Cyviz AS

Cyviz AS announces significant agreement with Central Electricity Company in Saudi Arabia

13.8.2024 08:00:01 CEST | Cyviz | Additional regulated information required to

be disclosed under the laws of a member state

Cyviz AS secures deal to equip a central electricity company in Saudi Arabia

with advanced control rooms.

Cyviz AS, a leading provider of advanced collaboration solutions, announces a

significant new 24-month frame agreement with a central electricity company in

Saudi Arabia. The deal, with an estimated total value of up to USD 7 million,

involves deploying 32 new control rooms equipped with Cyviz' dynamic workflow

technology for their Distribution Low Voltage Centers.

"This strategic partnership reinforces our commitment to delivering innovative

solutions that empower collaboration and drive technological progress in Saudi

Arabia," says Espen Gylvik, CEO of Cyviz.

The agreement builds upon a successful year of collaboration between Cyviz and

the client, highlighting their shared commitment to excellence and innovation.

The installation is scheduled for completion by the end of Q4 2025.

Cyviz remains at the forefront of collaborative technology, offering solutions

that enhance efficiency and unlock creativity for organizations worldwide. This

agreement marks another milestone in Cyviz' journey to become the global leader

in advanced collaboration solutions.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

CONTACTS

* Ellen Kristine Lome, Chief People & Communications Officer, Cyviz AS,

* Espen Gylvik, CEO, Cyviz AS, +4791330644, [email protected]

* Karl Peter Gombrii, CFO, Cyviz, (+47) 92822969, [email protected]

ABOUT CYVIZ

About Cyviz

Cyviz is a global technology provider for comprehensive conference and control

rooms as well as command and experience centers. Since 1998, we have created

next level collaboration spaces, assuring inclusive meeting experiences for in

person and remote attendance.

Cyviz serves global enterprises and governments with the highest requirements

for usability, security, decision making and quality. The cross-platform

experience Cyviz delivers to manage and control systems and resources across the

enterprise, makes Cyviz the preferred choice for customers with complex needs.

Find out more on www.cyviz.com - http://www.cyviz.com or visit one of our Cyviz

Experience Centers in Atlanta, Benelux, Dubai, Houston, Jakarta, London, Oslo,

Paris, Riyadh, Singapore, Stavanger, or Washington DC.

Cyviz is listed on Euronext Growth at the Oslo Stock Exchange (ticker: CYVIZ).

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