REG - Narf Industries PLC - New Task Order Awards of $1.6 million

Narf IndustriesAnnouncement

22/02/2024 07:00

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RNS Number : 0089E  Narf Industries PLC  22 February 2024

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22 February 2024

 

NARF INDUSTRIES PLC

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

 

New Task Order Awards of $1.6 million

Under Exclusive US Government Omnibus Contract for Cutting-Edge Cybersecurity
Solutions

 

Narf Industries plc (LSE: NARF)(OTCQB: NFIN.F) the cybersecurity group
specialising in high-end threat intelligence and critical infrastructure
security, is pleased to announce that its subsidiary, Narf Industries LLC, has
received new task order awards ("orders") totalling $1.6 million under its
exclusive US Government Omnibus contract vehicle (the "Omnibus Contract").

 

This is a good example of NARF's transition of research into larger US
government system sales. It also highlights NARF's Government Systems and
Solutions ("GS&S) business sector scaling and becoming a significant
contributor to CY24 revenue.

 

 Background On Omnibus Contract and Task Orders

The Omnibus Contract provides US government agencies swift access
to NARF's innovative and unique cybersecurity solutions and services
by significantly streamlining procurement cycles and reducing administrative
complexities. This approach not only enhances efficiency but also amplifies
the US Government's ability to respond swiftly to emerging cybersecurity
threats.

 

Commenting on the new orders, Steve Bassi, CEO of NARF said: "This latest
contract under our exclusive US Government Omnibus Contract represents our
ever growing systems work in supporting current cyber defence operations of
the US government.

 

"With security breaches and targeted cyber-attacks increasing at an
unprecedented rate, NARF's reputation and expertise as a specialist high-end
threat intelligence and critical infrastructure security provider positions us
with a considerable opportunity for growth as we help protect the nation's
critical infrastructure."

 

ENDS

 

For further information visit www.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) (OTCQB: NFIN.F) 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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