REG - Streaks Gaming PLC - Streaks Social AI Product Launch / Warrants Issue

StreaksaiAnnouncement

30/06/2023 07:00

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RNS Number : 4723E  Streaks Gaming PLC  30 June 2023

30 June 2023

 

Streaks Gaming PLC

('Streaks' or 'the Company')

 

Streaks Social AI Product Launch and Warrants Issue

 

Streaks Gaming PLC (LSE: STK), a UK-based provider of AI focused
conversational gaming "Streaks Gaming", is pleased to announce the launch of
its second flagship product called "Streaks Social".

The Company has built and launched a global conversational gaming platform,
called Streaks Gaming using powerful Natural Language Processing (NLP) text
generators like GPT-4.  This core platform has been successfully deployed in
the conversational gaming space for sports like the NFL and the NBA.   The
platform has already attracted advertising partners like Fan Duel BetMGM,
DraftKings and PointsBet.

The Company is excited to announce that it has leveraged its considerable
technical know-how in the AI space and is launching a Social AI platform for
influencers in Q3 called Streaks Social.  The Streaks Social AI Platform will
allow influencers to better connect and monetize their existing fans through
the automatic creation of an AI Avatar.   This AI Avatar is fully
customizable and uses both voice and text driven prompts with video prompts
coming in the near-term development pipeline.   The interactions between the
AI Avatar and the fans will be personalised via NLP, providing each fan with a
unique experience. Over time, this personalisation will deepen.

Influencers will be able to monetize their fans through Streaks credits and
fans will be able to take advantage of loyalty points and "Streaks" by using
the core AI Conversational platform.

Through its extensive engagement with fans on the existing AI driven gaming
platform, the Streaks team has recognised the potential and power of
conversational AI and how powerful it is to provide an AI that genuinely
embodies a unique persona. Streaks is a full-stack AI company, involved in
every aspect from training the language models to constructing the user
interface. This empowers Streaks to create personalised experiences that have
allowed for the development of the Streaks Social Platform.

Streaks' Non-Executive Chairman, Mike Edwards, said, "We are thrilled with the
progress we have seen on the core generative AI platform and the deeper
integrations with ChatGPT specifically in voice, text and video.  We are
confident that the investment in generative AI in the conversational/companion
space will set us apart from our competitors and continue to drive our growth
in the industry. We look forward to sharing more details about Streaks Social
in the future."

Streaks is happy to announce that it has appointed First Sentinel with
immediate effect as a joint corporate broker alongside Tennyson Securities who
remains as joint corporate broker.

 

Streaks has also issued warrants to certain Advisers to the Company as
follows:

 a.            Number of warrants:                                           20,000,000

 b.            Exercise price:                                               2.5p

 c.            Vesting schedule:                                             One third September 2023, One third March 2024, One third September 2024

 

About Streaks:

Streaks Gaming 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
www. playstreaks.com.

For more information on the Conversational AI product, please visit
www.streaks.ai.

 

The Directors of Streaks accept responsibility for this announcement.

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 Gaming PLC
 Mike Edwards                         via First Sentinel (Corporate Advisor)

 Non-Executive Chairman               +44 203 989 2222

 Corporate Brokers
 Peter Krens (Tennyson Securities)    +44 207 186 9030

 Brian Stockbridge (First Sentinel)   +44 203 989 2200

 

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