Arria NLG PLC Implementation and Licence Agreement (8110Z)
June 01 2016 - 2:01AM
UK Regulatory
TIDMNLG
RNS Number : 8110Z
Arria NLG PLC
01 June 2016
1 June 2016
Arria NLG plc
("Arria NLG", or "Arria")
Implementation and Licence Agreement
Arria NLG plc (AIM: NLG), a leader in the development and
deployment of Natural Language Generation ("NLG"), announces that
it has successfully converted another initial proof of concept into
two pilot applications which, on successful completion, will be
deployed in the client's live environment for operational
acceptance. The proof of concept was announced on 13 May 2015 with
the UK arm of a global financial services group.
Under the new agreement, Arria will initially implement and
deploy two applications into the chosen divisions of the client's
UK business and parts of its international business for wider
operational testing and user acceptance. Once accepted the
applications are expected to be made available to the whole
business for use in the client's live environment, where staff will
access and use instances of the applications both on and off client
premises. Configuration fees payable for this deployment stage will
be followed by annual licensing fees upon final acceptance by the
client.
Stuart Rogers, Chairman and Chief Executive of Arria NLG,
stated: "We are very pleased to see our initial proof of concept
project develop over 12 months into a pilot programme for our
customer. Our technology will help aid our customer in its
efficiency by delivering smarter, faster and improved outcomes from
its existing business processes.
"We see the evolution from a proof of concept agreement to a
pilot programme as an illustration of the value we can deliver
through our leading natural language generation technologies."
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 Tel: +44 (0)20 3053 8671
Financial 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 Tel: +1 541-326-5847
PR (USA) Tel: +1 203-246-1304
Scott Beaver (West Coast)
Brianna Mulligan (East
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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