PRESS RELEASE : net digital AG: AI subsidiary irisnet starts as an independent GmbH in the group of companies

DGAP-News: net digital AG / Key word(s): Product Launch/Strategic Company Decision 
net digital AG: AI subsidiary irisnet starts as an independent GmbH in the group of companies 
2021-08-12 / 10:45 
The issuer is solely responsible for the content of this announcement. 
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net digital AG: AI subsidiary irisnet starts as an independent GmbH in the group of companies 
  . Entry in the commercial register already made in July 
  . Specialist in artificial intelligence (AI) based on neural networks 
  . Fiscal year 2021 is focused on acquiring new customers and expanding into new business areas 
  . AI solution for protection of minors in image and video processing in real time 
  . Expansion of AI applications to include intelligent traffic telematics 
Düsseldorf, 12. August 2021. net digital AG (ISIN: DE000A2BPK34, WKN: A2BPK3, ticker symbol: VRL) bundles the 
activities in the field of artificial intelligence ( AI) in the newly founded irisnet GmbH. Irisnet GmbH is a young 
company that has specialized in the development of artificial intelligence based on neural networks. The start-up has 
been founded two years ago in one of the subsidiaries of net digital AG. With the entry in the commercial register on 
July 5, 2021, the spin-off became an independent company. 
Irisnet has developed its own AI framework and offers software solutions for recognition of objects in images and 
videos in real time. Head of the company is founder and managing director Dr. Walter Benzing. An experienced team of 
specialists is constantly developing the AI solutions in order to expand into new business areas with additional 
application options. irisnet has already won its first well-known customers, particularly from the social media / 
dating sector. 
Irisnet's AI is trained using machine learning. The focus is currently on image and video recognition in the following 
areas: 
- Data protection and protection of minors 
- Person and object recognition 
- Face recognition 
- Text recognition 
The irisnet AI software will be further developed according to the special requirements of the customers and 
distributed via various usage, delivery and license models (managed service, on-premise / on-demand software, 
cloud-based solution). 
In addition to various other products, one focus is on AI photo screening. This is increasingly used on social media 
platforms, for example, to control the uploading of photos in real time with a focus on the protection of minors. The 
steadily growing legal requirements for providers of platforms and services on the Internet (e.g. social media, dating, 
music, video, etc.) open up a great market potential for the use of AI for irisnet. 
"We are consistently developing the technology and AI trainings of irisnet, in accordance with the wishes of the 
customers and in order to improve quality," explains Managing Director Dr. Walter Benzing. "As irisnet GmbH's first 
business year, the current year will be an exciting challenge that I'm really looking forward to. With our AI 
technology and our first regular customers, we are well positioned to enter a profitable area in the next six months. 
The current development, especially with regard to the increasing number of inquiries from service providers, makes me 
very confident about the further course of the year. We are also working on new use cases for our AI technology in the 
field of intelligent traffic telematics. Together with our partners, we have launched a research project on the use of 
artificial intelligence in traffic light control. The aim is to develop further business areas for irisnet technology 
so that we can target a larger market in the medium term. " 
Theodor Niehues, CEO of net digital AG adds:" I am delighted that irisnet is starting as an independent company. This 
step gives us the opportunity to open up the growth market for AI technology quickly, in a focused and targeted manner 
under the umbrella of net-digital. In this way irisnet itself has the chance to grow sustainably. net digital AG 
benefits from the increasing awareness of irisnet and also from synergies between the products and services of the 
subsidiaries. An example of this is the use of AI in the field of digital payment." 
Further information about irisnet GmbH can be found at irisnet.de 
About net digital AG 
net digital AG is a partner of many medium-sized and large companies in the fields of telecommunications, media and 
entertainment and develops global and individually adapted digital payment solutions with a focus on digital content 
distribution via its own technology platform. The content distribution solutions focus on entertainment, music and 
video. The around 250 international customers of net digital AG include, for example, large telecommunications and 
media groups as well as various public transport companies. Net digital AG reaches more than 100 million consumers via 
the technology platform. The shares of net digital AG are listed on the Frankfurt Stock Exchange under the symbol "VRL" 
(ISIN: DE000A2BPK34, WKN: A2BPK3). 
PR-/IR-Contact: 
net digital AG 
Telefon: [phone] 
E-Mail: [e-mail] 
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2021-08-12 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. 
Archive at www.dgap.de 
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Language:     English 
Company:      net digital AG 
              Niederkasseler Lohweg 175 
              40547 Munich 
              Germany 
Phone:        [phone] 
E-mail:       [e-mail] 
Internet:     www.blackpearl.digital / www.net-digital.com 
ISIN:         DE000A2BPK34 
WKN:          A2BPK3 
Listed:       Regulated Unofficial Market in Dusseldorf (Primärmarkt), Frankfurt 
EQS News ID:  1224772 
 
End of News   DGAP News Service 
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1224772 2021-08-12

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(END) Dow Jones Newswires

August 12, 2021 04:45 ET (08:45 GMT)