REG - Windward Ltd. - Investor Presentation and H2 2023 Update

WindwardAnnouncement

11/12/2023 07:15

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RNS Number : 2537W  Windward Ltd.  11 December 2023

11 December 2023

Windward Ltd.

("Windward", "the Company")

 Investor Presentation, customer wins and continued momentum in H2

 

Windward (https://windward.ai/)  (LON: WNWD), the leading Maritime AI
company, is pleased to announce CEO Ami Daniel and CFO Ofer Segev are
presenting at today's Mello Monday virtual investor event, taking place via
Zoom webinar at 7.50pm GMT.

 

If you would like to attend, you can register here
(https://melloevents.com/mm111223/) for a free ticket for the event using code
SHR100. A recording of the presentation will be sent to all registrants within
48 hours of the event.

 

H2 2023 update

 

Windward is pleased to report ongoing momentum as it closes out the 2023 year
as it has continued to win new customers in all business lines, including:

 

Government & Public Sector

 

Prefectura Naval Argentina, the maritime law enforcement agency of Argentina,
who will use Windward's AI platform to address security, economic and
environmental threats in the maritime domain to augment its maritime domain
awareness.

 

Ocean Freight Visibility

 

The Company is seeing the further adoption of its Ocean Freight Visibility
(OFV) product among enterprise freight forwarders. New customers using the OFV
solution include Scan Global Logistics, a global full-service logistics
provider. We are also pleased to report the first paying customers via the
previously announced LSEG partnership, which is expected to drive further
revenue in 2024.

 

Compliance Platform

 

The current sanctions environment is contributing to the ongoing demand for
Windward's compliance product, with the Company having recently signed its
first UK ship broker who will use the compliance platform in their own
operations.

 

The ongoing growth of the Company's customer base, successful execution of its
land and expand strategy and careful control of costs provide increasing
visibility as the Board looks to a successful 2023 and beyond.

 

This provides the Board with increased confidence in delivering results for
the year ending 31 December 2023 comfortably in line with market expectations.

 

The Company will provide a Trading Update for the year to 31 December 2023 in
January 2024.

 

Ami Daniel, Co-Founder and CEO of Windward, commented:

 

"Our teams are delivering great progress across all areas of the business,
growing our customer base, expanding with existing customers and innovating at
pace. The pressing need for visibility across all facets of the maritime
industry continues to drive adoption of our maritime AI platform and we are
confident in maintaining momentum through to the end of the year and beyond."

 

For more information, please contact:

 Windward Ltd.                                       Via Alma Strategic Communications
 Irit Singer, CMO
 Canaccord Genuity (Nominated Adviser & Broker)      +44(0)20 7523 8000
 Simon Bridges / Andrew Potts
 Alma Strategic Communications                       +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/) .

Prior to publication the information communicated in this announcement was
deemed by the Company to constitute inside information for the purposes of
article 7 of the Market Abuse Regulations (EU) No 596/2014 as amended by
regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations No
2019/310 ('MAR'). With the publication of this announcement, this information
is now considered to be in the public domain.

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