RCS - Aukett Swanke Group - Artificial Intelligence Consortium

Aukett SwankeAnnouncement

19/02/2024 07:00

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RNS Number : 5216D  Aukett Swanke Group PLC  19 February 2024

 

REACH

 

19 February 2024

 

Aukett Swanke Group Plc

("Aukett Swanke", "ASG", or, together with its subsidiaries, the "Group")

Artificial Intelligence Consortium

 

Aukett Swanke (AIM: AUK), the group providing Smart Buildings, Architectural
and Design Services, is pleased to announce its participation in a consortium
to develop an AI-Based Recommender System for Smart Energy Saving. The lead
consortium member is a commercial spin-out from a UK research university.
Other members of the consortium include two further UK universities and five
commercial organisations, including engineering and construction companies.

The consortium has been advised that it has succeeded in the Innovate UK
competition "Accelerating trustworthy AI: Phase 2 Collaborative R&D". The
consortium will be awarded approximately £0.9 million from Innovate UK
towards total project costs of approximately £1.2 million.

The project has a 12-month duration commencing March 2024.

Nick Clark, Chief Executive, commented:

"AI will inevitably be necessary to operate smart buildings, and users need to
have confidence that AI decisions are reliable and trustworthy. While Aukett
Swanke's share of the project costs and grant are not material to our
financial results, we are excited to have been invited to join this
impressively broad consortium of academia and industry, as the Group continues
to explore additional opportunities to use Artificial Intelligence in pursuit
of its smart buildings goals."

 

Contacts

Aukett Swanke Group Plc
                                                +44
(0) 20 7843 3000

Clive Carver,
Chairman

Nick Clark, Chief
Executive
 

 

Strand Hanson Limited, Financial and Nominated Adviser
                          +44 (0) 20 7409 3494

Richard Johnson, James
Bellman

 

Zeus Capital Limited, Broker
                                                +44
(0) 20 3829 5000

Simon Johnson, Louisa Waddell

 

Investor/Media
 
         +44 (0) 7979 604 687

Chris Steele

 

About Aukett Swanke Group plc

Aukett Swanke has a strong foundation in architectural services and is on a
transformative journey to become a London-listed provider of Smart Buildings
and related services. ASG are uniquely positioned to ensure the technical
systems that run modern premises are designed as an integral part of the
structure, from the outset.

For more information go to https://www.aukettswankeplc.com
(https://www.aukettswankeplc.com)

 

 

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