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Caught up with the CEO and CFO last week to learn a bit more. Write up perhaps of interest.
https://martinflitton1.wixsite.com/privatepunter
CEO and Co-Founder, Ami Daniel and CFO, Ofer Segev, present results for the year ended 31 December 2021.
Watch the video here: https://www.piworld.co.uk/company-videos/windward-wnwd-full-year-2021-results-presentation-march-2022/
Or listen to the podcast here: https://piworld.podbean.com/e/windward-wnwd-full-year-2021-results-presentation-march-2022/
Windward IPO’d December 2021. Here, Co-founder & CEO, Ami Daniel, CMO, Irit Singer and CFO, Ofer Segev, introduce the company.
Watch the video here: https://www.piworld.co.uk/company-videos/introduction-to-windward-wnwd/
Or listen to the podcast here: https://piworld.podbean.com/e/introduction-to-windward-wnwd/
A related company to Windward is TRAC (formerly STAR): t42 IoT Tracking Solutions.
Like WNWD it's an Israeli company that is offering to track containers, and is in advanced stage discussions for such projects.
"Global shipping container tracking
Multi-sensor IoT tracking device
Wide range of detection capabilities
State-of-the-art command center
Cloud-based analytics & alerts
The Problem
99.9% of shipping containers are not tracked or inspected for security resulting in $50 billion estimated cargo-theft costs and other related losses per annum.
The t42
State-of-the-art, tamper-proof, ragged, multi-sensor container lock and encrypted global data transmitter.
24x7x365 secured data transmission.
Monitors location, acceleration, temperature, humidity, impact, tilt, light conditions and more.
Provides intelligent detection of course deviation, temperature deviation, humidity deviation, tampering attempts, vessel, accident, container damage and actual breach.
Contact us for a Demo"
https://www.t42.co.uk/
TRAC's current annualised revenue is about US$4.5M., based upon the first half.
In comparison, just a few years ago, in 2017, Windward's annual revenue was US$5.9M., i.e. only about 30% higher than TRAC's at the moment.
TRAC, at it's current s.p. of 12.5p, has a market cap. of just £6.57M., despite its multi-million dollar & pound turnover, and being not that far from breakeven.
WNWD's current market cap., at 204p, is £166.54M.
Windward only launched its container tracking service a few months ago, which seems to highlight the market opportunity here.
Container transport is a multi-trillion dollar industry, so there should be plenty of business for both companies, and both companies can help to highlight the desirability of container tracking.
TRAC though must have a head start in this area ... and potentially could be a takeover target for Windward.
From the 3.11.21 RNS from STAR (now TRAC):
" ... The change of name will coincide with a rebranding of the Company's various products and technology and a relaunch of the product range as part of a revised strategy that focuses on the container and freight market. This strategy, and the rebranding that it represents, is intended to leverage the market opportunity that has been presented by the major problems currently being suffered in the shipping and freight movement sector. We believe that the substantial increases in freight costs and the disruption to supply chains increase the need for our superior tracking and monitoring technology as shippers seek real time information to better control their assets in motion.
As reported, the Company is in advanced stage discussions for a number of potentially substantial projects concerning the supply of Starcom's various devices for the tracking and monitoring of containers and related items. Should these be successfully concluded they could provide significant revenues over the next few years, incl
"... Windward's Container Insights allows Windward customers to deal with these challenges by providing data and tracking information on any container of interest and connecting the container to any vessel, location, and entity. This unique ability enables users to monitor in real time the location of the container, its status, and expected and scheduled ETA. Windward's customers in the financial and insurance sectors can effortlessly screen containers of interest as part of their counterparty due diligence processes. The system also provides an independent validation capability for BOL verification and with insights on the actual delivery status, stakeholders can ensure critical transaction steps. Governments can leverage Container Insights to investigate leads regarding suspicious containers that are expected to arrive at a port. Ultimately, this data can support border control as well as customs and law enforcement operations in real time.
"Windward is growing at an incredible pace. We are launching new capabilities, expanding our data sets, and continuously updating our behavioral models," said Ami Daniel, CEO and Co-Founder of Windward. "Maritime trade is multi-faceted and often stakeholders don't have all of the insights they need to fully assess the risks involved. Risk insights for containers of interest and BOL verification are essential for any entity that deals with global trade to understand the full picture of who they're conducting business with. This new capability combined with our Company Risk and Vessel Insights provides our users with a one-stop shop for all maritime trade operations."
