Big Sofa Technologies (AIM:BST), a video analytics provider to the global insight and analytics industries, hasbeen awarded an initial project worth approximately $250,000 by a global clothing manufacturer and retailer. The project is expected to be completed by the end of June and is the first that the Company will undertake with this blue-chip brand client since securing a global master services agreement, announced last month.
The project will utilise the Company’s Visual Insight System – its proprietary, dynamic, interactive platform for knowledge sharing, data re-mining and cross-discipline collaboration and connection. The project involves mobile data capture from consumers across the world, and automated classification and analysis of the data using AI. The client will also have access to the secure platform to perform further analysis of the video data and to create video playlists to connect global stakeholders to a shared view of key customer groups.
Kirsty Fuller, Chief Executive Officer of Big Sofa Technologies, commented:
“In the Final Results Announcement last month, I outlined the three pillars to Big Sofa Technologies’ strategic roadmap, including Visual Insight System delivery to end clients. Since then, we have agreed service agreements with a number of new clients as the first step towards executing one of the Company’s strategic objectives: to build on our direct-to-client successes. This contract win marks the first material contract with this global clothing brand since securing a mater service agreement with them last month and marks further progress against the strategic goals that we set earlier in the year.“
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