28 May 2020

Risk Intelligence A/S (“Risk Intelligence”) announces today they have signed an agreement with a major UK based ship management company for the Risk Intelligence System (MaRisk+PortRisk) increasing the annual recurring revenue.

Hans Tino Hansen, CEO of Risk Intelligence says:

“We know the ship management company has a strong focus on security for their crew, vessels and operations and are therefore proud that they have selected Risk Intelligence as their partner to assist them to do their global threat and risk assessments.

It is also important for us that we have been able to secure this agreement during an otherwise challenging period and we already know that more new clients are signing during the next month. From a Risk Intelligence perspective, we are pleased to see that companies are still prioritising timely, reliable and actionable intelligence to keep their crews and vessels operating in these volatile and uncertain times.”

With access to the Risk Intelligence System, the Company, will be joining many other shipping companies, operating word-wide, that are assessing security threats and risks based on intelligence and in-depth assessments from Risk Intelligence. Today, 14.7% of the global merchant fleet in international traffic is operated by Risk Intelligence clients.

The Risk Intelligence System

The license agreement provides access to the Risk Intelligence System (MaRisk+PortRisk) through a subscription where the client in advance pays for access to the system for twelve months. In general, the Risk Intelligence System license agreements create recurring revenue and generates strong cash flow for the Company.

The Risk Intelligence System is a digital security intelligence solution that has been developed in close collaboration with global businesses established in the fields of shipping, offshore, oil and gas. The digital platform has been designed based on customer needs along with the experienced security risk analysts and developers at Risk Intelligence. The Risk Intelligence System offers customers a complete picture of immediate, short- and medium-term security risks for coastal areas, ocean, port and landside threats. The analysis is focused on insurgency, piracy, organised crime, activism, terrorism, military conflicts and any the interplay between these. Risk Intelligence identifies where serious events arise and presents an assessment of how great the threat is in each area. This makes it possible for companies to evaluate both current and future security risks with the purpose of minimising risks affecting their operations.

Further information about Risk Intelligence:

Risk Intelligence Corporate video

For more information about Risk Intelligence, contact:

Hans Tino Hansen, CEO
Jens Krøis, CFO

Telephone: +45 7026 6230
E-mail: investor@riskintelligence.eu