An increasingly insecure world is driving the demand for security services among business and leisure travelers. GWS has noted this emerging need and developed a mobile-based safety service which uses innovative technology to alert and inform travelers of security threats. GWS has completed the product development and is now entering a phase of expansion. Contracts have recently been signed in the insurance, security, telecom and travel industry. Our Base case projections renders a motivated fair value of 12 SEK. The Bear and Bull case scenarios indicate fair values of 6 SEK and 20 SEK respectively.