Business
$0.35m Contract Win
$0.35m Contract Win.
About this update from Genip Plc
[{"type":"text","content":"\n\n\n \n \n20 March 2025 \n \nGenIP Plc\n(\"GenIP\" or the \"Company\")\n \n$0.35m Contract Win\n \nGenIP Plc, a technology business providing Generative Artificial Intelligence (GenAI) services to help research organisations and corporations commercialise their innovations, is pleased to announce it has secured a significant contract worth $0.35m with a new client, a research organisation in Saudi Arabia (the \"Client\").\n \nThe contract commences immediately and covers the delivery of 400 GenAI-enhanced analytical assessments and additional technology commercialisation consulting services.\n \nAnalytical assessment revenue will be recognised upon report production by GenIP and delivery to the Client.\n \nMelissa Cruz, CEO of GenIP, commented:\n \n\"We are delighted to announce this contract with a new client based in the Kingdom of Saudi Arabia. This agreement highlights the expanding range of services GenIP offers to global research organizations looking to accelerate the commercialization of their technological discoveries. We look forward to continuing to deliver value to our clients and will provide updates on significant developments as they arise.\"\n \nFor further information regarding GenIP, please visit www.genip.ai, or contact:\n \n\n\n\n\nGenIP Plc\nMelissa Cruz, CEO \n\n\n\n\n\nVia Redchurch Communications\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBeaumont Cornish Limited (Nominated Adviser)\nRoland Cornish / Asia Szusciak / Andrew Price\n \n \n\n\n\n\n\nTel: +44 (0) 20 7628 3396\n \n\n\n\n\nNovum Securities Limited (Broker) \nJon Belliss\n\n\n \n\n\nTel: +44 (0)20 7399 9425\[email protected]\n \n \n\n\n\n\nRedchurch Communications (Financial PR)\nJohn Casey\n \n \n\n\n\n\n\[email protected]\n \n\n\n\n\nThe information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.\n \nBeaumont Cornish Limited (\"Beaumont Cornish\") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Comp...