Leading Singapore Law Enforcement Agency Awards Cellebrite with $14 Million Agreement for Cellebrite’s advanced extraction solution

Rhea-AI Summary

Cellebrite (Nasdaq: CLBT) has secured a significant five-year agreement with a national police agency in Singapore. This partnership will utilize Cellebrite’s Premium collect & review solution to expedite the lawful collection of digital evidence, strengthening their commitment to enhancing public safety. The engagement includes advanced extraction solutions and immediate access to Cellebrite's Advanced Services team. Arthur Veinstein, President of Cellebrite International, expressed confidence in the company's ability to assist the agency in its digital transformation journey, reinforcing Cellebrite's position as an industry leader in Digital Intelligence solutions.

Positive

• Secured a five-year contract with a national police agency in Singapore.
• Partnership to expedite lawful collection of digital evidence.
• Provides advanced extraction solutions and immediate access to Advanced Services team.

Negative

• None.

PETAH TIKVA, Israel and TYSONS CORNER, Va., Jan. 23, 2023 (GLOBE NEWSWIRE) -- Cellebrite (Nasdaq: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, today announced a five-year agreement with a national police agency in Singapore, which will use Cellebrite’s collect & review solution, Premium, to help lawfully expedite collection of digital evidence.

The 5-year contract creates a strong partnership between the customer and Cellebrite, enabling us to be a closely integrated partner, both in the areas of knowledge and competencies development, and in the technology space associated with top-tiered digital investigations and intelligence.

This engagement is also notable due to Cellebrite equipping the agency with the most advanced extraction solution and direct and immediate access to Cellebrite’s Advanced Services team

“We are thrilled to partner with this large law enforcement agency and progress our joint mission to enhance public safety and build safer communities," said Arthur Veinstein, President, Cellebrite International. “This contract is a true testament to Cellebrite being an industry leader. I am confident that our DI solutions will help our customer in its digital transformation journey.”

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 https://twitter.com/Cellebrite.

Media

Victor Cooper
Public Relations and Corporate Communications Director
+1 404 804 5910
Victor.cooper@cellebrite.com

Investors

Investor Relations
investors@cellebrite.com

FAQ

What is the significance of Cellebrite's contract with the Singapore police agency?

Cellebrite's five-year contract will enhance the agency's digital evidence collection capabilities, solidifying its role in public safety.

How does Cellebrite's Premium solution benefit law enforcement?

The Premium solution helps law enforcement agencies expedite the lawful collection and review of digital evidence.

What are the terms of the agreement between Cellebrite and the Singapore police?

The agreement spans five years, focusing on the integration of advanced extraction solutions and support services.

What are the potential implications of the partnership for Cellebrite's stock (CLBT)?

This partnership may enhance Cellebrite's market position and could positively influence investor confidence in its stock.