StreaksAI PLC Partnership with WeShop (1413I)

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                [phone] 
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 Tennyson Securities 
                                      ------------------- 
 Corporate Broker 
  Peter Krens                            [phone] 
                                      ------------------- 
 First Sentinel 
                                      ------------------- 
 Corporate Broker 
  Brian Stockbridge                      [phone] 
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 Tancredi Intelligent Communication 
                                      ------------------- 
 Media Relations 
  Helen Humphrey 
  Charlie Hobbs                          [phone] 
  Jasmine Gadhavi                        [phone] 
  [e-mail]                 [phone] 
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August 03, 2023 02:00 ET (06:00 GMT)