Windward Ltd. Contracts and renewals underpin strong start to H2 (8420P)
12 Octubre 2023 - 1:00AM
UK Regulatory
TIDMWNWD
RNS Number : 8420P
Windward Ltd.
12 October 2023
12 October 2023
Windward Ltd.
("Windward", "the Company")
Contract wins and renewals underpin a strong start to H2
Windward (LON: WNWD), the leading Maritime AI company, announces
a number of contract wins and renewals in H2 2023 and confirms it
is trading comfortably in line with market expectations for the
year to 31 December 2023.
H2 typically sees a high level of US governmental contracting
activity due to budgetary cycles, and that pattern has repeated
this year, with the winning of two additional US government
customers and no customer churn. The ROW Government segment has
also performed strongly, with four new contracts. As expected, the
renewal of the contract with the Nigerian government has taken
place, adding $1m of ACV per year over three years. The Commercial
sector customer base continues to grow, building on the strong
performance of this sector in H1.
Ami Daniel, Co-Founder and CEO of Windward, commented:
"The need for greater visibility across all facets of the
maritime industry is driving adoption of our maritime AI platform,
both in the public and commercial markets. Having built a robust,
global SaaS business, an international sales team and a growing,
blue chip customer base, we are confident in maintaining momentum
into Q4, trading comfortably in line with FY23 market
expectations."
For more information, please contact:
Windward Ltd. Via Alma
Irit Singer, CMO
Canaccord Genuity (Nominated Adviser
& Broker) +44(0)20 7523 8000
Simon Bridges / Andrew Potts
Alma +44(0)20 3405 0205
Caroline Forde / Kieran Breheny
About Windward
Windward (LSE:WNWD), a publicly-traded company on the London
Stock Exchange, is a leading Maritime AI company, enabling
organisations to achieve business and operational readiness.
Windward's AI-powered solution allows stakeholders including banks,
commodity traders, insurers, and major energy and shipping
companies to make real-time, predictive intelligence-driven
decisions, providing a 360deg view of the maritime ecosystem and
its broader impact on safety, security, finance, and business. For
more information visit: https://windward.ai/ .
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END
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