RCS - Brandshield Systems - Contract Win

Brandshield SystemsAnnouncement

10/02/2022 07:00

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RNS Number : 2244B  Brandshield Systems PLC  10 February 2022

10 February 2022

 

BrandShield Systems plc

 

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

 

Contract Win

 

BrandShield secures mandate with leading global electronics

brand, alongside additional new business momentum

 

BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity
solutions for digital brand protection, is pleased to announce that it has
secured a new business mandate to support one of the world's largest
international consumer electronics brands ('the Client').

 

The new contract will see the Company provide its solutions to detect and
prevent online fraud, protecting the Client from illicit trade and
unauthorised online sales, a critical threat to companies and brands following
the proliferation of e-commerce in recent years.

 

BrandShield will leverage its unique capabilities within the brand oriented
digital risk protection space to identify unauthorised traders and mitigate
these disruptive online activities, enabling the Client's online services to
function efficiently. The Client's online activity will be bolstered by
BrandShield's highly automated SaaS offering, which detects and eradicates
online threats, mitigating their impact on customers to considerably enhance
user experience.

 

With e-commerce becoming an integral activity for consumer brands of all sizes
and across a wide range of sectors, BrandShield has already signed a number of
new customer mandates across 2022.  This strong customer traction for
BrandShield's innovative software offers robust protection against
cybercriminals and illegal online traders attempting to adversely affect
companies' financial performances and endanger existing relationships with
stakeholders.

 

Yoav Keren, Chief Executive Officer of BrandShield, commented:

 

"This win, alongside additional customer momentum, further demonstrates that
BrandShield is becoming the go-to choice for reputable global companies
targeting advanced protection from a host of constantly evolving digital
threats.

 

"Once again, BrandShield has been entrusted with safeguarding a brand's
customer relationships, which is testament to our expert technology team which
has played a key role in developing our state-of-the-art cybersecurity
solutions. This is one amongst several new deals that have closed already this
year and we have a very exciting pipeline of new opportunities on the
horizon."

 

 

Enquiries:

 

 BrandShield Systems plc                              +44 (0)20 3143 8300

 Yoav Keren, CEO

 Spark Advisory Partners Limited (Nominated Adviser)  +44 (0)20 3368 3554

 Neil Baldwin / Andrew Emmott / James Keeshan

 Shore Capital (Joint Broker)                         +44 (0)20 7408 4090

 Toby Gibbs / James Thomas (Corporate Advisory)

 Henry Willcocks (Corporate Broking)

 Tennyson Securities (Joint Broker)                   +44 (0)20 3368 3554

 Peter Krens

 Vigo Consulting (Financial Public Relations)         +44 (0)20 7390 0237

 Jeremy Garcia / Antonia Pollock / Kendall Hill

 brandshield@vigoconsulting.com

 

About BrandShield

BrandShield is a leading cybersecurity company founded in Israel by
cybersecurity experts that protect the world's largest brands and consumers
from phishing attacks, online fraud, and other online threats posed by
dangerous cybercriminals. Through its AI/ML platform, BrandShield identifies,
tracks, and eliminates online threats for global brands and organizations,
including Bristol Myers Squibb, Levi's, NewBalance, Swisscom, and the
Pharmaceutical Security Institute. BrandShield is quoted on the London Stock
Exchange AIM under ticker symbol BRSD. To learn more about BrandShield, please
visit the company website at www.BrandShield.com (http://www.BrandShield.com)
.

 

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