Intrusion Partner iOne Wins ~$25M Bid For Commission On Elections Project
Portfolio Pulse from Benzinga Newsdesk
Intrusion Inc.'s partner, iOne, has won a bid approximately worth $25 million for a project with the Commission on Elections. This win signifies a substantial contract for iOne and indirectly benefits Intrusion Inc. (INTZ), showcasing the strength and potential growth of their partnerships and market presence.
April 17, 2024 | 1:20 pm
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Intrusion Inc. indirectly benefits from its partner iOne winning a $25M bid for a Commission on Elections project, highlighting potential revenue growth and stronger market presence.
Although the contract is directly awarded to iOne, Intrusion Inc. stands to benefit indirectly due to the partnership. This could lead to increased investor confidence in INTZ, potentially driving up its stock price in the short term. The size of the contract ($25M) is substantial, indicating a significant project that could enhance Intrusion's financials and market position.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80