Update: Talking farms with FarmLink
FarmLink has signed a five-year licensing agreement for access to Arria’s NLG engine, which will be used to provide field-level analysis to FarmLink’s customers in natural language. Although the details of the agreement have not been disclosed, the quick turnaround from development to full licensing agreement and the expansion to a new vertical are encouraging. Management has also announced its intention to build offshore development capacity to improve gross margins. As a result, we now forecast Arria will approach EBITDA break-even in FY17.Arria NGL is engaged in the development of intellectual property in the form of software and software as a service and the sale of those services to its clients. Co. is focused on the development and commercialization of Natural Language Generation (NLG) technologies. Co.'s main product is known as the Arria NLG Platform. The Arria NLG Platform comprises of two main elements: a language-driven analytics side that is programmed to embody the knowledge of the domain in which it operates; and a natural language generation component, which embodies the skill required to communicate information articulately using natural language.
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