Business
Contract
Contract.
About this update from Narf Industries Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7040Q\n CYBA PLC\n 29 October 2021\n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n 29 October 2021\n \n CYBA plc\n \n New Narf R&D Contract\n \n CYBA plc (\"CYBA\" or the \"Company\") is pleased to announce that its acquisition target Narf Industries LLC and Narf Industries PR LLC (together \"Narf\" or the \"Narf Group\") has won another contract (the \"Contract\") for the United States Department of Defense (the \"DoD\"). Narf has begun the R&D phase and expects the effort to result in additional cyber security software and IP in which it will have a proprietary interest.\n \n Narf expects that software and techniques developed under this new contract will progress through Narf's core business model and R&D transition pipeline to join other successful efforts similar to Narf's Threat Intelligence for Grid Recovery product (\"TIGR\"). TIGR is a Power Grid Cyber Security Solution developed for the Defense Advanced Research Projects Agency's (\"DARPA\") Rapid Attack Detection, Isolation and Characterization Systems (\"RADICS\") program, which concluded in 2021 with a public budget of more than $139M USD. Narf is spearheading TIGR's transition to the commercial market of 55,000 electric grid substations in the US alone that require advanced cyber security defenses.\n \n The Contract is in addition to the one announced by Cyba on 8 June 2021 for DARPA's Hybrid AI Exploration Social Code Program. Narf's 'Social Cyber' effort leverages AI and advanced analytics to ensure the integrity of open source software platforms which underpin large portions of the DoD, public clouds, and technology platform infrastructure. Early R&D has been promising and Narf has already begun a product roadmap and use case studies in expectation of commercialising its early R&D results.\n \n A summary on Narf was included in the Company's Listing Prospectus (Page 24) which can be found at the Company's webpage, https://cybaplc.com/investor-relations/cor...