Risk Intelligence A/S signed a major contract across several departments of a European Government. Risk Intelligence has been providing intelligence to the Government's Navy via the Risk Intelligence System for several years, the new agreement sees that provision grow across several departments. Not only is the access for almost twice as many Risk Intelligence System users but it will also be via an API feed which will enable unclassified intelligence fusion across multiple feeds - facilitating faster sharing and wider internal dissemination.

In addition to the System and API several departments have opted for a wide range of reports to enhance their unclassified coverage of maritime trouble spots. The contract will impact ARR from Second Quarter 2024 and will be initially worth around DKK 700,000 per year with growth expected on an annual basis.