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archTIS (ASX:AR9) - CEO & Executive Director, Daniel Lai - The Market Herald
CEO & Executive Director, Daniel Lai
Source: SecurityBrief
  • Tech company archTIS (AR9) has renewed two contracts with the Federal Government, worth more than $400,000
  • The two contracts are for a national security agency and national law enforcement agency
  • Under the contracts, archITIS provide software maintenance of support service to the two agencies
  • The contract renewals come after the company also sold its security platform Kojensi to Northrop Grumman for its test pilot with Curtin University
  • Shares in archTIS are trading down 5.56 per cent at 17 cents each

Tech company archTIS (AR9) has successfully renewed two contracts with the Australian Government, worth more than $400,000 combined.

One of the renewals relates to a national security agency and see's the tech company provide maintenance and support services for its own Kojensi platform.

Kojensi is essentially a security platform which allows users to share and collaborate on classified or sensitive information.

The second contract renewal relates to a national law agency, where archTIS will also provide support services.

The tech company has welcomed the renewals and says they show the 'continued value' of software services to the Commonwealth.

ÔÇťarchTIS is pleased by the renewals, which demonstrate that
our services are valued by the national security and law enforcement communities," CEO Daniel Lai said.

"We look forward to continuing to support such crucial services and building further on these opportunities as awareness of the importance of strong cybersecurity grows, particularly in other large enterprises that also manage and share sensitive commercial information," he added.

Today's announcement comes as archTIS sold its Kojensi platform to Northrop Grumman to use in its pilot with Curtin University.

Non-government organisations are seen as an emerging sales channel by the tech company.

Despite today's good news, shares in archTIS are trading down 5.56 per cent at 17 cents each at 3.24 pm AEST.


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