Business
New Task Order Awards of $1.2 million
New Task Order Awards of $1.2 million.
About this update from Narf Industries Plc
[{"type":"text","content":"\n\nTHIS 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 UNION (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 \n4 September 2023\n \nNARF INDUSTRIES PLC\n(\"NARF\", the \"Company\", or the \"Group\")\n \nNew Task Order\n Awards of $1.2 million Under\nExclusive US Government Omnibus Contract for Cutting-Edge Cybersecurity Solutions\n \nNarf Industries plc (LSE: NARF)(OTCQB: NFIN.F) the cybersecurity group specialising in high-end threat intelligence and critical infrastructure security is pleased to announce that its subsidiary, Narf Industries LLC, has received new task order awards (\"orders\") totaling $1.2 million under its exclusive US Government Omnibus contract vehicle (the \"Omnibus Contract\"). This brings awards under the first 10 months of the Omnibus Contract to $2.6 million.\n \nHighlights\n● Expanding demand for NARF's innovative Government Solutions and Services (\"GS&S\")\n● Omnibus Contract enables swift access to NARF's unique and distinctive GS&S capabilities\n● GS&S expected to become a significant contributor to NARF's revenue in 2023 and future growth\n \nBackground On Omnibus Contract and Task Orders\nThe Omnibus Contract, which was recently renewed for five years, provides US government agencies swift access to NARF's innovative and unique cybersecurity solutions and services by significantly streamlining procurement cycles and reducing administrative complexities.\nOne of the contract's key features is that it allows US government agencies to seamlessly place orders for the prompt deployment of NARF's specialised cyber security software and work by eliminating repetitive contract award administration and evaluations. This approach not only enhances efficiency but also amplifies the US government's ability to respond swiftly to emerging cyber security threats.\nCommenting on the new orders, Steve Bassi, CEO of NARF said: \"Our successful track record of providing small, innovative and quick delivery solutions earned NAR...