IN BRIEF: Rosslyn Data inks contract renewals worth $1.5 million

Rosslyn Data Technologies PLC - London-based data analytics company - Secures contract renewals with two unnamed longstanding customers, worth $1.5 million in total over three years. Says the first customer, a US-based multinational medical devices and healthcare company, inked a three-year renewal of its annual licence to utilise the Rosslyn platform, with it also set to adopt its Artificial Intelligence Classification Engine tool. Notes this expanded contract is worth $1.2 million. Adds that the other contract, worth $300,000, is with a leading media and entertainment company that inked a one-year renewal of its annual licence for the Rosslyn platform.

‘We are pleased to have extended our relationship with these two long-standing customers and also to see further uptake of Aice as the commercial momentum with our AI solution continues to grow.’ said Chief Executive Paul Watts.

Current stock price: 1.86 pence, down 1.9% on Thursday afternoon in London

12-month change: down 44%

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