Cyviz AS announces significant agreement with Central Electricity Company in Saudi Arabia
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.
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This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
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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 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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