Elecosoft PLC Launch of new AI visualisation tool
16 January 2020 - 6:00PM
RNS Non-Regulatory
TIDMELCO
Elecosoft PLC
16 January 2020
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(R) 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).
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END
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