Update on agreement with CarVal Investors, L.P

RNS Number : 6114J

Insig AI Plc

28 April 2022

 

REACH

28 April 2022

Insig AI plc

("Insig AI" or the "Company")

Update on agreement with CarVal Investors, L.P

Further to the announcement of 25^th February 2022, Insig AI plc ( AIM:INSG ), the data science and machine learning solutions company, is pleased to announce that it has now successfully delivered the new ESG scoring tools to CarVal Investors ("CarVal"), the global alternative investment manager. These scoring tools will be used by CarVal to optimise a new line of high yield ("HY") and investment grade ("IG") portfolios based on ESG considerations.

As previously announced, Insig AI will be entitled to annual fees based on CarVal's assets under management raised in connection with the HY and/or IG focused investment pools.

CarVal's proprietary ESG risk scores, combined with Insig AI's Natural Language Processing disclosure scores, which use the Company's machine learning techniques, enable rapid analysis of more data, scenarios and outputs. These capabilities are expected to enable CarVal to make more detailed ESG-influenced investment decisions.

Colm McVeigh, Chief Executive of Insig AI, said :

 "Using the application of our NLP AI technologies, we are pleased to have delivered these ESG scores to CarVal and believe this will assist in providing a competitive advantage for CarVal's new product launch."

About CarVal:

CarVal Investors is an established global alternative investment manager focused credit-intensive assets and market inefficiencies. Since 1987, CarVal's team has navigated through ever-changing credit market cycles, opportunistically investing $133 billion in 5,610 transactions across 82 countries. Today, CarVal has approximately $11 billion in assets under management in corporate securities, loan portfolios, structured credit and hard assets. For more information, visit  www.carvalinvestors.com .

This is a Reach announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance. Reach is an investor communication service aimed at assisting listed companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.

For further information, please visit www.insg.ai or contact:

Insig AI plc Colm McVeigh, CEO	Via SEC Newgate
Zeus  (Nominated Adviser & Broker) David Foreman / James Hornigold / Danny Philips	[phone]
SEC Newgate   (Financial PR) Robin Tozer / Richard Bicknell	[phone] [e-mail]

 

END

 

 

NRAPPUQGCUPPGBM