Certain information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as applied in the United Kingdom. Upon publication of this Announcement, this information is now considered to be in the public domain.

26 July 2023

Smarttech247 Group PLC

("Smarttech247", the "Group" or the "Company")

New order signed

Smarttech247 signs new three-year order with existing global automotive technology client

Smarttech247 (AIM: S247), a multi-award-winning provider of AI-enhanced cybersecurity services providing automated managed detection and response for a portfolio of international clients, is pleased to announce that it has received an order from a long-standing client, a global, automotive technology company, worth in total c. $3 million over three years.

This order includes the provision and implementation of cutting-edge security intelligence technology to provide enhanced visibility and threat detection, thereby strengthening defence against the increasing threat of cyberattacks. These ever-evolving cyber threats mean that the security and protection of data has become a top priority for businesses.  

Furthermore, this cutting-edge technology will serve as an important element of Smarttech247's comprehensive Managed Detection and Response (MDR) service, VisionX. Once integrated, it will offer clients further security and a unified and proactive security solution. By combining real-time threat monitoring, rapid incident response and advanced analytics, Smarttech247 can assist in strengthening digital resilience and safeguarding, more effectively, the critical assets of the Group's clients.

Raluca Saceanu, Chief Executive Officer of Smarttech247, commented:

"We are delighted that Smarttech247 has been entrusted by our client to further develop our relationship in strengthening its digital infrastructure and safeguarding sensitive information. With the ever-changing cybersecurity landscape, we continue to pioneer new ways to ensure the cyber safety of all existing and new clients.

"By using this new security technology, our customer will receive a higher level of cyber protection and will be empowered to stay one step ahead of cyber threats."

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About Smarttech247

Smarttech247 is a multi-award winning automated MDR (Managed Detection & Response) company. Its platform is trusted by international organisations and provides threat intelligence with managed detection and response to provide actionable insights, 24/7 threat detection, investigation and response. 

The Group's services are geared towards proactive prevention and it achieves this by utilising the latest in cloud, big data analytics and machine learning, along with an experienced incident response team. In recognition of its innovative technology, Smarttech247 was named by Chambers Ireland InBusiness Recognition Awards as Cyber Security Company of the Year 2023.

Smarttech247's offices are located in Ireland, United Kingdom, Romania, Poland and the USA. The Company was admitted to trading on AIM on 15 December 2022.

For further information please visit www.smarttech247.com.