20
May 2024
Windward
Ltd.
("Windward", "the Company")
AGM
Statement
The Lord Browne of Madingley, the
Chairman of Windward Ltd., a leading Maritime AI company, will
provide the following trading update in advance of the Annual
General Meeting to be held today at 13:00 (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 at https://investors.windward.ai/investors/agm/.
"The Board is pleased to report on a period of strong trading
and execution against our strategy in FY24 to date, in line with
our expectations. We have made further progress in growing our
commercial revenues, and renewals for our government segment also
remain on track. Within the commercial segment, we see accelerated
take up of our Business Intelligence solutions, which allow
customers to increase revenues. Recent customer wins include Berge
Logistics, OCIMF, Zodiac Maritime and Valletta Bunkers. As
previously announced in February, Windward has also expanded its
collaboration with the London Stock Exchange Group to provide
customers with comprehensive compliance and risk management
solutions beyond the maritime domain.
Our AI-powered insights are delivering a tangible impact on
visibility, efficiency and cost for key players across global
trade. Amid the complex web of maritime challenges across
sanctions, supply chains and security Windward is an established
strategic partner for governments and enterprises
alike.
Looking ahead, we are confident in achieving our stated goal
of reaching an EBITDA break-even run rate during FY24, supported by
the healthy market-wide demand, successful partnerships and the
growing sophistication and breadth of our offering. We remain
excited by the opportunity ahead to further transform the maritime
industry through bringing both vertical and generative AI solutions
to our customers."
Attendance at the AGM
Further to the Notice of Annual
General Meeting issued by the Company on 18 April 2024, 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, 20 May 2024, 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:
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Windward
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Via Alma
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Irit Singer, CMO
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Canaccord Genuity (Nominated Adviser &
Broker)
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+44(0)20 7523 8000
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Simon Bridges / Andrew
Potts
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Alma Strategic Communications
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+44(0)20 3405 0205
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Caroline Forde / Kieran
Breheny
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About Windward
Windward (LSE:WNWD), is the 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/.