WhiteHawk Limited announced Option Year 1 renewal of Federal Cyber Risk Radar contract. Further to the ASX Announcement dated 28 July 2020, Option Year 1 of 4 Option Year Cyber Risk Radar Contract has been signed with the U.S. Federal Government CISO for USD 608,000, with option for additional USD 505,000. The exercise of the first-year option by the U.S. Federal Government endorses the capability and value of WhiteHawk's Cyber Risk Radar product line. WhiteHawk Cyber Risk Scorecards are provided quarterly, virtually and remotely, for 150 to 300 vendors to this US Federal Government Chief Information Security Officer, via an integrated risk management dashboard. This annual Software as a Service (SaaS) contract with WhiteHawk has three remaining option years with the potential to generate revenues of USD 2 million and up to an additional USD 1.753 million, for a total of USD 3.753 million over the remaining three option years of the contract. Cyber Risk Radar is an annual SaaS subscription service developed and integrated by WhiteHawk consisting of quarterly services that include Cyber Risk Scorecards, Cyber Risk Portfolio Reports, and ongoing conversations with a professional Cyber Analyst to include: Risk Research and discovery: Collect, analyze, and correlate publicly available data into actionable intelligence. Continuous Monitoring and Alerts: Understand an organizations security performance and be alerted to impactful changes. Focused Analytics: Perform deep dives in the areas that need focus rather than the entire dataset. Ecosystem Maps: Visualize the enterprise by understanding the supplier and vendor interconnections. Risk Prioritization & Mitigation: Prioritize mitigation and business actions based on levels for impact and performance. Integration Into a Centralized Risk Management Dashboard: Continuous situational awareness, tracking, mitigation and management of the SCRM/VRM program. Portfolio Assessments: Understand an organization's portfolio of all suppliers and vendors.