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New Agreement with Major Insurance Company

15th Jan 2015 07:00

RNS Number : 2076C
Arria NLG PLC
15 January 2015
 



 

15 January 2015

Arria NLG plc

 ("Arria NLG" or the "Company")

 

New Agreement with Major Insurance Company

 

Arria NLG (AIM: NLG), a leader in the development and deployment of Natural Language Generation ("NLG") technologies, announces a new framework agreement (the "Framework Agreement") with a major insurance company. Arria's newest client is one of the largest general insurers in Canada and a wholly-owned subsidiary of a global multinational insurance company.

 

The Framework Agreement provides for a pilot application to use Arria's NLG technology to create monthly management reporting on critical aspects of one of the insurance company's strategic business lines and forms the basis for deeper collaboration. The parties contemplate further development, deployment and licensing additions to the Framework Agreement upon successful completion of the pilot application, resulting in additional revenue streams for Arria NLG.

 

Stuart Rogers, Chairman and Chief Executive of Arria NLG, commented: "This agreement with one of the world's leading insurance companies is a great opportunity for Arria to expand its powerful Natural Language Generation technologies further into the Financial Services industry. Working with this insurance company, we will develop new forms of management reporting and help them gain greater insights by leveraging mission critical operational data from their internal applications. 

"Arria's technology helps large corporations better understand what their data is trying to tell them, in a timely fashion, and in natural language reporting that is tailored to the various audiences within the company. All of those core capabilities and benefits are central in the initial project with this insurance company. This is Arria's second Financial Services client and its fifth new client in the past six months."

For further information, please visit www.arria.com or contact:

Arria NLG plc

Stuart Rogers, Chairman and Chief Executive

 

Tel +44 (0) 20 7100 4540

Allenby Capital, Nominated Adviser and Joint Broker

Nick Naylor

Jeremy Porter

James Reeve

Tel: +44 (0)20 3328 5656

 

Westhouse Securities, Joint Broker

Antonio Bossi

Robert Finlay

 

Tel: +44 (0) 20 7601 6100

Walbrook, Financial PR and IR

Bob Huxford

Guy McDougall

 Tel: 44 (0)20 7933 8792

[email protected]

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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