Falanx Group Limited Contract Wins (1142E)

TIDMFLX

RNS Number : 1142E

Falanx Group Limited

07 February 2018

Falanx Group Limited

("Falanx" or "the Company")

Contract Wins

Falanx (AIM:FLX), the global intelligence, security and cyber defence provider, announces multi-year contract wins.

International Contract Win

The Board is pleased to announce a new MidGARD service contract with a total revenue value of GBP700,000. An award-winning UK Top 20 International law firm has signed a 3-year managed service contract with Falanx to deliver advanced security monitoring of its entire global estate.

The Chief Information Security Officer (CISO) of the firm said "we are delighted to sign up to the MidGARD service. We believe we're disrupting the traditional approach to security in the legal sector with regard to information security. Falanx was set apart from their competitors because of their market leading technology and business partnering approach."

Contract Expansion

The Board is also pleased to announce a newly awarded 3-year managed Cyber Security service contract. This contract is an expansion of the existing estate of a valued client resulting in its value growing from GBP250,000, to generate more than GBP380,000 of revenues.

Mike Read, Chairman and CEO, commented:

"I am delighted to report the continuing sales momentum of our highly regarded MidGARD service, further enhancing visibility of recurring revenues over the next three years. Our pipeline of similar opportunities continues to grow and I look forward to announcing further contracts in the near future"

Enquiries:

 
 Falanx Group Limited           www.falanx.com 
  Mike Read, Chairman and 
  CEO 
-----------------------------  ---------------------- 
 SPARK Advisory Partners 
  Limited 
  Nominated Adviser 
  Matt Davis / James Keeshan    +44 (0) 203 368 3551 
 
 Turner Pope Investments 
  (TPI) Ltd 
  Joint-Broker 
  Andy Thacker 
                                +44 (0) 203 621 4120 
  Beaufort Securities 
  Joint-Broker 
  Elliot Hance 
                                 +44 (0) 207 382 8300 
  IFC Advisory Ltd 
  Financial PR & IR 
  Graham Herring 
  Miles Nolan                    +44 (0) 203 934 6630

About Falanx

Falanx Group Limited, is a global intelligence and cyber defence provider working with blue chip and government clients. The Group listed on AIM in June 2013 under ticker FLX For more information: http://www.falanxgroup.com/

MAR

This announcement contains inside information for purposes of Article 7 of Regulation (EU) No 596/2014

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 07, 2018 02:00 ET (07:00 GMT)

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