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.

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. 1100 CET.