REG - Windward Ltd. - Contracts and renewals underpin strong start to H2

WindwardAnnouncement

12/10/2023 07:00

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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 (https://windward.ai/)  (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 360° view of the maritime ecosystem and its broader impact on
safety, security, finance, and business. For more information visit:
(https://windward.ai/) https://windward.ai/ (https://windward.ai/) .

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