Eleco PLC Partnership between Elecosoft and Nodes & Links

TIDMELCO

Eleco PLC

07 September 2023

RNS REACH

7th September 2023

Eleco Plc

("Eleco", the "Group" or the "Company")

Partnership between Elecosoft and Nodes & Links:

Elecosoft and Nodes & Links bring AI into the world of construction planning

The Board of Eleco plc (AIM: ELCO), the specialist software provider for the built environment, is pleased to announce that its trading Building Lifecycle branded business Elecosoft has entered into a partnership with the AI planning co-pilot platform, Nodes & Links, to provide enhanced AI capabilities to the customers of its award-winning Asta Powerproject solution.

The AI capability will provide greater reliability and programme forecasting whilst improved risk management will reduce the time and cost overruns that continue to impact projects, in turn improving productivity.

Over the next three years, as the partnership and technology advances, generative AI will support and enable project delivery teams to focus on high-value activities like strategy development, acceleration analysis, risk reduction and leadership. Construction company BAM Nuttall is the first Elecosoft customer to take advantage of the partnership.

Mark Chapman, Head of Innovation at Elecosoft , said:

" Elecosoft has a long, proven history of listening to client feedback and adapting our services to meet their current and future pain points. This partnership is underpinned by deep industry knowledge and a commitment to our customers, from both sides. The combined power of the Asta Powerproject ecosystem - which helps teams plan reliably - and the insights and time-saving capabilities of Nodes & Links will be a genuine game-changer for project planning. Meanwhile, we are continuing to curate an ecosystem of industry partners and customer focussed emerging technology that is easier for customers to deploy, use and get fast results from."

Greg Lawton, CEO of Nodes & Links , said:

"Our goal is to integrate AI assistants into all parts of the scheduling process, covering planning, updating, analysing and reporting and then planners will be able directly to influence and lead their own teams of AI assistants so that additional expertise can be incorporated in the interpretation of real time information. This is the first step in an exciting partnership that has the potential to re-invent planning and transform the industry."

About Nodes & Links

Nodes & Links was founded in 2018 to bring AI Assistants to the Project Management Office (PMO). Founding the company, Greg Lawton and Christos Ellinas saw AI Assistants as a force for good that had the potential to save people time, making their days easier and helping to deliver major projects. Upon realising that such Assistants were an inevitable creation of humanity they set about designing them to respectfully work for and with planners and controllers in the Project Management Office. Today the company is deployed in 21 countries on thousands of projects, and is growing at over 300% per year. They lead the world in the development of AI Assistants for the PMO.

About Elecosoft

Elecosoft is an operations software that covers the full range of tasks and services required to manage your business, including project management, CAFM and PIM systems.

About Eleco plc

Eleco plc is an AIM-listed (AIM: ELCO) specialist international provider of software and related services to the built environment through its operating brands Elecosoft, BestOutcome and Veeuze from centres of excellence in the UK, Sweden, Germany, the Netherlands and the USA.

The Company's software solutions are trusted by international customers and used throughout the building lifecycle from early planning and design stages to construction, interior fit out, asset management and facilities management to support project management, estimation, visualisation, Building Information Modelling (BIM) and property management.

For further information please visit www.eleco.com .

 
   Eleco plc                                                        +44 (0)20 7422 8000 
   Jonathan Hunter, Chief Executive Officer 
                                                                 ------------------------- 
   Neil Pritchard, Chief Financial Officer 
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   finnCap Limited                                                  +44 (0)20 7220 0500 
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   Geoff Nash/ Emily Watts/ Seamus Fricker (Corporate Finance) 
                                                                 ------------------------- 
   Charlotte Sutcliffe / Harriet Ward (ECM) 
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   SEC Newgate UK                                                   +44 (0)20 3757 6882 
                                                                 ------------------------- 
   Elisabeth Cowell/ Bob Huxford                                    eleco@secnewgate.co.uk 
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