Q3 2022 Update - Replacement

RNS Number : 2152F

Brandshield Systems PLC

03 November 2022

 

The following amendment has been made to the 'Q3 2022 Update' announcement released on 3 November 2022 at 700 am under RNS No 1324F.

The 1st sentence of the 2nd bullet was inadvertently omitted in the original version.

All other details remain unchanged.

The full amended text is shown below.

3 November 2022

BrandShield Systems plc

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

Q3 2022 Update

172 customers by Q3 2022 end, continuing strong customer traction

BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity solutions for brand oriented digital risk protection, is pleased to announce that the Company has continued its strong business momentum across Q3 2022, underpinned by key customer wins across multiple sectors' geographies.

Key highlights include:

· Expanded US footprint : a key territory for the Group, BrandShield secured several new contracts with companies across the healthcare, consumer products and media spaces, among others.

· Increased international presence : BrandShield continued its expansion into different territories, and entered Ireland, a new geography. The Group partnered with a health and pharmaceutical company based in the country, demonstrating BrandShield's global reach and the ever-expanding demand for cybersecurity protection worldwide.

· Strengthened portfolio of clients operating in the financial services sector:   in Q3 2022, the Group secured eight new mandates with financial services companies. BrandShield's brand oriented digital risk protection solutions are fast becoming critical in a sector with considerable exposure to a broad range of cyberthreats.

· Expanded food and drink presence : BrandShield agreed contracts with leading global food and beverage companies. With Criminal counterfeiters and fraudsters a growing threat to the food and drink industry, BrandShield continues to monitor potential growth opportunities in the sector.

By the end of Q3 2022, the Group had increased client numbers to 172, from 153 at the end of H1 2022, deploying its highly automated SaaS operating model to monitor, identify, and eradicate a number of cyberthreats impacting the performance and security of brands, from social media impersonations to potentially harmful phishing attacks. BrandShield remains well positioned to add to its already robust portfolio of clients, with cybercrime a fast-growing concern for businesses worldwide and threat actors increasingly targeting a wider range of sectors.

Yoav Keren, Chief Executive Officer of BrandShield, commented:

"BrandShield's unique capabilities and cutting-edge technology, developed and enhanced by our team of highly skilled employees, has accelerated our growth, enabling the Company to become a go-to provider of choice for digital risk protection, as reflected by the number of customer mandates secured in Q3 2022.

"We are developing an enviable portfolio of clients to continue our mission of safeguarding brands from various online threats which are heavily disrupting the daily operations of businesses globally, and we look forward to providing shareholders with further updates on significant business activities".

Enquiries:

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

About BrandShield

Brandshield is a provider of cybersecurity solutions from brand protection to online threat hunting. BrandShield detects online threats and takes them down. The Company's client base is a growing list of organisations including Fortune 500 and FTSE100 companies. By utilising AI and big-data analysis, BrandShield monitors, detects, and removes online threats facing companies. These threats include social phishing, executive impersonation, fraud, brand abuse, and counterfeits.

 

END

 

 

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