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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 for...
Arria NLG is an early stage software company commercialising proprietary natural language generation (NLG) technology, which translates data from digital sensors, instruments or databases into an easily understood natural language output. The initial focus has been the oil and gas industry, where the recent deal with Shell marks a major milestone, with total revenues in our view likely to be in excess of US$10m over the next three years. The range of markets into which the technology can be appl...
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