From November 7th rns6 Mar 2025 17:11
OVERVIEW
· Continued progress in accelerating the Social Cyber platform towards commercialisation.
· Re-aligned team focused on early concept demonstrations of Social Cyber to drive a joint venture opportunity.
· First Social Cyber contract for $1.3 million announced ahead of schedule (see RNS dated 27 August 2024)
o This contract is helping to support product development.
· Concept demonstrations and first Social Cyber contract win resulting in:
o Engagement with wider group of Government Systems & Solutions ("GS&S") customers and potential for recurring annual revenue.
o Interest amongst major cybersecurity systems integrators and service providers to form a joint venture to commercialise Social Cyber with a more lucrative Software as a Service ("SaaS") revenue model.