New defense order: the second in the last year

SEK 10m in annual order value after ramp-up

A testament to the high quality of Clavister’s technology

Cybersecurity for a national security project within the EU
Clavister announced a new customer engagement today, with an undisclosed customer in the defense sector. The engagement is related to a national security project within the European Union, where Clavister will be providing cybersecurity. Clavister has received an initial order of SEK 3m, which the company believe will increase to at least SEK 10m in annual order value for several years after a ramp-up period of twelve to eighteen months.

Strengthens its position as a European market leader
We find it encouraging to see that Clavister continues to secure partnerships in one of the most demanding environments, national security in a defense context. We think this strengthens the company’s position as a leading player in the European market, while also increasing our confidence in the competitiveness of its technology, on a global level. As one of the few European players that can compete on the global field, we think the company is well positioned to win more orders with European administrations and defense contractors.

Strategic focus on defense is bearing fruit
This is the second large defense order the company has received in the last year that will have a significant impact on revenue in coming years, which to us indicate that management’s strategic initiative to focus on three main industries, defense being one of them, is bearing fruit. Looking ahead, we expect more orders like these to come.

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