Arria NLG PLC Framework Agreement with Major US Utility Company (6387K)

TIDMNLG

RNS Number : 6387K

Arria NLG PLC

04 January 2016

4 January 2016

Arria NLG plc

("Arria NLG" or the "Company")

Framework Agreement with major US Utility Company

Arria NLG (AIM: NLG), a leader in the development and deployment of Natural Language Generation ("NLG") technologies, is pleased to announce that the Company has signed a Framework Agreement for configuration, development and licensing of applications using Arria NLG's patented NLG software with a major electric utility in the Eastern region of the United States.

The contract outlines a statement of work and costs for an initial application to create a problem-detection dashboard in one of the utility's regional operation units, with specific deployment, licensing and payment schedules. Additionally, the framework agreement provides the terms for future configuration, deployment and licensing of further applications using Arria's NLG technologies.

Arria NLG Chairman and Chief Executive Stuart Rogers said, "We are delighted that the Company has entered into this services and licensing agreement, which expands our NLG offering into the utilities sector. The application is the result of the exceptional technical expertise of our client's engineers, in combination with Arria's unique capabilities in computational linguistics and developing NLG applications. As this powerful decision-support application is deployed and gains broadening use at our client's sites, we anticipate increased opportunity in this industry, serving both this new client and other utilities in the United States and worldwide."

For further information, please visit www.arria.com or contact:

 
Arria NLG plc                  Tel +44 (0)20 7100 4540 
 Stuart Rogers 
 Chairman and Chief Executive 
-----------------------------  --------------------------------------- 
Allenby Capital                Tel: +44 (0)20 3328 5656 
 Nominated Adviser & 
 Joint Broker 
 Nick Naylor 
 Jeremy Porter 
 James Reeve 
-----------------------------  --------------------------------------- 
MSL Capital Markets            Tel: +64 (0)4 472 2716 
 - Lead Manager 
 Andrew McDouall 
 Justine Dunnett 
 Peter Lynds 
-----------------------------  --------------------------------------- 
Westhouse Securities           Tel: +44 (0)20 7601 6100 
 - Joint Broker 
 Antonio Bossi 
 Robert Finlay 
-----------------------------  --------------------------------------- 
IFC Advisory - Financial       Tel: +44 (0)20 3053 8671 
 PR and IR                      tim.metcalfe@investor-focus.co.uk 
 Tim Metcalfe                   graham.herring@investor-focus.co.uk 
 Graham Herring                 heather.armstrong@investor-focus.co.uk 
 Heather Armstrong 
-----------------------------  --------------------------------------- 
Ruder Finn - PR (USA) 
 Scott Beaver (West Coast)       Tel: +1 541-326-5847 
 Brianna Mulligan (East          Tel: +1 203-246-1304 
 Coast) 
-----------------------------  ---------------------------------------

Arria NLG

Arria NLG's core product is known as the Arria NLG Platform, a form of artificial intelligence software, specialised in extracting information from complex data sources and communicating that information in natural language (i.e. as if written by a human). The scientific foundation for the Arria NLG Platform is based on more than 30 years of research and development by the Data2Text Founders at the University of Aberdeen. For additional information, visit www.arria.com. Follow Arria NLG on Twitter, LinkedIn, Google+ and YouTube.

This information is provided by RNS

The company news service from the London Stock Exchange

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