Announcement
IntelliAM AI plc - Contract
RNS Number : 4469Z
IntelliAM AI PLC
07 August 2024
7 August 2024
IntelliAM AI plc
("IntelliAM" or the "Company")
IntelliAM AI secures contract extension with global leader in beverage alcohol
IntelliAM AI plc (AQSE: INT), a leading provider of software that leverages the power of AI and machine learning to revolutionize the manufacturing industry, announces a significant extension to an existing agreement with a global leader in beverage alcohol ("the Customer") through its consulting division.
Growing the existing relationship from a few sites, under the terms of the extended agreement, IntelliAM will provide its cutting-edge industrial asset management services across more than 35 maltings sites in the UK. The extended contract is valued at a minimum of £100,000 per annum over the next two years, reflecting the ongoing commitment to enhance reliability and operational efficiency through advanced data driven and asset care solutions. The contract extension makes the Customer one of the consulting division's top customers by revenue.
Tom Clayton, CEO of IntelliAM AI plc, commented: "We are thrilled to extend our services across multiple UK sites for this client. This partnership is a testament to the value that our asset management services bring to our customers. Our consulting division is dedicated to delivering enhanced operational and maintenance efficiency and we look forward to driving improvements for this client. As one of our largest consulting customers, we look forward to introducing them to the benefits our machine learning offerings."
About IntelliAM AI plc:
IntelliAM AI plc specializes in developing AI-powered software solutions for the manufacturing industry. Our platform harnesses the power of machine learning to optimize industrial asset management, improve productivity, and reduce operational costs. For more information, visit www.intelliam.com.
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Enquiries:
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IntelliAM AI plc Tom Clayton, Chief Executive Officer Daud Khan, Chief Financial Officer
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+44 114 299 5007 |
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Oberon Capital - AQSE Corporate Adviser and Broker Adam Pollock Mike Seabrook Jessica Cave
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+44 203 179 5300 |
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Square1 Consulting - Financial PR David Bick |
+44 207 929 5599 +44 7831 381201 |
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