Risk Intelligence A/S signed significant three-year contract extension for the Risk Intelligence System and provides a framework for all other services. Contract extension to 2026 The new three-year contract replaces the previous two-year contract and provides continued access to the Risk Intelligence system, which will provide Saipem with situational awareness for their global operations. The three-year agreement includes renewal of the Risk Intelligence System as well as a framework for a range of bespoke and semi-bespoke reports from Risk Intelligence's Advisory Services, which are not included in the contract value, but will be ordered separately.

The total value of the Risk Intelligence System recurring revenue increases with approx. ?56,000 (417,000) during the 3 year-period. Saipem's solutions have supported in making comprehensive security risk assessments for new commercial initiatives, allowing to take well-informed decisions about projects' specific offshore requirements and operations with a higher degree of security for personnel and assets.

Risk Intelligence has shown to be a very supportive and responsive service provider throughout the period of continued cooperation".