Artificial Solutions Announces Further Three-Year Agreement with Swisscom Worth a Minimum of SEK 10.6 Million

Artificial Solutions® (SSME:ASAI), the leading specialist in enterprise-strength conversational AI, announced today an extension to its contract with existing customer Swisscom, a major telecommunications provider in Switzerland. The new contract is worth a minimum of SEK 10.6 million in order intake over three-years, with over half of the value being recognised as revenue in 2020.  The agreement contains mainly higher margin usage and license business and covers both the call center and Swisscom’s Smart TV solutions. The minimum order value could be exceeded as usage across Swisscom’s channels increases.

The order was confirmed on 26 March 2020.

Teneo is Artificial Solutions’ conversational AI development platform that allows business users and developers to collaborate on creating sophisticated, highly intelligent applications in 36 languages, running across any communication channel.

Ends

For more information, please contact:

Lawrence Flynn, CEO,

Artificial Solutions International AB

+46 8 663 54 50

lawrence.flynn@artificial-solutions.com

Erik Penser Bank is Artificial Solutions’ Certified Advisor at Nasdaq First North Growth Market.

Tel: +46 8 463 80 00

certifiedadviser@penser.se

 

The information in this press release is such that Artificial Solutions International AB shall announce publicly according to the EU Regulation No 596/2014 on market abuse (MAR). The information was submitted for publication, through the agency of the contact person set out above, at 26 March 2020 kl. 11:00 CET.

About Artificial Solutions International AB

Artificial Solutions (SSME:ASAI) is the leading specialist in enterprise-strength conversational AI, a type of artificial intelligence that enables people to communicate with applications, websites and internet-connected devices in a human-like manner through voice, text, touch or gesture interaction.

The Company’s advanced AI platform, Teneo, makes it possible for larger global corporations to collaborate with developers and together create sophisticated and highly intelligent conversational AI applications that runs over 35 languages, on multiple platforms and communication channels. The ability to analyze and benefit from the huge amount of conversation data is completely integrated into Teneo, which allows for unmatched insight into the customers’ behaviors.

Artificial Solutions’ technology for conversational AI makes it easy to implement a wide spectrum of applications with natural language, such as virtual assistants, chatbots, voice-based conversational interfaces for smart devices, and more. The technology is already used by millions of people today in hundreds of implementations within both the public and private sector globally. For more information, please visit www.artificial-solutions.com.

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