REG - StreaksAI PLC - Partnership with WeShop

StreaksaiAnnouncement

03/08/2023 07:00

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RNS Number : 1413I  StreaksAI PLC  03 August 2023

3(rd) August 2023

 

Streaks AI PLC

 ('Streaks' or 'the Company')

Partnership with WeShop Social Selling Platform

 

Streaks AI PLC (LSE: STK), a UK-based generative AI platform, is pleased to
announce that it is entering into a partnership with WeShop, a community owned
social commerce platform that combines shopping with social media and has a
network of over 1,300 influencers with a combined reach of over 50 million
followers.

As a result of the partnership, Streaks will utilise its conversational AI
technology to enhance the WeShop platform by providing shoppers with enhanced
and personalised customer services using AI-powered chatbots modeled after the
platform's 1,300 influencers. The generative AI provided by Streaks will
deliver a human-like, intuitive conversational interface for shoppers seeking
in-platform assistance including addressing queries, resolving issues, or
receiving product information.

The automation and personalisation of WeShop's online customer services will
deliver increased operational efficiency for WeShop while being scalable.

In addition to enhancing customer services, Streaks will also enable WeShop's
network of 1,300 influencers to improve their brand advocacy and increase
their reach amongst followers. Streaks will harness their existing social
media content and data to generate AI-clone interactive chatbots that amplify
their customer presence.

The partnership will generate revenues for Streaks via influencer's followers
subscribing for access to their individualised chatbot. WeShop will share in
this revenue as part of the partnership while providing distribution to their
network.

WeShop will also gain access to Streaks' data analytics platform giving WeShop
clarity on consumer trends and insights.

The WeShop app lists over 500 major retailers on the platform and has over 1.5
billion products available.

Tennyson Securities acted as advisor to Streaks AI in the partnership
negotiations.

Mark Rutledge, CEO of Streaks, said: "We are thrilled to join hands with
WeShop, a trailblazer in the social selling domain. Together, we will redefine
customer service and engagement, enabling brands to build stronger connections
with their audience. This partnership marks the beginning of a new era, where
AI and social selling merge to create unforgettable experiences for
customers."

Richard Griffiths, Chairman of WeShop Holdings Limited, said: "Collaborating
with Streaks opens up endless possibilities for our community of influencers
and brands. With AI-driven engagement tools giving personalised experiences
automatically to their followers, our influencers can focus on what they do
best - creating amazing content and messaging. We look forward to the journey
ahead."

About Streaks:

Streaks AI PLC is a provider of AI based conversational technologies. The
Company offers two core products in the gaming and conversational AI space.

For more information on the Conversational Gaming AI product, please visit
(http://www.playstreaks.com/) www.playstreaks.com
(http://www.playstreaks.com/) .

For more information on the Conversational AI product, please visit
(http://www.streaks.ai/) www.streaks.ai (http://www.streaks.ai/) .

About WeShop:

WeShop is a dynamic social selling platform that connects brands with a
network of 1,300 influencers, facilitating authentic product experiences and
brand advocacy. By harnessing the power of influencer marketing, WeShop
empowers brands to reach wider audiences and build thriving communities of
loyal customers. (https://we.shop/) https://we.shop/ (https://we.shop/) .

This announcement may contain "forward-looking" statements and information
relating to the Company. These statements are based on the beliefs of Company
management, as well as assumptions made by and information currently available
to Company management. The Company does not undertake to update
forward‐looking statements or forward‐looking information, except as
required by law.

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the
publication of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public domain.

For further information please contact:

 

 Streaks AI PLC
 Mike Edwards                        via First Sentinel

                                     +44 203 989 2222

 Non-Executive Chairman
 Tennyson Securities
 Corporate Broker

 Peter Krens                         +44 207 186 9030
 First Sentinel
 Corporate Broker

 Brian Stockbridge                   +44 203 989 2200
 Tancredi Intelligent Communication
 Media Relations

 Helen Humphrey                      +44 744 922 6720

 Charlie Hobbs                       +44 7897 557112

 Jasmine Gadhavi                     +44 7931 435236

 stai@tancredigroup.com

 

 

 

 

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