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Grant of 8th US Patent

16 May 2016 07:00

RNS Number : 2805Y
Arria NLG PLC
16 May 2016
 

16 May 2016

 

Arria NLG plc

("Arria NLG", or "Arria")

 

Grant of 8th US Patent

Arria NLG plc (AIM:NLG), a technology leader in the development and deployment of Natural Language Generation ("NLG"), is to be granted a patent on its Method, Apparatus, and Computer Program Product for User-Directed Reporting from the US Patent and Trademark Office, its eighth patent to date. The Company's Chief Development Scientist, Dr. Somayajulu Sripada, created this important new feature, part of the Arria NLG Platform.

The patent covers a new feature of Arria NLG's products, which automates real-time data analysis and generates reports using language that follows intuitive rules for how humans communicate and comprehend information.

The innovations protected by the new patent provide users of the Arria NLG Platform with an added level of control to query their data to achieve a deeper understanding.

Users can direct the report output by changing the data parameters to refine its focus and apply the embedded subject matter expertise to quickly interrogate their data at the click of a mouse. For example, financial analyst who receive an NLG report analysing an entire year of sales data can use an interface to focus the report on the most recent quarter or on one or a combination of geographic regions, or by using any other search criteria that they specify. With one click, the NLG Platform searches the data afresh, conducts pre-programmed analysis and produces an amended report responding to the new query.

This, Arria's eighth patent, covers flexible modification of search parameters not only for reports that may be generated with Arria NLG's advanced artificial intelligence technology, but also with more rudimentary, template based NLG systems offered by several of Arria NLG's competitors.

The new patent is part of a broad diversification plan that Arria NLG has instituted to enhance versatility and improve ease of use, as well as to increase the analytic power and actionable conclusions of its NLG products.

Beginning with the Arria NLG Engine that was capable of applying pre-programmed subject matter expertise to analysis and narrative reporting on a prescribed data set, the team behind the Arria NLG Platform has built features into the Platform that now permit:

1. user modification of reporting parameters (this 8th patent);

2. the generation of graphs with NLG annotations;

3. integration of annotated graphs and charts into NLG narrative reports;

4. user drill-down into the data and analytics supporting the automated report; and

5. recursive looping of analytic results to enable variance analysis.

The Directors expect that later this year, Arria NLG will launch Recount, its first software as a service ("SaaS") product offering these features and others to accountants and financial managers worldwide. The Company also expects to introduce Software Development Kit (SDK) 5.0, an automated NLG report-generating software toolkit permitting developers, without NLG training, to embed Arria NLG analytics and reporting into their software and websites.

Stuart Rogers, Chairman and Chief Executive of Arria NLG, stated: "This Arria NLG patent opens up automated analysis and reporting to interactive querying and modification so that a user can shape the NLG report to their 'up-to-the-minute' needs.

"The ultimate goals of our current product development effort are to automate the generation of natural language narratives within websites and to enable professionals in numerous fields to increase their analytical power and reach by creating their own applications for automated analysis and reporting from structured data. Just as today's professionals need to apply their subject matter expertise and report their conclusions persuasively, in the future these same professionals will be able to raise the power of their expertise by automating the analysis and reporting of many of their key functions, increasing expert productivity and enhancing their value to their enterprise.

We continue to invest in patenting our IP, with this our eighth patent to date and fifth in 2016. Protecting our products and critical processes safeguards our position as one of the leading developers of AI and NLG innovations and illustrates our dedication to securing long-term value for our shareholders."

For further information, please visit www.arria.com or contact:

Arria NLG plc

Stuart Rogers

Chairman and Chief Executive

Tel +44 (0)20 7100 4540

Allenby Capital Nominated Adviser & Joint Broker

Nick Naylor

Jeremy Porter

James Reeve

Tel: +44 (0)20 3328 5656

MSL Capital Markets Lead Manager

Andrew McDouall

Justine Dunnett

Peter Lynds

Tel: +64 (0)4 472 2716

Stockdale Securities

Joint Broker

Antonio Bossi

Robert Finlay

Tel: +44 (0)20 7601 6100

IFC Advisory Financial PR and IR

Tim Metcalfe

Graham Herring

Heather Armstrong

Tel: +44 (0)20 3053 8671

tim.metcalfe@investor-focus.co.uk

graham.herring@investor-focus.co.uk

heather.armstrong@investor-focus.co.uk

Ruder Finn PR (USA)

Scott Beaver (West Coast)

Brianna Mulligan (East Coast)

 

Tel: +1 541-326-5847

Tel: +1 203-246-1304

 

 

Arria NLG

 

Arria NLG's core product is known as the Arria NLG Platform, a form of artificial intelligence software specialised in extracting information from complex data sources and communicating that information in natural language (i.e. as if written by a human). The scientific foundation for the Arria NLG Platform is based on more than 30 years of research and development by the founders of Arria Data2Text Limited at the University of Aberdeen. For additional information, visit www.arria.com. Follow Arria NLG on Twitter, LinkedIn, Google+ and YouTube.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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