RCS - Eleco PLC - Partnership between Elecosoft and Nodes & Links

ElecoAnnouncement

07/09/2023 07:00

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RNS Number : 6415L  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
(https://www.bamnuttall.co.uk/) is the first Elecosoft customer to take
advantage of the partnership.

 

Mark Chapman, Head of Innovation at Elecosoft (https://elecosoft.com/) , said:

 

"Elecosoft (https://elecosoft.com/) 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 (http://astapowerproject.net/products/asta-powerproject/)
ecosystem - which helps teams plan reliably - and the insights and time-saving
capabilities of Nodes & Links (https://www.nodeslinks.com/) 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 (https://www.nodeslinks.com/) , 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 (https://www.nodeslinks.com/)

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 (https://elecosoft.com/)   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
(http://www.elecosoft.com/) .

 

 

 Eleco plc                                                    +44 (0)20 7422 8000
 Jonathan Hunter, Chief Executive Officer
 Neil Pritchard, Chief Financial Officer

 finnCap Limited                                              +44 (0)20 7220 0500
 Geoff Nash/ Emily Watts/ Seamus Fricker (Corporate Finance)
 Charlotte Sutcliffe / Harriet Ward (ECM)

 SEC Newgate UK                                               +44 (0)20 3757 6882
 Elisabeth Cowell/ Bob Huxford                                eleco@secnewgate.co.uk (mailto:eleco@secnewgate.co.uk)

 

 

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