Boardwalktech receives contract for ledger platform

Executive Summary

• Boardwalktech Software Corp. secured a new contract with a Silicon Valley fabless semiconductor company to deploy its digital ledger platform for automating forecasting and planning, with an initial value of approximately $60,000 (U.S.) for the first year.
• The company announced the expansion of its AI-driven Unity Central product with an existing international chemical customer in Japan, marking the third expansion for this client since 2020 and the first use of the platform for sales operations and order management.
• CEO Andrew T. Duncan highlighted that these contracts contribute to sustained organic revenue growth, a rapidly building pipeline, and improved visibility toward breaking even in the near future.

Key Details

• New Contract (Semiconductor Client):
  • Client: A Silicon Valley fabless semiconductor company.
  • Product: Boardwalk digital ledger platform.
  • Purpose: Automate and consolidate the client's forecasting and planning environment to improve demand visibility, decision-making, manufacturing build cycles, contract costs, inventory management, and margins.
  • Financials: Initial contract value is approximately $60,000 (U.S.) for the first year.
  • Growth Potential: Expected to expand as additional users are added across the platform.
• Existing Customer Expansion (Chemical Company):
  • Client: An international chemical company headquartered in Japan.
  • Product: Artificial-intelligence-driven Unity Central.
  • Scope: First time the customer utilizes Unity Central for sales operations, order management, and enterprise-wide visibility.
  • History: This marks the third expansion for this customer since 2020.
  • Financials: Initial revenue implications expected to range between $50,000 (U.S.) to $75,000 (U.S.) annually.
  • Growth Potential: Potential for further growth as the solution expands across additional business units within the organization.
• Strategic Outlook:
  • CEO Andrew T. Duncan noted that these contracts support sustained organic revenue growth.
  • The company reports a rapidly building pipeline and demand for its Velocity, Unity Central, and Verity products.
  • Ongoing improvements in cost containment are improving visibility on breaking even in the near future.

Notable Quotes

• "Information and data management has become one of the biggest obstacles to successful AI implementation. Over 80 per cent of the data entering most organizations remains unstructured, existing in the form of documents, e-mails, workflows and communications," said Andrew T. Duncan, chief executive officer of Boardwalktech.
• "The Boardwalk Unity Central platform seamlessly connects these documents, messages, files, workflows and alerts into one intelligent environment, enabling organizations to automate AI-driven processes and reduce manual work while making faster, more informed decisions in a unified workspace. These new contracts continue the momentum of sustained organic revenue growth this year that also includes a rapidly building pipeline and demand for our Velocity, Unity Central and Verity products, which, when combined with our ongoing improvements in cost containment, improves our visibility on break-even in the near future."