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ARTEC TECHNOLOGIES AG

(A6T)
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artec technologies AG: XENTAURIX Artificial Intelligence (AI) turns your video media into 'Smart Media'

07/19/2018 | 02:35am EDT

DGAP-News: artec technologies AG / Key word(s): Alliance/Product Launch
artec technologies AG: XENTAURIX Artificial Intelligence (AI) turns your video media into 'Smart Media'

19.07.2018 / 08:30
The issuer is solely responsible for the content of this announcement.


XENTAURIX Artificial Intelligence (AI) turns your video media into "Smart Media"


Diepholz/Bremen - 19 July 2018: artec technologies advances the XENTAURIX Artificial Intelligence (AI) platform with new capabilities by turning video and audio media into "Smart Media". Broadcasters, Monitoring and News Agencies all acknowledge media files contain valuable information, which is difficult to unlock without extensive teams of personnel to review and catalogue the media. This is a time consuming and expensive task. With XENTAURIX "Smart Media" this valuable information is automatically unlocked using Artificial Intelligence (AI) generating a wide range of smart metadata enabling advanced search capabilities and content recognition of faces, persons, objects, locations, styles, sound, speech transcription, brands, sport events, audience reactions and much more by using advanced machine learning with our partner Valossa (Oulu, Finland).

"The co-operation with Valossa, now enables XENTAURIX AI to automatically detect a wide range of advanced "Smart Media" attributes without the need for large teams of personnel to catalog their media. With XentauriX AI and Valossa, the number of media monitoring personnel is significantly reduced, enabling media monitoring personnel to focus on the automated detection results to catalogue their media rather than scanning each second of footage. This technological approach will save XENTAURIX customers significant personnel staffing budgets with greater operational efficiencies and allow media expansion with a well defined linear financial metric, thereby allowing more media to be processed with reduced personnel", states Thomas Hoffmann, Managing Director of artec technologies AG.

XENTAURIX AI integrates closely with Valossa to provide "Smart Media" intelligence results quickly and efficiently, whilst combining these results with XentauriX metadata, ensuring the XentauriX AI search engine is enriched to provide a rich data source of company wide media intelligence.

"Our collaboration with XENTAURIX delivers significant value add to media industry by making video production more manageable, and enabling new ways for digital content monetization. Valossa AI delivers superhuman cognitive capabilities for content screening tasks, and this power can now be harnessed to good use via XENTAURIX platform.", says Valossa CEO Mika Rautiainen.

artec technologies presents the new technology at the International Broadcast Exhibition IBC 2018 in Amsterdam, booth B16, hall 7, September 14-18, 2018


About XENTAURIX AI platform
Customers use the XENTAURIX cloud platform to systematically evaluate their audiovisual information material from a wide variety of sources, including TV, radio, streaming services and social media. For this purpose, various cognitive analysis tools - so-called engines - are available to users, which will be expanded in the future by the use of deep learning and artificial intelligence programmes. These cognitive engines accelerate meaningful data collection that enables industry experts to stay competitive with real-time intelligence and powerful applications, both now and in the future. In addition to its own artec engines, the platform is also open to third parties in order to offer customers maximum added value and the greatest possible flexibility from a data analysis. The XENTAURIX Cloud's current and future applications include: audience ratings and sentiment, audio and video fingerprinting analysis, face and object recognition, translation of a wide range of languages, and fake news recognition. Evaluations are retrieved where they are needed - from a laptop, tablet and cloud to any environment that meets the needs of a company.

About artec technologies AG
The listed company artec technologies AG (WKN 520958) from Diepholz (Germany) develops and produces innovative software and system solutions for the transmission, recording and evaluation of video, audio and metadata in networks and the Internet. Since 2000, customers have been using the product platforms MULTIEYE(R) for high definition video security solutions and XENTAURIX(R) for media & broadcast streaming and recording applications. artec offers its customers a complete service (project planning, commissioning, service & support) for standard products as well as special developments and cloud services. www.artec.de


Press and investor relations contact:
artec technologies AG
Fabian Lorenz
E-mail:
Investor.relations@artec.de
Tel.: +49 5441 599516
 



19.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: artec technologies AG
Mühlenstr. 15-18
49356 Diepholz
Germany
Phone: +49 (0)5441 / 599 50
Fax: +49 (0)5441 / 599 570
E-mail: investor.relations@artec.de
Internet: www.artec.de
ISIN: DE0005209589
WKN: 520958
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich (m:access), Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

706073  19.07.2018 

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Sales 2021 3,70 M 4,48 M 4,48 M
Net income 2021 -0,05 M -0,06 M -0,06 M
Net Debt 2021 - - -
P/E ratio 2021 -204x
Yield 2021 -
Capitalization 11,6 M 14,1 M 14,1 M
Capi. / Sales 2021 3,14x
Capi. / Sales 2022 2,25x
Nbr of Employees 25
Free-Float 81,3%
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Average target price 5,60 €
Last Close Price 4,08 €
Spread / Highest target 37,3%
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Managers and Directors
NameTitle
Thomas Hoffmann Chairman-Supervisory Board & CEO
Ingo Hoffmann Chief Technology Officer
Stefan SchŘtze Member-Supervisory Board
Tino Menge Member-Supervisory Board
Marco MŘller Manager-Product Sales
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