Boardwalktech Wins Deals, Betting Data Governance is AI's Next Frontier

CUPERTINO, CA – March 18, 2026 – Boardwalktech Software Corp. (TSXV: BWLK, OTCQB: BWLKF) today announced two key contract wins, signaling continued traction for its specialized data management platforms in high-stakes industries. The company has secured a new agreement with a Silicon Valley-based fabless semiconductor firm and expanded its relationship with a major international chemical company, reinforcing its strategic focus on providing the foundational data layer for enterprise artificial intelligence.

The new deal will see the semiconductor client deploy Boardwalktech's Digital Ledger Platform to overhaul its forecasting and planning environment. The initial contract is valued at approximately US$60,000 for the first year, with potential for expansion. Simultaneously, an existing customer, a Japanese chemical giant, has expanded its use of the company's AI-driven Unity Central product for the third time since 2020. This expansion, focused on sales operations and order management, is expected to add between US$50,000 and US$75,000 in annual recurring revenue.

While modest in initial value, these agreements are significant as they validate Boardwalktech's core thesis: the biggest obstacle to scaling enterprise AI isn't the algorithms, but the data they run on.

The Unsung Hero of AI: High-Quality Data

In the rush to adopt artificial intelligence, many organizations are discovering a foundational weakness. As Andrew T. Duncan, CEO of Boardwalktech, noted, "Information and data management has become one of the biggest obstacles to successful AI implementation." This sentiment echoes a growing consensus in the tech industry, encapsulated by a McKinsey Global Institute finding that "the biggest barrier to scaling AI is not the algorithms, it's the availability of high-quality, well-governed data."

Boardwalktech is positioning its patented digital-ledger technology as the solution to this problem. The company argues that AI is an amplifier; it magnifies the quality of the data it is fed. If the data is fragmented, unstructured, or unreliable—a common state in large enterprises where over 80% of information exists in documents, emails, and disparate workflows—AI initiatives are likely to fail or underperform.

The new semiconductor client win is a case in point. The fabless semiconductor industry operates on a razor's edge, with complex global supply chains, long manufacturing lead times, and extreme market volatility. Accurate forecasting is not just a competitive advantage; it's a necessity for survival. By implementing the Boardwalk Digital Ledger Platform, the client aims to automate and consolidate its planning environment. The platform's core strength lies in enabling multiple parties—suppliers, manufacturers, and internal teams—to collaborate on a single, trusted dataset. This ensures data integrity, full provenance (an audit trail of every change), and eliminates the errors and delays caused by reconciling conflicting spreadsheets and reports.

A Calculated Path Toward Profitability

These recent wins are part of a broader narrative for Boardwalktech, a company navigating the challenging path from revenue growth to profitability. Public financial records show a company in transition. While fiscal year 2024 saw a revenue dip compared to the high-growth of 2023, the company has made significant strides in improving its financial efficiency.

The firm's adjusted EBITDA loss has narrowed, and its cash burn from operations has been dramatically reduced. In its Q3 Fiscal 2026 report, the company noted a cash burn rate of just US$33,000 per month from operations, a significant improvement. Management has been vocal about its focus on cost containment and achieving break-even in the near future.

In this context, the new contracts, totaling over US$110,000 in new annual revenue, are more than just incremental additions to its US$3.8 million Annual Recurring Revenue (as of December 2025). They represent strategic, high-margin software-as-a-service (SaaS) deals that align with the company's core strategy. The "land-and-expand" model is clearly at play, as demonstrated by the chemical company's third expansion. This pattern suggests strong customer satisfaction and the platform's ability to deliver tangible value, encouraging clients to deepen their investment over time.

"These new contracts continue the momentum of sustained organic revenue growth this year," Duncan stated in the announcement, connecting these wins directly to the company's financial goals and an "improving visibility on break-even in the near future."

Digital Ledgers and AI in the Trenches

Beyond the financial implications, the new agreements highlight the practical, real-world applications of Boardwalktech's technology in solving complex operational challenges.

For the international chemical company, the expansion brings the AI-driven Unity Central platform into the heart of its commercial operations. The goal is to achieve complete visibility from "order to cash." In a large organization, an order's journey can be incredibly complex, touching multiple systems of record like ERP and CRM, while also generating a trail of unstructured data such as emails, contracts, and internal messages.

Unity Central is designed to unify this chaos. It connects disparate systems and ingests both structured and unstructured information into a single, intelligent environment. For the chemical company, this means sales and operations teams can instantly see the status of any order, identify bottlenecks, and quickly address exceptions without having to manually hunt for information across different departments and software tools. This unified intelligence is the bedrock upon which AI-driven automation and decision-making can be built.

This application stands in contrast to the more widely known consumer-facing blockchain technologies. Boardwalktech's patented "digital ledger" is an enterprise-grade solution focused on collaborative data management within and between companies. It isn't about cryptocurrency; it's about creating an immutable, auditable "single source of truth" for mission-critical business processes like supply chain planning and order management.

Carving a Niche in a Crowded Field

Boardwalktech operates in a fiercely competitive market. It vies for enterprise budgets against software giants like SAP and Oracle, data governance specialists like Collibra and Informatica, and a host of AI and low-code platform providers.

The company's strategy for survival and growth appears to be a focus on its unique technological differentiator: the patented positional cell data management technology that underpins its digital ledger. While many platforms can integrate data, Boardwalktech's core promise is guaranteed data integrity and provenance in multi-user, collaborative environments. This is a specific but critical capability for regulated industries or those with highly complex, multi-party supply chains.

The customer loyalty demonstrated by the Japanese chemical firm, now on its third expansion, serves as a powerful testament to the platform's value proposition. In a market where switching costs can be high, a customer repeatedly choosing to expand a platform's use across new business units is a strong indicator of success and satisfaction. It suggests the technology is not just meeting but exceeding expectations, solving real problems in a way that encourages further adoption. This organic growth within its existing customer base is a crucial engine for the company as it pushes toward its profitability goals.

The recent launch of Verity, a purpose-built AI product for financial controls, further illustrates this strategy of applying its core data governance technology to specific, high-value industry problems. By continuing to secure wins in demanding sectors like semiconductors and chemicals, Boardwalktech is steadily building a portfolio of evidence that its unique approach to data management is not just a technical curiosity, but a vital enabler for the next wave of enterprise transformation.