Risk Intelligence A/S (“Risk Intelligence” or “the Company”) announces today that the company has signed an agreement with Teekay Shipping Limited (“Teekay”) for the Risk Intelligence System (MaRisk+PortRisk).

Teekay operates a sizeable fleet of vessels, including some of the most technologically advanced LNG carriers at sea today. They are committed to providing outstanding ship management and marine services, with safety and security as key pillars of their successful maritime operation.

Hans Tino Hansen, CEO of Risk Intelligence says:

“We know Teekay has a strong focus on security for their crew, vessels and the situational awareness required to deliver this, and we are therefore proud that they have selected Risk Intelligence as a partner to assist them to do their global threat and risk assessments. It is a testimony to the strength of our offering and our company that we have been able to secure this agreement. It is also a sign that our business is picking up again with several additional new clients in the pipeline”.

With access to the Risk Intelligence System, Teekay will be joining many other shipping companies, operating word-wide, that are assessing security threats and risks based on intelligence and in-depth assessments from Risk Intelligence. Today, 14.7% of the global merchant fleet in international traffic is operated by Risk Intelligence clients.

The Risk Intelligence System

The license agreement provide access to the Risk Intelligence System (MaRisk+PortRisk) through a subscription where the client in advance pays for access to the system for twelve months. In general, the Risk Intelligence System license agreements create recurring revenue and generates strong cash flow for the Company.

The Risk Intelligence System is a digital security intelligence solution that has been developed in close collaboration with global businesses established in the fields of shipping, offshore, oil and gas. The digital platform has been designed based on customer needs along with the experienced security risk analysts and developers at Risk Intelligence. The Risk Intelligence System offers customers a complete picture of immediate, short- and medium-term security risks for coastal areas, ocean, port and landside threats. The analysis is focused on insurgency, piracy, organised crime, activism, terrorism, military conflicts and any the interplay between these. Risk Intelligence identifies where serious events arise and presents an assessment of how great the threat is in each area. This makes it possible for companies to evaluate both current and future security risks with the purpose of minimising risks affecting their operations.

The parties have agreed not to disclose the value of the contract.