LONDON (Alliance News) - Arria NLG PLC said Tuesday that it had signed a new proof of concept agreement with an undisclosed systems provider for the aviation industry.
The agreement covers a product using Arria's natural language generation technology to give summaries of the data generated by on-wing turbine engines, which the company said will allow airline operations teams to further optimise their maintenance or refurbishment of jet engines.
Arria said that the successful completion and acceptance of this product could lead to further development, deployment and licensing agreements and new revenue streams for Arria.
"We welcome the opportunity to apply our scientific leadership and highly developed NLG Engine with a leading provider of power systems controls. Following a successful pilot application our intention is to progress to revenue earning contracts with this important new client," said Chairman and Chief Executive Stuart Rogers in a statement.
Shares in Arria are trading up 6.3% at 40.40 pence Tuesday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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