Cellebrite Signs an Over $10 Million Deal with Major West European National Police Force; Marking One of the Largest Digital Intelligence Deals Ever and Further Validating Digital Intelligence as Essential Accelerator for Investigations

Rhea-AI Summary

Cellebrite DI Ltd. (Nasdaq: CLBT) has announced an extended partnership with a European national police force to deploy its Pathfinder solution across multiple sites. This major agreement enhances the police's existing data collection and review capabilities, allowing improved investigative analytics through automated data ingestion and AI-powered analysis. The initiative aims to address the technological skills gap in law enforcement by providing advanced training. Cellebrite's President highlighted that this collaboration will lead to more efficient and ethical investigations.

Positive

• Extended partnership with a European national police force to deploy Pathfinder.
• Enhances existing data collection and review solutions, providing advanced analytics.
• Aims to close the technological skills gap in policing through professional training.

Negative

• None.

The police force will combine Cellebrite’s Pathfinder with existing Cellebrite collect & review solutions to maximize efficiency and resources; also set to provide advanced training

PETAH TIKVA, ISRAEL and TYSONS CORNER, Va., Dec. 12, 2022 (GLOBE NEWSWIRE) -- Cellebrite DI Ltd. (Nasdaq: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, today announced that a European national police force extended its long-term partnership with Cellebrite, resulting in the future deployment of Cellebrite Pathfinder across multiple sites.

This significant agreement should enable the police force to deploy Cellebrite’s industry-leading investigative analytics solution across its entire operations, further cementing Cellebrite Pathfinder as a premier investigative analytics solution. The expansion enhances the national police force’s current suite of Cellebrite collect & review solutions, which is producing vast amounts of data. Moreover, Cellebrite’s automated and secure DI solution enables investigators to collect, review and analyze data in an integrated workflow through optimized workflow streamlining.

Due to the volume of data retrieved, Cellebrite Pathfinder is aimed at providing investigators within this organization with state-of-the-art DI capabilities to accelerate investigations by streamlining the investigative process, automating data ingestion and using advanced artificial intelligence (AI) to analyze and visualize data from mobile, cloud and computer sources.

Cellebrite Pathfinder is aimed at aiding the police force by identifying patterns, revealing connections and uncovering leads with speed and accuracy.

According to the Cellebrite 2022 Industry Trends report, 74% of respondents agree or strongly agree that there is an IT or technological skills gap in policing. As part of the mission to close the public safety gap, Cellebrite will work with the European national police force to provide professional training and support to its investigative team.

Arthur Veinstein, Cellebrite President, International Business, commented: “We are honored to have a long-term customer choosing to continue modernizing its investigative efforts through increased adoption of Cellebrite’s DI solutions. Implementing Pathfinder at the national level should enhance collaboration among the police force’s examiners and investigators, resulting in more efficient, ethical and effective investigations that lead to convictions and exonerations.”

About Cellebrite

Cellebrite’s (Nasdaq: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on Twitter at @Cellebrite.

Caution Regarding Forward Looking Statements

This document includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “will,” “appear,” “approximate,” “foresee,” “might,” “possible,” “potential,” “believe,” “could,” “predict,” “should,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other similar expressions that predict, project or indicate future events or trends or that are not statements of historical matters. Such forward looking statements include estimated financial information. Such forward looking statements with respect to revenues, earnings, performance, strategies, prospects, and other aspects of Cellebrite’s business are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward looking statements. These factors include, but are not limited to: Cellebrite’s ability to keep pace with technological advances and evolving industry standards; Cellebrite’s material dependence on the acceptance of its solutions by law enforcement and government agencies; real or perceived errors, failures, defects or bugs in Cellebrite’s DI solutions; Cellebrite’s failure to maintain the productivity of sales and marketing personnel, including relating to hiring, integrating and retaining personnel; uncertainties regarding the impact of macroeconomic and/or global conditions, including COVID-19 and military actions involving Russia and Ukraine; intense competition in all of Cellebrite’s markets; the inadvertent or deliberate misuse of Cellebrite’s solutions; political and reputational factors related to Cellebrite’s business or operations; risks relating to estimates of market opportunity and forecasts of market growth; Cellebrite’s ability to properly manage its growth; risks associated with Cellebrite’s credit facilities and liquidity; Cellebrite’s reliance on third-party suppliers for certain components, products, or services; challenges associated with large transactions and long sales cycle; risks that Cellebrite’s customers may fail to honor contractual or payment obligations; risks associated with a significant amount of Cellebrite’s business coming from government customers around the world; risks related to Cellebrite’s intellectual property; security vulnerabilities or defects, including cyber-attacks, information technology system breaches, failures or disruptions; the mishandling or perceived mishandling of sensitive or confidential information; the complex and changing regulatory environments relating to Cellebrite’s operations and solutions; the regulatory constraints to which we are subject; risks associated with different corporate governance requirements applicable to Israeli companies and risks associated with being a foreign private issuer and an emerging growth company; market volatility in the price of Cellebrite’s shares; changing tax laws and regulations; risks associated with joint, ventures, partnerships and strategic initiatives; risks associated with Cellebrite’s significant international operations; risks associated with Cellebrite’s failure to comply with anti-corruption, trade compliance, anti-money-laundering and economic sanctions laws and regulations; risks relating to the adequacy of Cellebrite’s existing systems, processes, policies, procedures, internal controls and personnel for Cellebrite’s current and future operations and reporting needs; and other factors, risks and uncertainties set forth in the section titled “Risk Factors” in Cellebrite’s annual report on Form 20-F filed with the SEC on March 29, 2022,as amended on April 14, 2022 and in other documents filed by Cellebrite with the U.S. Securities and Exchange Commission (“SEC”), which are available free of charge at www.sec.gov. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, in this communication or elsewhere. Cellebrite undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

Cellebrite Contacts

Media
Victor Cooper
Public Relations and Corporate Communications Director
Victor.cooper@cellebrite.com
+1 404.804.5910

Investors
Investor Relations
investors@cellebrite.com

FAQ

What is the recent announcement by Cellebrite regarding CLBT stock?

Cellebrite announced an extended partnership with a European national police force to implement its Pathfinder solution across multiple sites.

How will the partnership benefit Cellebrite's operations?

The partnership will enhance the police force's data collection and analytics capabilities, leading to more efficient investigations.

What is the significance of Cellebrite Pathfinder in this partnership?

Cellebrite Pathfinder will streamline investigations using advanced AI to analyze large volumes of data.

What company is CLBT and what do they specialize in?

Cellebrite DI Ltd. specializes in digital intelligence solutions for law enforcement and other sectors.