New Client Win and Revenue Share Partnership
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
17 February 2025
Insig AI plc
("Insig AI", the "Company" or the "Group")
New client win and revenue share partnership with JP Jenkins
Insig AI plc (AIM:INSG), the data science and machine learning solutions company serving the asset management industry, is pleased to announce that it has signed a licence agreement and revenue share with JP Jenkins, the UK's largest private market place for unlisted securities (the "Agreement").
Under the licence agreement, JP Jenkins will have access to Insig AI's Transparency and Disclosure Index ("TDI") reports covering more than 40 companies listed on its platform.
Insight AI will provide a ready-made toolkit that allows users to quantify and explore datasets. By searching, filtering, analysing and benchmarking company disclosures, peer group comparisons can be generated in an instant, traceable and economical manner, with theTDI driving ESG insights.
JP Jenkins, in conjunction with Insig AI, will approach each company on the JP Jenkins platform to offer additional services from Insig AI, including consulting on disclosure improvements and granting an annual licence to access Insig's TDI.
The Agreement is for an initial 12 month term but as is common with such agreements, there is no guaranteed minimum income arising from the revenue share.
Richard Bernstein, Insig AI's Chief Executive commented: "JP Jenkins presented us with a classic use case for AI technology. It needed the ability to rank and review the clarity and relevance of a company's sustainable reporting in relation to its peers. This technology allows it to identify sectoral trends and match these with data visualisations, delivering comprehensive reports quickly and efficiently. We are delighted to be partnering with JP Jenkins. In addition to delivering annual licence income, they are an excellent distribution channel for us to access dozens of growing corporates keen to ensure that they adopt transparent disclosures."
Veronika Oswald, Commercial Director at JP Jenkins commented: "There's a lot of hype surrounding AI but we have absolutely recognised the benefits that solutions like Insig AI's TDI can deliver in scrutinising corporate behaviour. With a significant volume of data to work through, AI can help form a consensus opinion with just a fraction of the resource it would take a traditional analyst team to achieve the same outcome."
For further information, please visit www.insig.ai or contact:
Insig AI plc
Richard Bernstein, CEO Richard.bernstein@insig.ai
Zeus (Nominated Adviser & Broker)
David Foreman / James Hornigold +44 (0) 203 829 5000
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