Global Warning System (GWS) and ERV signed an initial agreement in spring 2015 and this cooperation will now be extended in a new agreement. ERV will move to GWS' new SDK (Software Development Kit) offer.
GWS provides a personal travel security service, Safeture, that provides critical and relevant information about disasters and other threats a traveler may encounter. 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 offered its customers the GWS service as a part of its travel insurance offer. The SDK is a collection of software tools and components that enables software developers to integrate GWS functionality. The solution means that ERV now can develop their mobile solutions without using GWS' development resources, and still use the GWS service and content within their own app. The agreement extends the cooperation period and increases the total guaranteed minimum revenue from ERV with approximately 15% over the total cooperation period. With the new agreement, that replaces the previous agreement, the exclusivity is removed for both parties.
Andreas Rodman, CEO at GWS, comments:
"I see at least two very positive aspects of this agreement. Firstly, we very much appreciate to be able to grow long-term relationships with our customers. With the extension of our agreement we can continue to build our common business and serve ERV's customers even better. Secondly, it is extremely encouraging that the SDK solution, that we started developing in 2016 has been chosen by one of our larger customers, it proves that we have found a good market fit."
About GWS Production AB and Safeture GWS, (Global Warning System) was founded in 2009, triggered by the experience of the global SARS epidemic, the 2004 Indian Ocean tsunami and the Mumbai terror attacks. The company offers a personal security mobile app, Safeture. The app protects travelers through real-time tracking and provides valuable real-time information about disasters, and other threats that could impact you while you're abroad. The system consists of a range of services that are delivered via the traveler's mobile phone, and is suitable for both businesses (Safeture Pro), and for private individuals (Safeture).
The GWS share is listed on NASDAQ First North Stockholm. Sedermera Fondkommission is the Certified Advisor.
For additional information, visit www.globalwarningsystem.com or contact GWS CEO Andreas Rodman: +46 (0) 708 - 10 13 16 or via andreas.rodman@globalwarningsystem.com
This information 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 09.00 CET on 4 th July, 2017.
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