Arria NLG PLC Grant of 6th US Patent (8696N)
February 03 2016 - 2:00AM
UK Regulatory
TIDMNLG
RNS Number : 8696N
Arria NLG PLC
03 February 2016
3 February 2016
Arria NLG plc
("Arria NLG" or the "Company")
Grant of 6(th) US Patent
Arria NLG plc (AIM:NLG), a technology leader in Natural Language
Generation ("NLG"), is pleased to announce that it has received
notice from the United States Patent and Trademark Office that its
application for a patent on its Method And Apparatus For Updating A
Previously Generated Text will be granted. The Company's Chief
Strategy Scientist, Dr. Robert Dale, and senior members of Arria
NLG's software development team created this important new feature
of the Arria NLG Platform.
The new patent covers a key component of Arria NLG's information
analysis and delivery products. The Company's products not only
automate the real-time analysis and delivery of reports, they also
dynamically update the reports as frequently as the user desires,
or in response to changes in the data such as alert thresholds
being crossed more frequently or to a greater degree.
A less intelligent NLG system typically re-writes the report,
often a very different report from the one originally created,
whereas the new patented features allow the Arria NLG Platform to
update the existing report in a more concurrent fashion, an
approach that a human expert would take when updating his or her
own work. As the data from the underlying transactions (be it
market trends or industrial or extractive operations) is
continuously updating or changing, Arria NLG's products - the
analysis and reporting function - constantly updates with the data,
responding dynamically and with best-practice outputs to the
changed circumstances.
Arria NLG's patents and patent applications cover critical NLG
processes that the Company currently applies to innovative
applications delivered to its growing list of global clients, as
well as to a range of SaaS-delivered packaged applications that are
in development for a number of markets. The patents also apply to
the Company's proprietary Software Development Toolkit ("SDK").
Arria NLG's expanding patent portfolio strengthens its plan to
become the global leader in automating data analysis and
information delivery in any industrial or consumer setting.
The Arria NLG Platform uses NLG, robotic automation and AI
(artificial intelligence) evaluation methods to provide real-time
advanced data analysis and insights that help automate financial
operations, such as credit reporting, financial planning and
analysis (FP&A) and period end financial reporting. Most credit
reporting and related processes depend on simple spreadsheet and
basic technology, disintegrated data sources, slow and manual
processes, and rules-based analysis supplemented by human-generated
compilation, analysis and reporting.
These currently dis-integrated processes hinder enterprises'
ability to make fast, accurate, consistent and insightful decisions
and forecasts. Arria NLG makes financial reporting operations more
intelligent, provides greater levels of accuracy and faster
execution. The intelligent automation that Arria NLG delivers also
helps eliminate individual error, inconsistency and bias.
Stuart Rogers, Chairman and Chief Executive of Arria NLG,
stated: "Arria NLG has an active IP strategy and remains focused on
securing US patents on its key innovations in natural language
generation.
We feel it is prudent to continue to lay the foundations to
safeguard our products and critical processes, ensuring their
protection, whilst also maintaining our position as one of the
leading NLG and AI innovators.
This, the sixth US patent to be granted to Arria NLG,
demonstrates our commitment to building unrivaled technology and
securing greater long-term value for shareholders."
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
END
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