Risk Intelligence A/S signs 5-year contract for the Risk Intelligence System with the U.S. Navy Naval Information Warfare Center

Aerial of the USS Kearsarge (LHD 3) seen underway with ships from the Kearsarge Amphibious Ready Group and the Swedish navy in the Baltic Sea. Image: US Navy / flickr.

28 September 2022 | Company announcement No 14-2022

Risk Intelligence A/S (“Risk Intelligence”) announces today that the company has signed a 5-year API license agreement for the Risk Intelligence System (MaRisk+PortRisk) with the U.S. Navy Naval Information Warfare Center (NIWC) with a total contract value for the 5-year period of 1,701,716 USD.

The Risk Intelligence maritime security data is integrated through an API into a U.S. Navy Maritime Domain Awareness (MDA) software suite used by the U.S. Navy and other parts of the U.S. defence.
The 5-year contract follows annual contracts for the license periods 2018/2019 to 2021/2022 and will include 2022/2023 to and including 2026/2027. The contract will be invoiced annually in Q3 and initially with 262,690 USD in Q3 2022. 

The Naval Information Warfare Center Pacific is based in San Diego, is the United States Navy technical authority and acquisition command for C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance), business information technology and space systems. It provides technological and engineering support critical to information warfare for the U.S. Navy, as well as for Marine Corps, Air Force, Army and Coast Guard programs. 

CEO Hans Tino Hansen:

“I am pleased that we can announce the signing of a 5-year contract with the U.S. Naval Information Warfare Center of a total value of 1,701,716 USD. This is a very significant contract for Risk Intelligence and the extension from one-year contracts to a five-year contract further proves that Risk Intelligence provides high quality maritime security intelligence analysis to the U.S. Navy and U.S. Defense. The contract also provides a solid foundation for further development of our government business with delivery of the Risk Intelligence System intelligence analysis via API.” 

The contract will not change the guidance for 2022. 

About Risk Intelligence

Risk Intelligence is a security risk intelligence provider delivering security threat and risk analysis to clients all over the world via the cloud-based Risk Intelligence System, as well as consulting services. A large part of Risk Intelligence’s clients is maritime, and these clients currently operate more than 15.4% of the global merchant fleet.

With its headquarters in Hellerup (Copenhagen), Denmark, an office in Singapore, and locations in North America, the dedicated staff of Risk Intelligence works in all major time zones to support their clients’ operations. Since 2018, the company has been listed on the Spotlight Stock Exchange in Stockholm.

The Risk Intelligence System is a digital security intelligence solution developed in close collaboration with global businesses that are established within the fields of shipping, offshore, oil and gas. The digital solution is designed based on insights directly from customers and their needs as well as Risk Intelligence’s experienced security risk analysts and developers’ knowledge of intelligence and assessment needs.

The Risk Intelligence System offers clients 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 interplay between these. Risk Intelligence identifies where serious events arise and presents an assessment of how great the threat is in each area, while at the same time providing 24/7/365 situational awareness with incident reports and alerts. This enables companies to evaluate both current and future security risks in real time and to minimise risks across their operations.

For more information on services and the Risk Intelligence System:
Please watch our corporate video: Knowing Risk

This information is information that Risk Intelligence A/S is obliged 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 below, on 28 September 2022. 

For further information about Risk Intelligence, please contact:
Hans Tino Hansen, CEO
Jens Krøis, CFO
Jim Pascoe, CCO
Telephone: +45 7026 6230
E-mail: investor@riskintelligence.eu

Website and social media:

Website:           riskintelligence.eu
Investor site:   investor.riskintelligence.eu
Twitter:             twitter.com/riskstaff
LinkedIn:          linkedin.com/company/risk-intelligence
Facebook:        facebook.com/riskstaff