GM Launches Phase 2

Cirata PLC

25 June 2024

 

25 June 2024

Cirata plc

("Cirata" or the "Company")

GM Launches Phase 2

Cirata plc (LSE: CRTA) is pleased to announce that General Motors ('GM') is proceeding to phase 2 under the master license agreement announced by Cirata on 16 August 2023. 

The August 2023 announcement saw GM commit to moving at least 3.3 petabytes of data with a contract value of over $400,000 in phase 1.

Phase 2 includes a 4 petabyte data allowance, and accompanying maintenance and support services, with a contract value of $490,733.

This phase will again be transacted on the Azure Marketplace. Cirata's ability to seamlessly deliver large-scale continuous data integration solutions and its go-to-market model with leading cloud service providers demonstrates the strategic value of its products to GM and was a central reason why GM decided to deepen its relationship with the Company.

This announcement contains information that qualifies or may qualify as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

The person responsible for arranging the release of this announcement on behalf of Cirata plc is Larry Webster, Company Secretary. 

For further information, please contact: 

Cirata	Via FTI Consulting
Stephen Kelly, Chief Executive Officer
Ijoma Maluza, Chief Financial Officer
Daniel Hayes, Investor Relations
FTI Consulting	[phone]
Matt Dixon / Kwaku Aning / Usama Ali
Stifel (Nomad and Joint Broker)	[phone]
Fred Walsh / Ben Good
Liberum (Joint Broker)	[phone]
Max Jones / Edward Mansfield / John More

About Cirata

Cirata, accelerates data-driven revenue growth by automating data transfer and integration to modern cloud analytics and AI platforms without downtime or disruption. With Cirata, data leaders can leverage the power of AI and analytics across their entire enterprise data estate to freely choose analytics technologies, avoid vendor, platform, or cloud lock-in while making AI and analytics faster, cheaper, and more flexible. Cirata's portfolio of products and technology solutions make strategic adoption of modern data analytics efficient and automated. For more information about Cirata, visit www.cirata.com

 

END