Investor Presentation and H2 2023 Update

Windward Ltd.

11 December 2023

 

11 December 2023

Windward Ltd.

("Windward", "the Company")

 Investor Presentation, customer wins and continued momentum in H2

Windward (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 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)	[phone]
Simon Bridges / Andrew Potts
Alma Strategic Communications	[phone]
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/.

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.

 

END