RNS29 Oct 2024 07:23
Interesting part is the forward potential.
The final section mentions:
· Launched new AI-powered classification solution - now live with four customers
· New contracts won with a blue-chip European med-tech company and international transport consultancy
· Implemented key operational enhancements to drive margin improvement
· Secured, post year end, a major new client that is a leading global technology company and household name
Paul Watts, CEO of Rosslyn, said:
"Following a period of significant transition as we transformed our business - having reset our strategy, had that strategy validated and established the foundations to execute - we believe that we are now at an inflection point. We are particularly pleased with the progress that we have made with our AI-powered solution, AiCE - and the contribution our AI development made to securing our major new client win, which is of substantial significance and a further validation of our strategy.
"Looking ahead, we are now ramping up our sales & marketing activities following our recent fundraise, particularly to support the commercial launch of AiCE, which marks our transition to delivering 'spend intelligence' and going beyond spend analytics or data visualisation. By unlocking the value of data that sits across the supply chain, we can provide the strategic insights that are required by procurement teams today. Accordingly, and with our recent fundraise and the improvements made to our operational model during the year, we remain greatly excited about Rosslyn's prospects."