LONDON-- Linguistics software group Arria NLG PLC (NLG.LN)
Friday announced a new 3-year agreement worth $5 million to $10
million between its wholly-owned subsidiary, Arria Data2Text Ltd,
and oil group Royal Dutch Shell PLC's (RDSA.LN) Exploration &
Production company.
MAIN FACTS:
-This agreement provides Arria with annual fees for
non-exclusive use of the Arria NLG Engine to expand NLG decision
support technologies to Shell's offshore platforms across parts of
the Americas.
-Upon full performance of the agreement, which is effective from
June 1, 2014, Shell undertakes to pay Arria $5 to $10 million over
three years.
-Arria shares at 0727 GMT, up 4 pence, or 6.2%, at 60 pence
valuing the company at GBP61.5 million.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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