RCS - Insig AI Plc - Update on agreement with CarVal Investors, L.P

Insig AiAnnouncement

28/04/2022 07:15

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RNS Number : 6114J  Insig AI Plc  28 April 2022

REACH

28 April 2022

 

Insig AI plc

("Insig AI" or the "Company")

 

Update on agreement with CarVal Investors, L.P

 

Further to the announcement of 25(th) February 2022, Insig AI
plc (AIM:INSG), the data science and machine learning solutions company, is
pleased to announce that it has now successfully delivered the new ESG scoring
tools to CarVal Investors ("CarVal"), the global alternative investment
manager. These scoring tools will be used by CarVal to optimise a new line of
high yield ("HY") and investment grade ("IG") portfolios based on ESG
considerations.

As previously announced, Insig AI will be entitled to annual fees based on
CarVal's assets under management raised in connection with the HY and/or IG
focused investment pools.

CarVal's proprietary ESG risk scores, combined with Insig AI's Natural
Language Processing disclosure scores, which use the Company's machine
learning techniques, enable rapid analysis of more data, scenarios and
outputs. These capabilities are expected to enable CarVal to make more
detailed ESG-influenced investment decisions.

Colm McVeigh, Chief Executive of Insig AI, said:

 "Using the application of our NLP AI technologies, we are pleased to have
delivered these ESG scores to CarVal and believe this will assist in providing
a competitive advantage for CarVal's new product launch."

About CarVal:

CarVal Investors is an established global alternative investment manager
focused credit-intensive assets and market inefficiencies. Since 1987,
CarVal's team has navigated through ever-changing credit market cycles,
opportunistically investing $133 billion in 5,610 transactions across 82
countries. Today, CarVal has approximately $11 billion in assets under
management in corporate securities, loan portfolios, structured credit and
hard assets. For more information, visit www.carvalinvestors.com
(https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fprotect-eu.mimecast.com%2Fs%2FOAg0CzKrMfMw8J4uXUWX6%3Fdomain%3Dcarvalinvestors.com&data=05%7C01%7Crb%40crystalamber.com%7C316524fe72134a2872fd08da2874a24a%7C2403e1aaab2c45bcb2678f13dbe7f7a1%7C0%7C0%7C637866778649362105%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=zMCYk6TOsOAIQShZ7m2uhzUvtenQZo%2FQNJIzaelKj4k%3D&reserved=0)
.

 

This is a Reach announcement and the information contained is not considered
to be material or to have a significant impact on management's expectations of
the Company's performance. Reach is an investor communication service aimed at
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public domain. Information required to be notified under the AIM Rules for
Companies, Market Abuse Regulation or other regulation would be disseminated
as an RNS regulatory announcement and not on Reach.

 

For further information, please visit www.insg.ai or contact:

 Insig AI plc                                       Via SEC Newgate

 Colm McVeigh, CEO

 Zeus (Nominated Adviser & Broker)                 +44 (0) 203 829 5000

 David Foreman / James Hornigold / Danny Philips

 SEC Newgate (Financial PR)                        +44 (0) 7540 106 366

 Robin Tozer / Richard Bicknell                    insigai@secnewgate.co.uk

 

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