Albert Technologies Ltd 2017 Update and Capital Markets Dinner (2845B)
January 09 2018 - 1:00AM
UK Regulatory
TIDMALB
RNS Number : 2845B
Albert Technologies Ltd
09 January 2018
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation.
9 January 2018
Albert Technologies Ltd.
("Albert Technologies" or the "Company")
2017 Update and Capital Markets Dinner
Albert Technologies (AIM: ALB.L) has ended the 2017 financial
year with a refocused business following the cessation of its
Indirect business and continued momentum in its SaaS business
generated by its proprietary AI technology, Albert.
During 2017 we have succeeded in growing our SaaS business
significantly through both doubling the number of our customers and
delivering a three-fold increase in average monthly revenue per
customer. As announced on 5 December 2017, we expect SaaS revenues
of at least US$1.7m for the year ended 31 December 2017, having
achieved an annualised run-rate of over US$3m in the final quarter
of 2017. The cash balance as at 31 December 2017 is expected to be
approximately US$11m.
The Board will be hosting a Capital Markets Dinner on 10 January
2018 for analysts and institutional investors. The Dinner will take
place in London, will focus on 'AI and the Advertising Industry -
Change and Opportunity' and will include a presentation by
Forrester Research. The event is aimed at providing an insight into
industry developments and the Company's long-term AI-focused
strategy. No unpublished price sensitive information will be
disclosed at the event. Following the event, the presentation will
be made available on the Company's website at
https://albert.ai.
For further information, please contact:
Albert Technologies Tel: +972 3537
Ltd. 7137
Or Shani, Chief Executive
Officer
Yoram Freund, Chief
Financial Officer
https://albert.ai/
Liberum (NOMAD and Tel: +44 20 3100
Broker) 2000
Neil Patel / Chris
Clarke / Jonathan
Wilkes-Green
Powerscourt Tel: +44 20 7324
0492
John Elliott / Celine +44 7 894 709
MacDougall 826
About Albert Technologies Ltd.
Albert (AIM: ALB.L) is the first-ever fully autonomous
artificial intelligence marketing platform, driving digital
marketing campaigns from start to finish for some of the world's
leading brands. Albert's mission is to liberate businesses from the
complexities of digital marketing-not just by replicating their
existing efforts, but by executing them at a pace and scale not
previously possible. He serves as a highly intelligent and
sophisticated member of brands' marketing teams, wading through
mass amounts of data, converting this data into insights, and
autonomously acting on these insights, across channels, devices and
formats, in real time. This eliminates the manual and
time-consuming tasks that currently limit the effectiveness and
results of modern digital advertising and marketing. Brands such as
Harley Davidson, EVISU, The Big Red Group, and Dole Asia credit
Albert with significantly increased sales, an accelerated path to
revenue, the ability to make more informed investment decisions,
and reduced operational costs.
The Company's core focus is its SaaS Sales Channel, which offers
its artificial intelligence-based software, Albert, to brands using
a SaaS model. Albert Technologies Ltd. listed in 2015 to accelerate
both investment into and commercialisation of Albert.
The Company and Albert have received many awards in its short
existence, including two platinum MarCom awards and silver in the
Best in Biz awards 2016 for best new product of the year. Albert
was also named AI Application of the Year by The Global Annual
Achievement Awards for Artificial Intelligence.
About Albert
Albert replaces the human campaign manager in managing a brand's
online advertising campaigns. A brand provides Albert with access
to its Google, Facebook, Bing, Twitter and other online marketing
channels. When a brand manager wishes to launch a new online
advertising campaign, she simply logs into Albert and deploys that
new campaign, which is usually no more than a 15 minute task.
Albert autonomously creates hundreds of micro campaigns across
all relevant online marketing channels (Google, Facebook, Bing,
Twitter, Instagram, Display, Email, etc), then reviews these
hundreds of micro campaigns every few minutes and optimises each of
them as needed. Albert works in very much the same way that a human
campaign manager would, making correlation and cost/benefit based
decisions.
Where an experienced campaign manager could possibly make circa
100 decisions per day, Albert can make thousands per minute.
Albert's ability to launch hundreds of micro strategies and review
and amend them all every few minutes typically brings about a
significant increase in ROI. In addition, all learnings from the
decisions made remain in house, so the brand has full and instant
transparency and can easily scale up marketing activity through
larger budgets or application to new brands and new geographies
without hiring new expert campaign managers.
FORWARD LOOKING STATEMENT
This announcement includes statements that are, or may be deemed
to be, "forward-looking statements". By their nature,
forward-looking statements involve risk and uncertainty since they
relate to future events and circumstances. Actual results may, and
often do, differ materially from any forward-looking statements.
Any forward-looking statements in this announcement reflect Albert
Technologies' view with respect to future events as at the date of
this announcement. Save as required by law or by the AIM Rules for
Companies, Albert Technologies undertakes no obligation to publicly
revise any forward-looking statements in this announcement
following any change in its expectations or to reflect events or
circumstances after the date of this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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