London-listed software group, Elecosoft (AIM:ELCO) announced to investors on Thursday the launch of its new artificial intelligence software tools at the Domotex Show in Hanover, Germany.
The specialist international provider showcased its latest visualisation tools tailored for use in the interior flooring and materials décor markets.
The tools automate a formerly manual process by enabling consumers and designers to use a photo from any device to visualise flooring options in real-time from manufacturers stock libraries, John Ketteley, Executive Chairman explained.
Shares in Elecosoft were trading 9.49% higher at 86.5p on Thursday afternoon.
The tools were ‘very well received by customers’ of Elecosoft’s visualisation subsidiaries, ESIGN and Active Online who are both active in these markets worldwide, the statement detailed.
Ketteley said the tool represented additional “significant value” for their B2B clients by improving their sales conversion rates.
He added that the tool itself can be integrated directly to Elecosoft's Interiormarket and Materialo® platforms as well as into online stores and e-commerce platforms.
A provider of services in the architectural, engineering, construction and owner-operator industries, Elecosoft’s develops its software across the UK, Sweden and Germany.
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