Elecosoft Regulatory News (ELCO)

Elecosoft Plc

("Elecosoft" or the "Company") 

Launch of its new Artificial Intelligence visualisation tool

Elecosoft (AIM: ELCO), announces the launch of its new Artificial Intelligence ("AI") software tools at the Domotex Show in Hanover in January 2020. The new AI visualisation tools are for use in the interior flooring and materials décor markets and were very well received by customers of Elecosoft's ESIGN GmbH ("ESIGN") and Active Online GmbH ("Active Online") visualisation subsidiaries which are active in these markets worldwide.

John Ketteley, Executive Chairman of Elecosoft, commented:

"Elecosoft's new AI visualisation tool enable consumers and professional interior designers alike to use any photo, taken from a camera, smartphone or handheld device to visualise flooring options in real-time from manufacturers stock libraries. There is no longer the need to manually treat photographs as our AI technology automatically identifies the floor area, plane, scale, reflections and shadows.

In our opinion, the AI visualisation tool enables consumers to make confident decisions when replacing their existing flooring, and in turn represents a significant value add for our B2B clients by improving their sales conversion rates.

The AI visualisation tool itself can also be integrated directly to Elecosoft's Interiormarket and Materialo® visualisation and product information management platforms; and can also be integrated into online stores and e-commerce platforms."

**ENDS**

For further information, please contact:

Elecosoft plc Tel: +44 (0)20 7422 8000

JHB Ketteley, Executive Chairman

Jonathan Hunter, Chief Operating Officer

Ben Moralee, Finance Director

finnCap Ltd Tel: +44 (0)20 7220 0500

Geoff Nash / Kate Washington (Corporate Finance)

Camille Gochez (Corporate Broking)

Newgate Communications Tel: +44 (0)20 3757 6880

Elisabeth Cowell / Isabelle Smurfit

About Elecosoft plc

Elecosoft is a specialist international provider of software and related services to the Architectural, Engineering, Construction and Owner-Operator industries and digital marketing industries from centres of excellence in the UK, Sweden, Germany and the US. Elecosoft's market leading software solutions are developed by teams in the United Kingdom, Sweden and Germany; and its software solutions cover project management, construction site management, estimating, timber engineering, 3D design and visualisation, and cloud based digital marketing solutions. Elecosoft is listed on the Alternative Investment Market in London (AIM: ELCO).