Eleco PLC Partnership between Elecosoft and Nodes & Links
September 07 2023 - 1:00AM
RNS Non-Regulatory
TIDMELCO
Eleco PLC
07 September 2023
RNS REACH
7th September 2023
Eleco Plc
("Eleco", the "Group" or the "Company")
Partnership between Elecosoft and Nodes & Links:
Elecosoft and Nodes & Links bring AI into the world of
construction planning
The Board of Eleco plc (AIM: ELCO), the specialist software
provider for the built environment, is pleased to announce that its
trading Building Lifecycle branded business Elecosoft has entered
into a partnership with the AI planning co-pilot platform, Nodes
& Links, to provide enhanced AI capabilities to the customers
of its award-winning Asta Powerproject solution.
The AI capability will provide greater reliability and programme
forecasting whilst improved risk management will reduce the time
and cost overruns that continue to impact projects, in turn
improving productivity.
Over the next three years, as the partnership and technology
advances, generative AI will support and enable project delivery
teams to focus on high-value activities like strategy development,
acceleration analysis, risk reduction and leadership. Construction
company BAM Nuttall is the first Elecosoft customer to take
advantage of the partnership.
Mark Chapman, Head of Innovation at Elecosoft , said:
" Elecosoft has a long, proven history of listening to client
feedback and adapting our services to meet their current and future
pain points. This partnership is underpinned by deep industry
knowledge and a commitment to our customers, from both sides. The
combined power of the Asta Powerproject ecosystem - which helps
teams plan reliably - and the insights and time-saving capabilities
of Nodes & Links will be a genuine game-changer for project
planning. Meanwhile, we are continuing to curate an ecosystem of
industry partners and customer focussed emerging technology that is
easier for customers to deploy, use and get fast results from."
Greg Lawton, CEO of Nodes & Links , said:
"Our goal is to integrate AI assistants into all parts of the
scheduling process, covering planning, updating, analysing and
reporting and then planners will be able directly to influence and
lead their own teams of AI assistants so that additional expertise
can be incorporated in the interpretation of real time information.
This is the first step in an exciting partnership that has the
potential to re-invent planning and transform the industry."
About Nodes & Links
Nodes & Links was founded in 2018 to bring AI Assistants to
the Project Management Office (PMO). Founding the company, Greg
Lawton and Christos Ellinas saw AI Assistants as a force for good
that had the potential to save people time, making their days
easier and helping to deliver major projects. Upon realising that
such Assistants were an inevitable creation of humanity they set
about designing them to respectfully work for and with planners and
controllers in the Project Management Office. Today the company is
deployed in 21 countries on thousands of projects, and is growing
at over 300% per year. They lead the world in the development of AI
Assistants for the PMO.
About Elecosoft
Elecosoft is an operations software that covers the full range
of tasks and services required to manage your business, including
project management, CAFM and PIM systems.
About Eleco plc
Eleco plc is an AIM-listed (AIM: ELCO) specialist international
provider of software and related services to the built environment
through its operating brands Elecosoft, BestOutcome and Veeuze from
centres of excellence in the UK, Sweden, Germany, the Netherlands
and the USA.
The Company's software solutions are trusted by international
customers and used throughout the building lifecycle from early
planning and design stages to construction, interior fit out, asset
management and facilities management to support project management,
estimation, visualisation, Building Information Modelling (BIM) and
property management.
For further information please visit www.eleco.com .
Eleco plc +44 (0)20 7422 8000
Jonathan Hunter, Chief Executive Officer
-------------------------
Neil Pritchard, Chief Financial Officer
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finnCap Limited +44 (0)20 7220 0500
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Geoff Nash/ Emily Watts/ Seamus Fricker (Corporate Finance)
-------------------------
Charlotte Sutcliffe / Harriet Ward (ECM)
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SEC Newgate UK +44 (0)20 3757 6882
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Elisabeth Cowell/ Bob Huxford eleco@secnewgate.co.uk
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