REACH
19 February 2024
Aukett Swanke Group
Plc
("Aukett Swanke",
"ASG", or, together with its subsidiaries, the "Group")
Artificial Intelligence
Consortium
Aukett Swanke (AIM: AUK), the group providing
Smart Buildings, Architectural and Design Services, is pleased to
announce its participation in a consortium to develop an AI-Based
Recommender System for Smart Energy Saving. The lead consortium
member is a commercial spin-out from a UK research university.
Other members of the consortium include two further UK universities
and five commercial organisations, including engineering and
construction companies.
The consortium has been advised that it has
succeeded in the Innovate UK competition "Accelerating trustworthy
AI: Phase 2 Collaborative R&D". The consortium will be awarded
approximately £0.9 million from Innovate UK towards total project
costs of approximately £1.2 million.
The project has a 12-month duration commencing
March 2024.
Nick Clark,
Chief Executive, commented:
"AI will
inevitably be necessary to operate smart buildings, and users need
to have confidence that AI decisions are reliable and trustworthy.
While Aukett Swanke's share of the project costs and grant are not
material to our financial results, we are excited to have been
invited to join this impressively broad consortium of academia and
industry, as the Group continues to explore additional
opportunities to use Artificial Intelligence in pursuit of its
smart buildings goals."
Contacts
Aukett Swanke Group Plc
+44 (0) 20 7843 3000
Clive Carver,
Chairman
Nick Clark, Chief
Executive
Strand Hanson Limited, Financial and Nominated Adviser
+44 (0) 20 7409 3494
Richard Johnson, James
Bellman
Zeus Capital Limited, Broker
+44
(0) 20 3829 5000
Simon Johnson, Louisa
Waddell
Investor/Media
+44 (0) 7979 604 687
Chris Steele
About Aukett Swanke Group plc
Aukett Swanke has a strong foundation
in architectural services and is on a transformative journey to
become a London-listed provider of Smart Buildings and related
services. ASG are uniquely positioned to ensure the technical
systems that run modern premises are designed as an integral part
of the structure, from the outset.
For more information go to
https://www.aukettswankeplc.com
