{"id":12246,"date":"2024-07-15T04:18:58","date_gmt":"2024-07-15T04:18:58","guid":{"rendered":"https:\/\/economicherald.net\/?p=12246"},"modified":"2024-07-15T04:18:58","modified_gmt":"2024-07-15T04:18:58","slug":"aeeris-breakthrough-partnership-drives-customer-acquisitions-and-major-contract-renewals","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=12246","title":{"rendered":"Aeeris\u2019 Breakthrough Partnership Drives Customer Acquisitions and Major Contract Renewals"},"content":{"rendered":"<p>Weather tech firm Aeeris draws new customers with Tomorrow.io offering<br \/>\nStrategic partnership sets new industry standard<br \/>\nAeeris also announces major contract renewals<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special report:<\/em> ASX environmental services firm Aeeris has locked in a contract renewal with one of Australia\u2019s largest insurance providers and brought new customers on board for its severe weather and natural hazard forecasting,<\/strong><strong> reaping significant rewards from a strategic partnership with global weather resilience leader Tomorrow.io.<\/strong><\/p>\n<p>It has announced a slew of new customers and major contract renewals, with two new customers signing up through the Tomorrow.io partnership.<\/p>\n<p>Aeeris (ASX:AER), the parent company of Early Warning Network, is a leader in severe weather and natural hazard forecasting, alerting, and climate risk reporting, used by some of Australia\u2019s biggest insurers and councils.<\/p>\n<p>The company\u2019s 24-7 monitoring team is backed by proprietary technology and has access to the most granular weather modelling information in the country.<\/p>\n<p>Tomorrow.io\u2019s hyper-precise weather forecasting platform uses AI and the world\u2019s first commercially built weather-radar satellites. It serves major clients like US airlines, Google, Amazon, Microsoft, and the US Air Force.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/tech\/this-asx-listed-company-now-has-the-best-weather-forecasting-tech-in-the-world\/\">The integration of Tomorrow.io\u2019s technology into Aeeris\u2019 system <\/a>provides EWN clients with unparalleled detailed weather data, offering real-time insights and alerts about potential weather threats.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Transformative alliance<\/strong><\/h2>\n<p>Aeeris founder and CEO Kerry Plowright emphasised the transformative impact of the alliance.<\/p>\n<p>\u201cThis partnership represents a transformative leap in predictive capabilities, ensuring that businesses and communities across Australia can act with unprecedented foresight in weather-related decisions,\u201d he said.<\/p>\n<p>The strategic union is already bearing fruit, with Aeeris securing agreements with two additional significant industry players during Q4. These new clients, spanning diverse sectors, follow the recent onboarding of the partnership\u2019s inaugural client.<\/p>\n<p>Further solidifying its market position, Aeeris has renewed its contract with Australia\u2019s largest insurance provider through EWN. This renewal, structured for a 5-year term (3+2), highlights the enduring confidence in Aeeris\u2019 advanced technology and strategic vision.<\/p>\n<p>\u201cIt signifies not only the robustness of our Early Warning Network but also the trust our clients place in our commitment to innovation and strategic excellence,\u201d Plowright said.<\/p>\n<p>\u201cOur continued collaboration is a testament to the value and reliability of Aeeris\u2019 technology in safeguarding communities and assets across Australia.\u201d<\/p>\n<p>In another pivotal achievement, Aeeris\u2019 Climatics division has secured a 12-month contract renewal with one of Australia\u2019s largest supermarket chains which now also includes expanding into New Zealand. Plowright noted that this regional growth strategy underscores Aeeris\u2019 expanding footprint in providing crucial historical climate data.<\/p>\n<p>\u201cThis approach not only broadens our reach but also enhances our ability to support clients with precise and valuable insights. We are committed to advancing our capabilities and continuing to be a trusted source of critical climate information,\u201d he said.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Growing demand<\/strong><\/h2>\n<p><a href=\"https:\/\/stockhead.com.au\/tech\/increased-incidence-of-extreme-weather-whips-up-sales-for-climate-tech-aeeris\/\">Aeeris\u2019s recent financial results <\/a>highlight the growing demand for advanced weather intelligence solutions in Australia.<\/p>\n<p>The company reported a significant increase in sales and marketing activities, driven by heightened regulatory reporting requirements and increased risk awareness among businesses.<\/p>\n<p>Key highlights include a 40% surge in cash flow and customer receipts compared to the previous year\u2019s corresponding period, with notable contributions from the Hail product suite due to early-season hail events.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Aeeris Ltd, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/tech\/aeeris-breakthrough-partnership-drives-customer-acquisitions-and-major-contract-renewals\/\">Aeeris\u2019 Breakthrough Partnership Drives Customer Acquisitions and Major Contract Renewals<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Weather tech firm Aeeris draws new customers with Tomorrow.io offering Strategic partnership sets new industry standard Aeeris also announces major contract renewals \u00a0 Special report: <a href=\"https:\/\/economicherald.net\/?p=12246\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":12247,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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