The agreement will provide the Norwegian client with enhanced situational awareness as their operations expand to new areas, supporting renewable and traditional energy projects - via Risk Intelligence's cloud-based tool. Risk Intelligence will also provide bespoke port security assessments, area threat assessments and voyage risk assessments, ensuring that the operator has access to the most up to date intelligence - keeping crew and vessels safe, as well as informing commercial bids on security dynamics and concerns.

The parties have agreed to not to disclose the name of the client, but it is expected annual revenue will be at a level of 250,000 DKK per year with impact from Q2 2023.

Jim Pascoe, CCO of Risk Intelligence says:

"We serve a strong cohort of offshore operators, and it's great news to welcome our new Norwegian client to this group. The diverse range of operations they undertake expose them to geographical areas they have not operated in before, and that's where we come in, giving them access to up-to-date intelligence as well as access to the technical expertise in our consulting arm - we cover the whole spectrum from project feasibility through to situational awareness during execution."

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 15.4% 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.

For more information on services and the Risk Intelligence System:
Please watch our corporate video:Knowing Risk (https://riskintelligence.eu/about-risk-intelligence)