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Elecosoft Shares Jump After Roll Out Of New Visualisation Tools

16th Jan 2020 14:39

(Alliance News) - London-based Elecosoft PLC on Thursday said it has launched new artificial intelligence software tools for use in the interior flooring and materials decor markets.

The AIM-listed construction software developer said the new tools were "very well" received by customers of Elecosoft's ESIGN GmbH and Active Online GmbH, the company's visualisation subsidiaries.

"Elecosoft's new AI visualisation tool enable consumers and professional interior designers alike to use any photo, taken from a camera, smartphone or handheld device to visualise flooring options in real-time from manufacturers stock libraries. There is no longer the need to manually treat photographs as our AI technology automatically identifies the floor area, plane, scale, reflections and shadows," explained Executive Chair John Ketteley.

Elecosoft shares were trading 11% higher in London on Thursday at 87.75 pence each.

By Evelina Grecenko; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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