Sekur Lands $3.4M/Year Quote Request From African Government, With $12M Upside
SWISF has more than doubled off its 52-week low of $0.009 on light trading volume (0.2× avg).
Summary
Sekur received a quotation request from an unnamed African government worth US$3.4 million per year in recurring fees: 1,000 Command bundle licenses at US$1,800 each, 200 SekurOne accounts at US$3,000 each, and at least 200 SekurVPN plus tactical router units at US$5,000 each. A separate on-premises server installation for 2,500 to 5,000 users is under discussion and would add US$6 million to US$12 million per year including hardware and maintenance. Management says talks are at an advanced stage, but the request is not a binding order and the country cannot be named under an NDA. For a company of this size the quoted annual value is large relative to its market cap, so a signed deal would be transformative; the risk is that this stays a quote rather than a contract.
At the time of this announcement, SWISF was trading at $0.02 on OTC in the Technology sector, with a market capitalization of approximately $5.6M. The 52-week trading range was $0.01 to $0.06. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.