New Task Order Awards of $1.6 million

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

22 February 2024

NARF INDUSTRIES PLC

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

New Task Order Awards of $1.6 million

Under Exclusive US Government Omnibus Contract for Cutting-Edge Cybersecurity Solutions

Narf Industries plc (LSE: NARF)(OTCQB: NFIN.F) the cybersecurity group specialising in high-end threat intelligence and critical infrastructure security, is pleased to announce that its subsidiary, Narf Industries LLC, has received new task order awards ("orders") totalling $1.6 million under its exclusive US Government Omnibus contract vehicle (the "Omnibus Contract").  

This is a good example of NARF's transition of research into larger US government system sales. It also highlights NARF's Government Systems and Solutions ("GS&S) business sector scaling and becoming a significant contributor to CY24 revenue.

 Background On Omnibus Contract and Task Orders

The Omnibus Contract provides US government agencies swift access to NARF's innovative and unique cybersecurity solutions and services by significantly streamlining procurement cycles and reducing administrative complexities. This approach not only enhances efficiency but also amplifies the US Government's ability to respond swiftly to emerging cybersecurity threats.

Commenting on the new orders, Steve Bassi, CEO of NARF said: "This latest contract under our exclusive US Government Omnibus Contract represents our ever growing systems work in supporting current cyber defence operations of the US government.

"With security breaches and targeted cyber-attacks increasing at an unprecedented rate, NARF's reputation and expertise as a specialist high-end threat intelligence and critical infrastructure security provider positions us with a considerable opportunity for growth as we help protect the nation's critical infrastructure."

ENDS

For further information visit www.narfgroup.com or contact:

About NARF Industries plc

Narf Industries (LSE: NARF) (OTCQB: NFIN.F) is a US based leading provider of cybersecurity research, solutions, and services to government entities. With a steadfast commitment to protecting national security and critical infrastructure, it offers comprehensive expertise in addressing the evolving cyber threats faced by its clients.