Arria NLG PLC Further pilot programmes secured
July 12 2016 - 2:00AM
RNS Non-Regulatory
TIDMNLG
Arria NLG PLC
12 July 2016
12 July 2016
Arria NLG plc
("Arria NLG" or the "Company")
Further pilot programmes secured
Arria NLG (AIM: NLG.L), a technology leader in Natural Language
Generation ("NLG"), is pleased to announce that it has recently
secured two paid pilot programmes from within the financial
services industry for its NLG software technology.
One programme concerns automating internal reporting for a large
North American bank, and the other is providing summarized
portfolio performance reports for the clients of a US brokerage and
banking corporation. Both pilot programmes are expected to
transition into recurring revenue licensing agreements upon
successful completion of the pilot.
The directors of Arria NLG believe the demand for NLG
applications in the Americas continues to increase as the need for
businesses to implement an AI strategy becomes apparent.
Stuart Rogers, Chairman and Chief Executive of Arria NLG,
commented: "Arria NLG's engagement with global organisations to
assess incorporating our NLG technologies into their business
applications continues to accelerate and we are delighted to have
secured these two new pilot programmes."
"There are enormous and ever-growing data sets about finance, as
well as many other critical business segments, creating vast
analytical challenges to businesses. These data sets can be mined
for insights that have the potential to radically change and
improve the value and timeliness of a company's core information.
These new client engagements illustrate the growing potential of
using NLG in business. In addition, as Arria NLG continues to gain
new clients to its platform technologies, our company is nearing
release of two new offerings, one in the Software as a Service
(SaaS) space involving providing CFO-level financial narrative
insights to third-party accounting packages, and the other in the
form of a software developer's toolkit (SDK)."
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
----------------------------- ---------------------------------------
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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