ERV extends the agreement with GWS
GWS Production in Lund and the insurance company ERV have extended the initial agreement for the travel security platform from GWS until mid-2020.
The extension has a total order value of 3 million SEK.
GWS is a global IT company which works to help employees feel safe wherever they are. The company has developed Safeture, a travel security platform and risk management tool for companies and business travellers. Safeture is a new way to guarantee employee safety using state-of-the-art technology and it is already used globally by more than 1 000 major companies.
ERV is one of the largest specialized companies in Europe for personal and business travel insurance. Since the initial agreement was signed in 2015, ERV offer its customers the GWS service as part of its travel insurance. ERV uses GWS’ SDK solution (Software Development Kit), a collection of software tools and components that enables software developers to integrate GWS functionality. The SDK allows ERV to develop their mobile solutions with the GWS service and content without using GWS' development resources.
The new agreement extends the SDK cooperation agreement period until May 2020. The main agreement extension order value is 2.8 million SEK and, including other connected agreements, the total order value is 3.2 million SEK.
"We appreciate the opportunity to develop long-term relationships with ERV. It shows that we deliver a service that is valuable to our customers.” Andreas Rodman, CEO at GWS, comments.
“It is also encouraging, as the SDK solution that we started developing in 2016 is a vital tool for one of our most important customers.”
About GWS Production AB and Safeture
GWS, Global Warning System, was founded in 2009, triggered by the experience with a global SARS epidemic, the 2004 Indian Ocean tsunami and the Mumbai terror attacks. The company offers a travel security platform: Safeture. A travel risk management for corporate security teams and business travelers in order to protect the traveler by real-time tracking and providing valuable real-time information about disasters and other threats that could impact on the traveler. Safeture is the new way to take control of employee safety with state-of-the-art technology. The GWS share is listed on NASDAQ First North Stockholm. Erik Penser Bank AB is the Certified Adviser.
This press release is information that GWS Production AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 16.00 CET on 2018-12-21.