REG - Cirata PLC - GM Launches Phase 2

CirataAnnouncement

25/06/2024 07:15

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RNS Number : 7471T  Cirata PLC  25 June 2024

25 June 2024

 

Cirata plc

("Cirata" or the "Company")

GM Launches Phase 2

 

Cirata plc (LSE: CRTA) is pleased to announce that General Motors ('GM') is
proceeding to phase 2 under the master license agreement announced by Cirata
on 16 August 2023.

 

The August 2023 announcement saw GM commit to moving at least 3.3 petabytes of
data with a contract value of over $400,000 in phase 1.

 

Phase 2 includes a 4 petabyte data allowance, and accompanying maintenance and
support services, with a contract value of $490,733.

 

This phase will again be transacted on the Azure Marketplace. Cirata's ability
to seamlessly deliver large-scale continuous data integration solutions and
its go-to-market model with leading cloud service providers demonstrates the
strategic value of its products to GM and was a central reason why GM decided
to deepen its relationship with the Company.

 

 

This announcement contains information that qualifies or may qualify as inside
information for the purposes of Article 7 of the Market Abuse Regulation (EU)
596/2014 as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the
company's obligations under Article 17 of MAR.

 

The person responsible for arranging the release of this announcement on
behalf of Cirata plc is Larry Webster, Company Secretary.

 

 

For further information, please contact:

 

 Cirata                                    Via FTI Consulting
 Stephen Kelly, Chief Executive Officer
 Ijoma Maluza, Chief Financial Officer
 Daniel Hayes, Investor Relations

 FTI Consulting                            +44 (0)20 3727 1137
 Matt Dixon / Kwaku Aning / Usama Ali

 Stifel (Nomad and Joint Broker)           +44 (0)20 7710 7600
 Fred Walsh / Ben Good

 Liberum (Joint Broker)                    +44 (0)20 3100 2000
 Max Jones / Edward Mansfield / John More

 

 

About Cirata

 

Cirata, accelerates data-driven revenue growth by automating data transfer and
integration to modern cloud analytics and AI platforms without downtime or
disruption. With Cirata, data leaders can leverage the power of AI and
analytics across their entire enterprise data estate to freely choose
analytics technologies, avoid vendor, platform, or cloud lock-in while making
AI and analytics faster, cheaper, and more flexible. Cirata's portfolio of
products and technology solutions make strategic adoption of modern data
analytics efficient and automated. For more information about Cirata,
visit www.cirata.com (http://www.cirata.com)

 

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