Arria NLG PLC New Agreement with Major Insurance Company (2076C)
January 15 2015 - 2:00AM
UK Regulatory
TIDMNLG
RNS Number : 2076C
Arria NLG PLC
15 January 2015
15 January 2015
Arria NLG plc
("Arria NLG" or the "Company")
New Agreement with Major Insurance Company
Arria NLG (AIM: NLG), a leader in the development and deployment
of Natural Language Generation ("NLG") technologies, announces a
new framework agreement (the "Framework Agreement") with a major
insurance company. Arria's newest client is one of the largest
general insurers in Canada and a wholly-owned subsidiary of a
global multinational insurance company.
The Framework Agreement provides for a pilot application to use
Arria's NLG technology to create monthly management reporting on
critical aspects of one of the insurance company's strategic
business lines and forms the basis for deeper collaboration. The
parties contemplate further development, deployment and licensing
additions to the Framework Agreement upon successful completion of
the pilot application, resulting in additional revenue streams for
Arria NLG.
Stuart Rogers, Chairman and Chief Executive of Arria NLG,
commented: "This agreement with one of the world's leading
insurance companies is a great opportunity for Arria to expand its
powerful Natural Language Generation technologies further into the
Financial Services industry. Working with this insurance company,
we will develop new forms of management reporting and help them
gain greater insights by leveraging mission critical operational
data from their internal applications.
"Arria's technology helps large corporations better understand
what their data is trying to tell them, in a timely fashion, and in
natural language reporting that is tailored to the various
audiences within the company. All of those core capabilities and
benefits are central in the initial project with this insurance
company. This is Arria's second Financial Services client and its
fifth new client in the past six months."
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
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Allenby Capital, Nominated Adviser and Tel: +44 (0)20 3328
Joint Broker 5656
Nick Naylor
Jeremy Porter
James Reeve
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Westhouse Securities, Joint Broker Tel: +44 (0) 20 7601
Antonio Bossi 6100
Robert Finlay
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Walbrook, Financial PR and IR Tel: 44 (0)20 7933
Bob Huxford 8792
Guy McDougall arria@walbrookpr.com
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This information is provided by RNS
The company news service from the London Stock Exchange
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