Arria NLG PLC Grant of 8th US Patent (2805Y)
May 16 2016 - 2:00AM
UK Regulatory
TIDMNLG
RNS Number : 2805Y
Arria NLG PLC
16 May 2016
16 May 2016
Arria NLG plc
("Arria NLG", or "Arria")
Grant of 8(th) US Patent
Arria NLG plc (AIM:NLG), a technology leader in the development
and deployment of Natural Language Generation ("NLG"), is to be
granted a patent on its Method, Apparatus, and Computer Program
Product for User-Directed Reporting from the US Patent and
Trademark Office, its eighth patent to date. The Company's Chief
Development Scientist, Dr. Somayajulu Sripada, created this
important new feature, part of the Arria NLG Platform.
The patent covers a new feature of Arria NLG's products, which
automates real-time data analysis and generates reports using
language that follows intuitive rules for how humans communicate
and comprehend information.
The innovations protected by the new patent provide users of the
Arria NLG Platform with an added level of control to query their
data to achieve a deeper understanding.
Users can direct the report output by changing the data
parameters to refine its focus and apply the embedded subject
matter expertise to quickly interrogate their data at the click of
a mouse. For example, financial analyst who receive an NLG report
analysing an entire year of sales data can use an interface to
focus the report on the most recent quarter or on one or a
combination of geographic regions, or by using any other search
criteria that they specify. With one click, the NLG Platform
searches the data afresh, conducts pre-programmed analysis and
produces an amended report responding to the new query.
This, Arria's eighth patent, covers flexible modification of
search parameters not only for reports that may be generated with
Arria NLG's advanced artificial intelligence technology, but also
with more rudimentary, template based NLG systems offered by
several of Arria NLG's competitors.
The new patent is part of a broad diversification plan that
Arria NLG has instituted to enhance versatility and improve ease of
use, as well as to increase the analytic power and actionable
conclusions of its NLG products.
Beginning with the Arria NLG Engine that was capable of applying
pre-programmed subject matter expertise to analysis and narrative
reporting on a prescribed data set, the team behind the Arria NLG
Platform has built features into the Platform that now permit:
1. user modification of reporting parameters (this 8(th) patent);
2. the generation of graphs with NLG annotations;
3. integration of annotated graphs and charts into NLG narrative reports;
4. user drill-down into the data and analytics supporting the automated report; and
5. recursive looping of analytic results to enable variance analysis.
The Directors expect that later this year, Arria NLG will launch
Recount, its first software as a service ("SaaS") product offering
these features and others to accountants and financial managers
worldwide. The Company also expects to introduce Software
Development Kit (SDK) 5.0, an automated NLG report-generating
software toolkit permitting developers, without NLG training, to
embed Arria NLG analytics and reporting into their software and
websites.
Stuart Rogers, Chairman and Chief Executive of Arria NLG,
stated: "This Arria NLG patent opens up automated analysis and
reporting to interactive querying and modification so that a user
can shape the NLG report to their 'up-to-the-minute' needs.
"The ultimate goals of our current product development effort
are to automate the generation of natural language narratives
within websites and to enable professionals in numerous fields to
increase their analytical power and reach by creating their own
applications for automated analysis and reporting from structured
data. Just as today's professionals need to apply their subject
matter expertise and report their conclusions persuasively, in the
future these same professionals will be able to raise the power of
their expertise by automating the analysis and reporting of many of
their key functions, increasing expert productivity and enhancing
their value to their enterprise.
We continue to invest in patenting our IP, with this our eighth
patent to date and fifth in 2016. Protecting our products and
critical processes safeguards our position as one of the leading
developers of AI and NLG innovations and illustrates our dedication
to securing long-term value for our 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 Nominated Tel: +44 (0)20 3328 5656
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
----------------------------- ---------------------------------------
Stockdale 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 founders of
Arria Data2Text Limited 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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