Falanx Group Limited Strategic Contract Win (2462W)
August 17 2020 - 2:00AM
UK Regulatory
TIDMFLX
RNS Number : 2462W
Falanx Group Limited
17 August 2020
FALANX GROUP LIMITED
("Falanx", the "Group" or the "Company")
Strategic Contract Win
Falanx Group Limited (FLX.L), the AIM listed provider of cyber
security and strategic intelligence services, is pleased to
announce that it has been awarded an important contract for the
provision of cyber security services to one of the major suppliers
of services to the UK public sector.
Following the recent launch of Triarii, its new cyber security
platform, the Company has secured this strategically significant
order to supply Triarii to several UK public sector organisations
through a new reseller partnership.
Whilst the immediate recurring revenues are relatively modest at
this stage, these are expected to grow over time. The Triarii
service is a strategic component of the customer's platform and, as
that platform grows in size, revenues are expected to grow
alongside. The opportunity for deployment of additional services,
as and when they arise, will also lead to incremental recurring
revenues from solutions such as the Group's Managed Endpoint
Detection and Response.
Mike Read, CEO of Falanx, commented: "We are delighted to have
won this contract with such a prestigious supplier of services to
the UK public sector. This is an important development as, not only
does this open another potentially significant sales channel, it
also provides further customer validation of Triarii following a
stringent series of trials and technical evaluations. Triarii is
now live and is servicing multiple customers."
Enquiries:
Falanx Group Limited Via IFC
Alex Hambro Chairman
Mike Read CEO
Ian Selby CFO
Stifel Nicolaus Europe Limited,
Nomad and Joint Broker
Alex Price / Fred Walsh + 44 (0) 207 710 7600
Turner Pope Investments (TPI) Limited,
Joint Broker
Andy Thacker/Zoe Alexander +44 (0) 20 3657 0050
IFC Advisory Ltd, Financial PR
& IR
Graham Herring / Zach Cohen +44 (0) 203 934 663
About Falanx
Falanx Group Limited, is a global intelligence and cyber defence
provider working with blue chip and government clients. For more
information: http://www.falanx.com/
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
CNTSFUFMLESSELA
(END) Dow Jones Newswires
August 17, 2020 02:00 ET (06:00 GMT)
Falanx (LSE:FLX)
Historical Stock Chart
From Apr 2024 to May 2024
Falanx (LSE:FLX)
Historical Stock Chart
From May 2023 to May 2024