About Windward
Windward is the leading Predictive Intelligence company fusing AI and big data to digitalize the global maritime industry, enabling organizations 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 windward.ai."
https://finance.yahoo.com/news/windward-launches-container-insights-enhance-110000047.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvLnVrLw&guce_referrer_sig=AQAAAHHvL_uYJsDCoRy7RpeUwpRHLs6l_Z-2lhEnGayGhjUhmtcyoOVc0NzZBx_zIW4AhOkYK5aBXovYZoJuR3ppF7TvYwBx-lokNVdJKEbEwzn9uD3tQhyGqODRhP2U1SUMnVVwjrFDfUCykWbbilKxVe1Bxa3au6W2twxVV4WFDQ35
"Windward Launches Container Insights to Enhance Due Diligence Processes in Trade Finance and Maritime Investigations
July 21, 2021·3 min read
Container Insights enables the identification, screening, and monitoring of any shipping container in real time, including BOL verifications
LONDON, July 21, 2021 /PRNewswire/ -- Windward, the Predictive Intelligence company applying AI to transform global maritime trade, announced today the launch of Container Insights, a capability that enhances the company's current Cargo Insights to provide live screening and tracking of containers and BOL verification. The new capability optimizes and increases the efficiency of screening processes for trade finance transactions and enables government agencies to investigate suspicious containers, providing them with a holistic view of vessels, behaviors, companies, and containers, all in one platform.
Seven out of the twelve trillion dollars of seaborne trade are transported via containerized goods. As part of any due diligence process in a transaction, banks screen every company and vessel involved in the deal. Container numbers are included in the Bill of Lading (BOL) and Letter of Credit (LC) but do not necessarily contain the vessel IMO (International Maritime Organization) number making it difficult for banks to fully vet the transaction. Additionally, as part of anti-money laundering and fraud processes, banks need to independently investigate and validate that those transactions indeed took place and were not used as methods of laundering money.
Containers are also commonly used for the smuggling of illicit goods. For example, UNODC seizure data indicates that most of the cocaine available in European drug markets is smuggled to Europe by sea, primarily in maritime container shipments entering at major container ports such as Antwerp, Rotterdam, Hamburg, and Valencia. To counter this trend, governments need to have a full picture of all actors, vessels, and cargo within their domain and have the ability to identify suspicious activity before smuggled goods reach their shores. ..."
https://finance.yahoo.com/news/windward-launches-container-insights-enhance-110000047.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvLnVrLw&guce_referrer_sig=AQAAAHHvL_uYJsDCoRy7RpeUwpRHLs6l_Z-2lhEnGayGhjUhmtcyoOVc0NzZBx_zIW4AhOkYK5aBXovYZoJuR3ppF7TvYwBx-lokNVdJKEbEwzn9uD3tQhyGqODRhP2U1SUMnVVwjrFDfUCykWbbilKxVe1Bxa3au6W2twxVV4WFDQ35
"Embarking on an era of smart containers
29 September, 2021|1 min read
To overview
Can the ‘smart container’ be the catalyst to once again revolutionize this industry, traditionally more focused on physical assets? To find the insights, watch this virtual event with our guest speakers of MSC Mediterranean Shipping Company, Digital container shipping association, and Traxens, a market leading developer of container tracking devices."
https://www.ingwb.com/en/insights/online-events/embarking-on-an-era-of-smart-containers
"Sensor ships: why smart containers are the future of shipping
4 min read
To overview
The transportation of cargo around the world is routine business for the shipping industry, but delivering about 11 billion tons of goods a year is a process that is fraught with risk.(1)
.. Make containers smarter
Smart containers are one way to create a more efficient, safer and more sustainable shipping supply chain. These are much like regular containers, but are pre-installed with sensors.
“A smart container is just a regular container, but you put a little chip in it that has a connection with a network,” explains Jules Kollmann, managing director, Containers and Logistics, ING.
The idea behind equipping containers with an array of sensors is that they can collect real-time data about everything from the temperature inside a container to its exact location – thanks to GPS tracking.
This big data approach promises a lot, so what exactly are the advantages of collecting all that data?
Big data means more efficient, more sustainable outcomes
Collecting such data can help to optimise the supply chain. Sensor data provides hyper-accurate information about the location of a container, allowing for optimised fleet management that results in less repositioning and more efficient use of fuel. Often, energy is wasted as a result of the shipping and repositioning of empty containers: estimates suggest up to $20 billion a year is spent on this activity that leads to unnecessary fuel consumption.(6) Research from the Boston Consulting Group has previously estimated that avoiding empty container shipping “for carrier-specific reasons” could allow the industry to reduce carbon emissions by six million tons per year.(7)
This can also ensure fleets avoid potentially hazardous patches of weather that could result in cargo being thrown off board or damaged, an issue that can cause significant environmental damages. ..."
https://www.ingwb.com/progress/insights-sustainable-transformation/sensor-ships-why-smart-containers-are-the-future-of-shipping
Just bought in here got spiked at 199, but believe this could be an interesting investment, in with 10k. We will see what happens but company fundermentals look good.