REG - Windward Ltd. - AGM Statement

WindwardAnnouncement

09/05/2023 07:15

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RNS Number : 6690Y  Windward Ltd.  09 May 2023

9 May 2023

Windward Ltd.

("Windward", "the Company")

AGM Statement

The Lord Browne of Madingley, the Chairman of Windward Ltd., a leader in
maritime predictive intelligence, will provide the following trading update in
advance of the Annual General Meeting to be held today at 15:00 (BST) at the
Windward offices at Mermaid House, 3rd Floor (Southbank Room), 2 Puddle Dock,
London EC4V 3DB. Copies of the Notice of AGM are also available on the
Company's website www.windward.ai (http://www.windward.ai/) .

"The Board is pleased to report demand for Windward's AI powered predictive
intelligence platform has continued into 2023, delivering top line growth
which alongside the careful management of costs we expect will reduce the time
taken to reach profitability. We have already seen in Q1 the effect of the
cost control measures we instigated in late 2022, as communicated to the
market.

Windward operates at the nexus of a complex sector, in which the actions of
businesses and governments are dictated by factors such as sanctions
compliance, supply chains and commercial    pressures, and the growing
decarbonisation agenda.

These factors are driving demand for our platform, and in a significant
milestone for the Company, we now have over 150 customers, from a diverse
range of verticals across the Government and Commercial sectors, up from 132
at the beginning of the year.

New contracts won in recent weeks include NW corporation, Scorpio Group, and
Nathalin Shipping within the shipping and trading industry, and Transform
Technologies DWC LLC, Eldan Cargo, New Wave International Cargo and ISLINE Ltd
within the supply chain industry.

Alongside direct sales, the Company has continued its partnerships strategy to
widen its market reach. New partners signed in 2023 include I
(https://www.israeldefense.co.il/en/node/57769) srael Aerospace Industries
(https://www.israeldefense.co.il/en/node/57769) , EY Israel, Xeneta
(https://www.xeneta.com/blog/xeneta-partner-announcement-winward) - a top
Norwegian ocean and air freight market analytics platform provider, and
Chain.io
(https://chain.io/blog-resources/press-releases/chainio-adds-windwards-ai-based-solution-to-network-to-enable-faster-implementation/)
- a US-based cloud-based integration platform for the supply chain industry.

Our platform continues to push the boundaries of comprehensive data and
ground-breaking technology to solve the toughest marine challenges.
Customer-led innovation continues at pace. Within our Supply Chain solution we
have increased our ETA prediction model accuracy to over 80% and are now able
to offer new levels of milestones visibility including transhipments
milestones and offering ETA insights on reasons for delay to make sure our
customers can take action in real time and manage by exception.

Windward is now a recognised challenger to some of the more traditional data
providers to the maritime industry, and we are confident that the Company's
approach to the fusion of deep artificial intelligence capabilities with
maritime expertise will continue to set Windward apart.

Looking to the rest of the year, I am confident the Company's continued
momentum and focused growth strategy leaves it well-placed to capitalise on
the growing demand for data driven insights in the maritime industry, and the
Board remains confident in a successful year ahead."

Attendance at the AGM

Further to the Notice of Annual General Meeting issued by the Company on 9
April 2023, please note that the meeting will be held in the Southbank room on
the 3rd floor of Mermaid House instead of on the 4th floor.

The Company has arranged for a video conference facility to allow shareholders
to follow proceedings at the AGM remotely. The video conference facility will
be listen only, other than for Directors (if any attend remotely).
Shareholders interested in following proceedings at the AGM remotely through
this facility are invited to contact the Company by email at legal@wnwd.com by
no later than 10:00 a.m. BST today, 09 May 2023, in order to receive
personalised conference call details.

As set out in the Company's Notice of AGM, connecting to the AGM via a video
conference facility will not amount to attending the AGM and shareholders will
not be able to vote via the video conference facility.

 

  For more information, please contact:

 Windward Ltd.                                       Via Alma PR
 Irit Singer, CMO

 Canaccord Genuity (Nominated Adviser & Broker)      +44(0)20 7523 8000
 Simon Bridges / Andrew Potts

 Alma PR                                             +44(0)20 3405 0205
 Caroline Forde / Kieran Breheny / Pippa Crabtree

 

About Windward

Windward (LSE:WNWD), a publicly-traded company on the London Stock Exchange,
is a leading Maritime AI company, enabling organizations 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 360° 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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