Arria NLG PLC Agreement with Leading Aviation Systems Provider (1746U)
October 14 2014 - 2:00AM
UK Regulatory
TIDMNLG
RNS Number : 1746U
Arria NLG PLC
14 October 2014
14 October 2014
Arria NLG plc
("Arria" or the "Company")
Proof of Concept Agreement with a Leading Systems Provider to
the Aviation Industry
Arria NLG plc (AIM: NLG), a leader in the development and
deployment of Natural Language Generation ("NLG") technologies,
announces a new collaborative proof of concept agreement with a
leading provider of power systems controls intelligence to the
aviation industry (the "POC Agreement").
The POC Agreement provides for a pilot application to use
Arria's NLG technology for narrative summaries on the data
generated by on-wing turbine engines. These data driven summaries
will enable airline operations teams to further optimise their
maintenance or refurbishment of jet engines.
The project should result in the more efficient handling of the
vast amounts of inflight engine performance data, enabling the
maintenance programmes to be conducted with greater efficiency and
at a lower cost for both the service provider and the airline
operators. Successful completion and acceptance of the pilot NLG
application could lead to further development, deployment and
licensing agreements and new revenue streams for Arria.
Stuart Rogers, Chairman and Chief Executive of Arria NLG plc,
commented: "This is an exciting development for Arria in that this
POC Agreement will leverage our extensive work with complex
rotating equipment in the Oil & Gas Industry, developing
applications in the Aviation Industry that will deliver efficiency
gains and other cost benefits. Given turbines are such critical and
widely deployed pieces of equipment in so many major industries -
Oil & Gas, Aviation, Energy, and Defence - this agreement
represents a significant opportunity to extend the reach of Arria's
NLG applications. We welcome the opportunity to apply our
scientific leadership and highly developed NLG Engine with a
leading provider of power systems controls. Following a successful
pilot application our intention is to progress to revenue earning
contracts with this important new client."
The Arria NLG Engine:
The Arria NLG Engine is the software at the frontier of
Artificial Intelligence, Data Analytics and Computational
Linguistics. Key features of the Arria NLG Engine include:
-- allowing Arria clients to capture, in software, the human
expertise used in both analysing data and in communicating the
information that data contains;
-- making it possible to automatically write reports that are
indistinguishable from those that a human expert would write to
convey actionable conclusions; and
-- because the knowledge is embodied in software, the Arria NLG
Engine produces results in seconds rather than hours and can be
replicated, scaled up, and made available globally, 24 hours a day,
7 days a week and 365 days a year.
For further information, please visit www.arria.com or
contact:
Arria NLG plc Tel +44 (0) 20 7100
Stuart Rogers, Chairman and Chief Executive 4540
--------------------------------------------- -----------------------
Allenby Capital, Nominated Adviser and Tel: +44 (0)20 3328
Joint Broker 5656
Nick Naylor
Jeremy Porter
James Reeve
--------------------------------------------- -----------------------
Westhouse Securities, Joint Broker Tel: +44 (0) 20 7601
Antonio Bossi 6100
Robert Finlay
--------------------------------------------- -----------------------
Walbrook, Financial PR and IR Tel: 44 (0)20 7933
Bob Huxford 8792
Guy McDougall arria@walbrookpr.com
--------------------------------------------- -----------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGRUOVVRSBARAAA
Arria Nlg Ords (LSE:NLG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Arria Nlg Ords (LSE:NLG)
Historical Stock Chart
From Jul 2023 to Jul 2024