Contract Win

RNS Number : 2244B

Brandshield Systems PLC

10 February 2022

 

10 February 2022

BrandShield Systems plc

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

Contract Win

BrandShield secures mandate with leading global electronics

brand, alongside additional new business momentum

BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity solutions for digital brand protection, is pleased to announce that it has secured a new business mandate to support one of the world's largest international consumer electronics brands ('the Client'). 

The new contract will see the Company provide its solutions to detect and prevent online fraud, protecting the Client from illicit trade and unauthorised online sales, a critical threat to companies and brands following the proliferation of e-commerce in recent years.

BrandShield will leverage its unique capabilities within the brand oriented digital risk protection space to identify unauthorised traders and mitigate these disruptive online activities, enabling the Client's online services to function efficiently. The Client's online activity will be bolstered by BrandShield's highly automated SaaS offering, which detects and eradicates online threats, mitigating their impact on customers to considerably enhance user experience.

With e-commerce becoming an integral activity for consumer brands of all sizes and across a wide range of sectors, BrandShield has already signed a number of new customer mandates across 2022.  This strong customer traction for BrandShield's innovative software offers robust protection against cybercriminals and illegal online traders attempting to adversely affect companies' financial performances and endanger existing relationships with stakeholders.

Yoav Keren, Chief Executive Officer of BrandShield, commented:

"This win, alongside additional customer momentum, further demonstrates that BrandShield is becoming the go-to choice for reputable global companies targeting advanced protection from a host of constantly evolving digital threats.

"Once again, BrandShield has been entrusted with safeguarding a brand's customer relationships, which is testament to our expert technology team which has played a key role in developing our state-of-the-art cybersecurity solutions. This is one amongst several new deals that have closed already this year and we have a very exciting pipeline of new opportunities on the horizon."

Enquiries:

BrandShield Systems plc Yoav Keren, CEO	[phone]
Spark Advisory Partners Limited (Nominated Adviser) Neil Baldwin / Andrew Emmott / James Keeshan	[phone]
Shore Capital (J oint Broker) Toby Gibbs / James Thomas (Corporate Advisory) Henry Willcocks (Corporate Broking)	[phone]
Tennyson Securities (Joint Broker) Peter Krens	[phone]
Vigo Consulting (Financial Public Relations) Jeremy Garcia / Antonia Pollock / Kendall Hill [e-mail]	[phone]

About BrandShield

BrandShield is a leading cybersecurity company founded in Israel by cybersecurity experts that protect the world's largest brands and consumers from phishing attacks, online fraud, and other online threats posed by dangerous cybercriminals. Through its AI/ML platform, BrandShield identifies, tracks, and eliminates online threats for global brands and organizations, including Bristol Myers Squibb, Levi's, NewBalance, Swisscom, and the Pharmaceutical Security Institute. BrandShield is quoted on the London Stock Exchange AIM under ticker symbol BRSD. To learn more about BrandShield, please visit the company website at   www.BrandShield.com .

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