StreaksAI PLC Partnership with WeShop (1413I)
August 03 2023 - 2:00AM
UK Regulatory
TIDMSTK
RNS Number : 1413I
StreaksAI PLC
03 August 2023
3(rd) August 2023
Streaks AI PLC
('Streaks' or 'the Company')
Partnership with WeShop Social Selling Platform
Streaks AI PLC (LSE: STK), a UK-based generative AI platform, is
pleased to announce that it is entering into a partnership with
WeShop, a community owned social commerce platform that combines
shopping with social media and has a network of over 1,300
influencers with a combined reach of over 50 million followers.
As a result of the partnership, Streaks will utilise its
conversational AI technology to enhance the WeShop platform by
providing shoppers with enhanced and personalised customer services
using AI-powered chatbots modeled after the platform's 1,300
influencers. The generative AI provided by Streaks will deliver a
human-like, intuitive conversational interface for shoppers seeking
in-platform assistance including addressing queries, resolving
issues, or receiving product information.
The automation and personalisation of WeShop's online customer
services will deliver increased operational efficiency for WeShop
while being scalable.
In addition to enhancing customer services, Streaks will also
enable WeShop's network of 1,300 influencers to improve their brand
advocacy and increase their reach amongst followers. Streaks will
harness their existing social media content and data to generate
AI-clone interactive chatbots that amplify their customer
presence.
The partnership will generate revenues for Streaks via
influencer's followers subscribing for access to their
individualised chatbot. WeShop will share in this revenue as part
of the partnership while providing distribution to their
network.
WeShop will also gain access to Streaks' data analytics platform
giving WeShop clarity on consumer trends and insights.
The WeShop app lists over 500 major retailers on the platform
and has over 1.5 billion products available.
Tennyson Securities acted as advisor to Streaks AI in the
partnership negotiations.
Mark Rutledge, CEO of Streaks, said : "We are thrilled to join
hands with WeShop, a trailblazer in the social selling domain.
Together, we will redefine customer service and engagement,
enabling brands to build stronger connections with their audience.
This partnership marks the beginning of a new era, where AI and
social selling merge to create unforgettable experiences for
customers."
Richard Griffiths, Chairman of WeShop Holdings Limited, said:
"Collaborating with Streaks opens up endless possibilities for our
community of influencers and brands. With AI-driven engagement
tools giving personalised experiences automatically to their
followers, our influencers can focus on what they do best -
creating amazing content and messaging. We look forward to the
journey ahead."
About Streaks:
Streaks AI PLC is a provider of AI based conversational
technologies. The Company offers two core products in the gaming
and conversational AI space.
For more information on the Conversational Gaming AI product,
please visit www.playstreaks.com .
For more information on the Conversational AI product, please
visit www.streaks.ai .
About WeShop:
WeShop is a dynamic social selling platform that connects brands
with a network of 1,300 influencers, facilitating authentic product
experiences and brand advocacy. By harnessing the power of
influencer marketing, WeShop empowers brands to reach wider
audiences and build thriving communities of loyal customers.
https://we.shop/ .
This announcement may contain "forward-looking" statements and
information relating to the Company. These statements are based on
the beliefs of Company management, as well as assumptions made by
and information currently available to Company management. The
Company does not undertake to update forward--looking statements or
forward--looking information, except as required by law.
This announcement contains information which, prior to its
disclosure, was inside information as stipulated under Regulation
11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310
(as amended). Upon the publication of this announcement via a
Regulatory Information Service, this inside information is now
considered to be in the public domain.
For further information please contact:
Streaks AI PLC
Mike Edwards via First Sentinel
Non-Executive Chairman +44 203 989 2222
-------------------
Tennyson Securities
-------------------
Corporate Broker
Peter Krens +44 207 186 9030
-------------------
First Sentinel
-------------------
Corporate Broker
Brian Stockbridge +44 203 989 2200
-------------------
Tancredi Intelligent Communication
-------------------
Media Relations
Helen Humphrey
Charlie Hobbs +44 744 922 6720
Jasmine Gadhavi +44 7897 557112
stai@tancredigroup.com +44 7931 435236
-------------------
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END
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