NLG.L Share News (NLG)

Arria NLG, which owns technology that can transform large sets of data into manageable reports, has been signed up for a pilot contract with the UK arm of a large financial services company.The AIM-listed company, which last month lost Shell as a client, said the main focus of the pilot was to demonstrate whether Arria's natural language generation (NLG) software could produce reports that could be used as part of the client's reporting system.If successful, the pilot could lead to a full contract and licensing revenues.Chairman and chief executive Stuart Rogers stated: "We are pleased to have this opportunity to explore the expansion of our NLG capabilities further into the broader financial services sector."The proposed pilot application is an innovative use of NLG capabilities, and if successful, will demonstrate further our ability to help our clients improve parts of their business processes to deliver smarter, faster and better outcomes."Earlier in the week the company announced a multi-lingual contract.Broker Westhouse said that, unlike the earlier contract, "the key here seems to be speed of production of written commentary based on a large number of financial items"."Clearly another positive, and were it not for the Shell loss, the last few months' contract flow would have been seen as a major vindication of the group's strategy."