REG - Narf Industries PLC - c.$500k contract win for US DOE Program

Narf IndustriesAnnouncement

08/04/2024 07:00

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RNS Number : 5357J  Narf Industries PLC  08 April 2024

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8 April 2024

Narf INDUSTRIES PLC

("NARF", the "Company", or the "Group")

 

c.$500k contract win for US Department of Energy Program

 

Select team introducing new cybersecurity tools focused on energy
infrastructure

 

Narf Industries plc (LSE: Narf), the cybersecurity group specialising in
high-end threat intelligence and critical infrastructure security, is pleased
to announce that it has won a circa $500k contract having been selected by the
US Department of Energy (DOE) Office of Cybersecurity Energy Security and
Emergency Response (CESER) to join a select team focused on fortifying the
nation's critical infrastructure.

 

Known as DISCOVER (Digital Twin Security and Code Verification), CESER's
three-year project aims to introduce new cybersecurity tools to reduce risks
and strengthen resilience of energy infrastructure including the power grid,
utilities, pipelines, and renewable energy sources. DISCOVER's digital twin
approach will allow the team to analyse and evaluate updates to software and
firmware before they are deployed to actual devices in power systems, using
advanced techniques like hybrid static-dynamic analysis, fuzzing, and anomaly
detection to ensure security and functionality.

 

Led by New York University (NYU) Tandon School Engineering, the team includes
NARF, Con Edison, University of Illinois at Urbana-Champaign, and Pennsylvania
State University. NARF's integral role in the project is to define a market
transition path for DISCOVER to make the technology available to a broad set
of utilities and asset owners with a wide variety of constraints and use
cases.

 

Michael E. Locasto, VP, Government Research and Development of NARF said:
"There is a tremendous opportunity to help amplify the impact of hard-pressed
cyber defenders of OT systems across multiple energy sectors. One critical
function is to rapidly analyse systems prior to deployment to derive
cybersecurity behaviour baselines so that we can collectively have more trust
in the operation of these devices under attack and knowledgeably and rapidly
respond to active attacks like ransomware with confidence."

 

 

Steve Bassi, CEO of NARF said: "While NARF will receive circa 10% of the
three-year $4.8 million grant, our biggest win is being chosen to be part of
such an illustrious team that leverages our previous DOE contract Tracking
Real-time Anomalies in Power Systems (TRAPS).  These activities, along with
an earlier announced collaboration with MITRE to develop a new threat model
(RNS dated 18 December 2023), is part of NARF's Government Research and
Development Business Sector strategy to synergistically leverage multiple
projects to drive innovative research into larger scale commercially viable
solutions and contracts.

 

"These exciting initiatives aimed at mitigating risks and enhancing the
resilience of critical energy infrastructure will employ cutting-edge
methodologies designed by world leaders to assess software and firmware
updates prior to their integration into real-world devices within power
systems."

 

ENDS

 

For further information visit https://narfgroup.com/ (https://narfgroup.com/)
or contact:

 

 Narf Industries plc         John Herring      jh@narfgroup.com
 Joint Broker                Simon Bridges     Tel: +44 (0) 207 523 8000

 Canaccord Genuity Limited   Harry Rees
 Joint Broker                Peter Krens       Tel: +44 (0)207 186 9030

 Tennyson Securities plc
 Financial PR, UK            Paul Dulieu       narf@stbridespartners.co.uk

 St Brides Partners          Isabel de Salis

About NARF Industries plc

Narf Industries (LSE: NARF) is a US based leading provider of cybersecurity
research, solutions, and services to government entities. With a steadfast
commitment to protecting national security and critical infrastructure, it
offers comprehensive expertise in addressing the evolving cyber threats faced
by its clients.

 

 

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