Likely related to a new weapon system, software only
Clavister announced today that it has been selected as a supplier of cybersecurity technology to a major European defence company. This is a new customer for Clavister that is part of a multi-national group that develops and manufactures a wide range of defence systems used by several armed forces around the world. Clavister has not disclosed who the new partner is. So far, the partnership only involves one newly developed system in which Clavister's CyberArmour technology is integrated, but we understand that the partner has many other systems where cybersecurity could be relevant in the future. After discussions with management, we understand that Clavister will deliver software plus support services (no hardware). We think the system is unlikely to be a vehicle, and more likely to be some kind of weapon system (so the customer is most likely not Thales or General Dynamics, which Clavister already has announced agreements with).
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