4th Aug 2015 09:23
LONDON (Alliance News) - Arria NLG PLC Tuesday said it has received notice from the US Patent and Trademark Office that its application for a patent on its configurable Microplanner will be granted.
The technology company, which specialises in natural language generation, said that the configurable Microplanner, part of the Arria NLG Software Engine, is directly configurable via the specification of rules dictating how sentences should be compiled from component words, phrases and context.
"This new patent protects a key part of the automation of the Natural Language Generation process that we believe significantly distinguishes our software from other players in the field. Older NLG models depend on two distinct processes: content determination (including data analysis) followed by linguistic rendering. Arria's Microplanning technology links them, affording a degree of control and flexibility that allows the Arria NLG Software Engine to create significantly more articulate reports and narratives," Chief Scientist Ehud Reiter said in a statement.
In a separate statement, Arria said that it expects to receive approximately GBP2.9 million during the next two weeks from the GBP3.8 million it raised in June through the subscription of convertible loan notes and the early drawdown of an existing loan note.
Shares in Arria were trading up 24% at 41.00 pence Tuesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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