Risk Intelligence A/S: Risk Intelligence signs agreement with a major windfarm installation vessel operator

Risk Intelligence has signed an agreement with a leading company who specialise in operating vessels which build, maintain and decommission offshore windfarms. These specialist vessels are seeing wider geographical demand as the appetite for energy transition grows - this provides security challenges which Risk Intelligence will be supporting them in mitigating.

The growth in the renewable sector also means they have a growing fleet, being driven by both acquisition and new builds. Risk Intelligence's experienced consultants are working with the company's marine department to ensure their ISPS requirements are met, providing input in the form of security surveys and mitigation advice - helping the company's team develop exceptional Ships Security Plans.

Jim Pascoe, CCO, Risk Intelligence says:

"It's great to be working with a truly cutting-edge company, the vessels they have coming online, and the project book make for a very exciting upcoming period. We are uniquely placed to support our new client with consultant expertise in the ISPS requirements for the new-build vessels as well as our analysts supporting the project security plans. In addition to the bespoke support, they will also enjoy the situational awareness provided by the new Risk Intelligence maritime intelligence system."

The Risk Intelligence System license will impact ARR from Q2 2024, while the consultancy work will impact revenue in 2024, 2025 and 2026.

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 15.7% 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.

Disclaimer:

Risk Intelligence typically uses press releases to announce new clients or significant expansions of existing client contracts, in accordance with the wishes of those clients. However, there may be other business deals that Risk Intelligence chooses not to or cannot disclose through press releases. All deals classified as MAR will always be announced through press releases.