Condat selected for EU InVID project
Sydney, April 21, 2016 AEST (ABN Newswire) - Leading big data solutions company Invigor Group Limited (
ASX:IVO) (HYROF:OTCMKTS) ("Invigor") is pleased to announce that its wholly-owned Berlin-based software solutions business Condat AG has been selected as part of the consortium for the European Union (EU) InVID Project. Condat will have a leading role in the project consortium.
Higlights:
- Condat to play leading role in the InVID EU project
- InVID to develop a knowledge verification platform
- Consortium Partners include Agence France-Presse (AFP) and broadcaster Deutsche Welle
- Condat to derive revenue and strengthen IP
The InVID innovation project will develop a knowledge verification platform to detect emerging stories and assess the reliability of newsworthy video files and content spread via social media such as YouTube, Twitter or Instagram for the integration in news productions. An outcome of this project will be that Condat's Smart Media Engine (patent application initiated) will be able to analyse and classify gathered media content for editing, curation and playout.
Invigor's Chairman and CEO, Mr Gary Cohen, said: "Condat's selection to play a leading role in this project validates the value the Consortium places on our know how and intellectual property in this field. We will derive good revenue from the project but more importantly be able to strengthen our own products in the process."
About Invigor Group Ltd
Invigor Group (ASX:IVO) uses its complementary suite of big data products to source, aggregate, analyse and publish content for the benefit of businesses and consumers.
Today its interconnected data sets enable enterprise clients including retailers, brands, shopping centres and government bodies to identify and better understand competitors, consumers, markets and demographics while providing the consumer with the best value-for-money.
Using its current products and a pipeline of additional offerings Invigor will have the ability to provide an end-to-end solution spanning sales, product management, business intelligence, marketing, advertising, content creation and distribution, while monetising each step of the process.
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