Risk Intelligence A/S announced that the company has signed a license agreement with the high value cargo owner for the Risk Intelligence System (LandRisk Logistics) and a project development agreement that will significantly enhance company oversight and coordination of Logistics Service Providers (LSPs). With the additional development agreement, Risk Intelligence, and the client, will work together to develop an oversight tool as an enhancement to the existing LandRisk Logistics module. This will enable the client to maintain an overview of the routes and truck parking areas selected by their contracted LSPs.

It also provides LSPs access to LandRisk Logistics when planning and monitoring logistics routes for the client's shipments. Importantly, the new tool will provide a common operating picture for the client and their contracted LSPs streamlining communication and workflows whilst promoting a joint understanding of the security threats on the agreed logistics routes. In the wider perspective this oversight tool also provides value for other cargo owners especially those manufacturing high value goods and those employing large fleets of contracted LSPs.

LandRisk Logistics and the new oversight tool also enable organizations to monitor individual business units internally and can aid with compliance to client minimum standards and industry best practice. The value of the contract is DKK 387,000 and will impact ARR from second quarter 2024.