Cyba Says Acquisition Target Narf Has Won US Defense Contract
October 29 2021 - 3:11AM
Dow Jones News
By Anthony O. Goriainoff
Cyba PLC said on Friday that acquisition target Narf Industries
LLC and Narf Industries PR LLC won another contract for the U.S.
Defense Department for an undisclosed amount.
The London-listed special purpose acquisition company said
Narf--a company focused on computer-security research--has begun
the research and development phase.
It said Narf expects this to result in additional cybersecurity
software and IP, in which it will have a proprietary interest.
"This new contract win highlights the recent growth trajectory
Narf has been on. We are pleased, but in no way surprised, that
Narf are now able to show traction on all stages of the pipeline,"
Chairman Robert Mitchell said.
Shares at 0735 GMT were flat at 2.05 pence.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
October 29, 2021 03:56 ET (07:56 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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