LONDON, Oct. 10,
2024 /PRNewswire/ --
Windward (LSE: WNWD), a
leading Maritime AI company, is pleased to announce a number of key
business developments since the end of the first half of
2024.
Key customer wins:
Wins in the commercial sector continue at a steady pace consistent
with previous periods including healthy business expansion from
existing customers. In the ROW government sector, Windward won two
new customers for a total of $1.9m of
ACV.
Government renewals:
In both ROW and US sectors, customer renewals are progressing as
expected.
MAI Expert:
Acceptance rates for the recently launched MAI Expert,
Windward's proprietary generative AI agent, have been strong,
with six existing commercial customers purchasing access to MAI
Expert during their renewal process and several new commercial
customers signing up. The company has started the rollout of
MAI Expert to their public sector customers with a similar price
uplift. MAI Expert now also supports a multilingual response to
their customers allowing them a more local experience.
Middle East
conflict:
Management confirms the ongoing geopolitical
situation in the Middle East has
not had a material impact on Windward's activities. Separately, in
order to ensure closer cooperation with the industry, the Company
moved its HQ to London during Q1
2024.
Ami Daniel, Co-Founder and CEO
of Windward, commented:
"I am pleased to report continued contract momentum into H2.
Investments into new products are paving the way for new
opportunities through an expanded addressable market. We are laser
focused on achieving profitability while continuing to execute
against our product roadmap to deliver an enhanced offering for our
customer base."
About Windward
Windward (LSE: WNWD), is a leading Maritime AI™ company,
providing an all-in-one platform to accelerate global trade.
Windward's AI-powered decision support and exception management
platform offers a 360° view of the maritime ecosystem and enables
stakeholders to make real time, predictive intelligence-driven
decisions to achieve business and operational readiness.
Windward's Maritime AI supports companies across industries. The
company's clients range from oil supermajors, freight forwarders,
and port authorities, to banks, shippers, insurers, and
governmental organizations.
For more information visit: https://windward.ai/.
Media Contact
David Hoffman
Headline Media
david@headline.media
+972-52-842-1955
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SOURCE Windward