(Alliance News) - CY4Gate Spa on Monday announced that it has signed contracts worth a total of nearly EUR1.7 million through one of its subsidiaries for the renewal and evolution of solutions in decision intelligence in foreign markets.

The project involves the integration of proprietary technology with Artificial Intelligence algorithms aimed at meeting specific technical requirements of the end user - an institutional customer - who intends to achieve a more efficient and effective use of the data in its possession as well as to enhance the user's analytical capabilities in the area of voice processing.

"The adoption of innovative and advanced tools will enable the user to quickly process an important amount of data and identify relevant information to support decision-making processes," reads the company note.

Emanuele Galtieri - CEO of CY4Gate Group - said, "The trust recognized by customers through the renewal of contracts and the widespread demand for the evolution of the products installed with the integration of advanced technologies in the field of Artificial Intelligence, manned by now for almost a decade by Cy4Gate, represents a confirmation of the goodness of the road taken and the increasing attention given to technological innovation by customers in all sectors, to which the company knows how to provide adequate responses in terms of skills and expertise."

CY4GATE on Friday closed the session in the red by 4.7 percent at EUR5.93 per share.

By Maurizio Carta, Alliance News reporter

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