Route1 wins US$20 million NMSO contract from Canadian Government


Canadian security and identity based services company Route1 (TSX VENTURE:ROI) said it has secured a National Master Standing Offer (NMSO) contract from Public Works and Government Services Canada (PWGSC), enabling government agencies and departments to buy up to USD 20 million worth of Route1’s products and services over a 3 year period.


The range of the products and services that Route1 has been pre-approved to supply includes MobiKEY devices, TruOFFICE and other MobiNET subscription based services, which would allow government employees to work from home without running the risk of data leakage.


Both TruOFFICE and MobiKEY have been in use by various federal departments for the same purpose.


An NMSO contract allows the purchase of products and services for a predetermined price over a certain period of time, for which the demand for such services or products is not yet known.


The deal will help Route1 keep the momentum going after landing a USD 8 million deal with the U.S. Department of Homeland Security, boosting its Q2 revenue to an eightfold year on year increase and curbing losses.


The company closed with a 6.6% loss on Friday, but jumped by almost 30% shortly after trading began on Monday.

Quick facts: Route1

Price: $0.32

Market: TSX-V
Market Cap: $11.59 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Mawson Resources releases metallurgical results from project...

Mawson Resources (TSE: MAW) CEO Michael Hudson joined Steve Darling from Proactive Vancouver on Skype to discuss results from the first stage of the metallurgical study at their project in Finland. Hudson telling Proactive the results were positive and he talks about the next steps on the...

6 hours, 17 minutes ago

2 min read