Cyviz AS Signs Frame Agreement with Central Electricity Company in Saudi Arabia
Cyviz AS announces a significant frame agreement with a central electricity company in Saudi Arabia.
Following their strategic partnership, Cyviz signs a 24-month purchase frame agreement to standardize Board Room and Meeting Room spaces with their technology. The first order under this agreement has a contract value of USD 2.2 million.
"The client is one of Cyviz’ earliest customers in Saudi Arabia, and the partnership underscores our commitment to delivering high-tech solutions to empower collaboration and innovation. This is an opportunity for us to further establish our presence as a leader in advanced collaborations within the region.", says Espen Gylvik, CEO of Cyviz.
The contract includes an optional 24-month purchase agreement. The initial order comprises 20 meeting rooms. This strategic move follows a successful year of collaboration with the client.
The project will be installed by the end of Q2 2025.
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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, Riyadh, Singapore, Stavanger, or Washington DC.
Cyviz is listed on Euronext Growth at the Oslo Stock Exchange (ticker: CYVIZ).
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