FirstWave Cloud Technology Limited provided further information about a significant contract with Microsoft signed by Opmantek Limited shortly before its acquisition by FirstWave, as discussed in the Company's Second Quarter FY22 Quarterly shareholder update on 9 February 2022. FirstWave has in place an agreement with Microsoft to monitor and secure the global technology giant's Internet of Things (IoT) devices. During Third Quarter FY22, Microsoft will roll out FirstWave's technology to an initial tranche of 20,000 devices to be enabled on the IoT management platform, with scope to significantly increase over time.

The agreement will see FirstWave deploy its proprietary technology across Microsoft's IoT network, enhancing its security practices and increasing network visibility to manage cybersecurity risk and minimise outages. The agreement with Microsoft leverages a new capability FirstWave enabled following its recent acquisition of Opmantek. The secure IoT management product is currently being integrated into FirstWave's proprietary CyberCision Platform and rolled out initially to the North American market.