The agreement will provide the Malaysian client with enhanced situational awareness as their operations expand. The client already has operations in in South-east Asia, South America and West Africa. Advisory Services, the Risk Intelligence consultancy arm, will be supporting their energy projects through bespoke security and voyage risk assessments, as well as via Risk Intelligence's cloud-based tool, the Risk Intelligence System. This critical work will enable the planning, movement and implementation of critical energy infrastructure across the whole spectrum of the energy transition.

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 200,000 DKK per year with impact from Q2 2023.

Jim Pascoe, CCO of Risk Intelligence says:

"Another great win for the Risk Intelligence team. This new client is based in Malaysia but has operations globally which is where we come in. Direct liaison will take place with both our Singapore office, as well as the headquarters in Copenhagen. Their projects range from offshore wind in emerging markets to FPSO operations in more traditional areas. It will be an exciting client to work with as our broad range of expertise will be deployed for full support in the project planning phase, as well as monitoring of the security situation around their valuable infrastructure, once built."

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)