NARF Industries PLC on Friday said it has signed a research & development contract with the US government’s Defense Advanced Research Projects Agency.
Shares in the US-focused cybersecurity provider, formerly known as CYBA, were up 3.7% to 1.40 pence each in London on Friday morning.
NARF Industries said the R&D contract, won by subsidiary NARF Industries LLC, is worth $6.3 million and will begin immediately.
The contract falls under DAPRA’s Hardening Development Toolchains Against Emergent Execution Engines program.
‘Narf will own and have sole responsibility for commercialising the Intellectual Property rights arising from the R&D work. The US government will retain ’right of use’ access on normal commercial terms,’ the company explained.
NARF expects results from the contract to start by the end of 2023.
The contract is NARF’s third specific DAPRA programme which it has been involved with in the last 18 months. The company noted that the first two resulted in its Safedocs and Ranger products moving closer to commercialisation.
Chief Executive Steve Bassi said: ‘This is the largest single R&D contract in NARF’s history. Whilst it may be too early to be definitive on the eventual commercial potential of product(s) spun out of the R&D work, we are anticipating it to be substantial. We will know more as the program develops.’
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