground parking portfolio.MAST is designed for remote and high-risk environments. It is powered by solar energy with generator backup and provides autonomous surveillance and real-time threat detection."This agreement with Target Park reflects exactly the kind of partnership MAST was built for. We are not simply providing security, we are laying the groundwork for a smarter, technology-enabled operation. The ability to begin with a security mandate and evolve into automated parking services is a compelling demonstration of MAST's scalability and the recurring value it can deliver to operators like Target Park," chief executive Emmanuel Mounouchos said in a release.Avante shares were last seen up 23% to $1.58 on the TSX Venture Exchange.Price: $1.58, Change: $+0.30, Percent Change: +23.44%
