Global Warning System (GWS) will receive a grant from the government agency, Vinnova, for the project "Artificial intelligence for detecting global security risks". The project category was "Company innovation projects" and the sum of the Vinnova grant will be around 2 million SEK. The total amount of the grant will be matched by an equal sum from GWS, in order to finance the project.
GWS' was approved the grant of 1 989 101 SEK from Vinnova. The aim of the project, which will run until 2018, is to use artificial intelligence to quickly and effectively detect new global security risks. The sum is preliminary, and the payment will be done in tranches based on GWS following the proposed project plan and Vinnova's report requirements.
GWS provides a personal travel security service, Safeture, which provides critical information about disasters and other threats that could impact travelers. The alerts and travel security content is gathered by an advanced data mining system, and then vetted by our in-house team of analysts. The Vinnova-financed project aims to further investigate efficiency and effectiveness of AI in detecting global security risks. The goal for GWS is to increase the accuracy, to the point where input and sources can be dramatically increased without increasing manual workload and control.
Andreas Rodman, CEO at GWS, comments:
"We are happy to announce that we will received a grant that will allow us to further develop our cutting-edge technology within security. We will focus our efforts on how AI can contribute to continuous improvement together with human control and feedback. We will, for example, work with multilingual AI for global detection of security risks. This work will benefit our customers and users and further improve our services."
About GWS Production AB and Safeture GWS, (Global Warning System) was founded in 2009, triggered by the experience of the global SARS epidemic, the 2004 Indian Ocean tsunami and the Mumbai terror attacks. The company offers a personal security mobile app, Safeture. The app protects travelers through real-time tracking and provides valuable real-time information about disasters, and other threats that could impact you while you're abroad. The system consists of a range of services that are delivered via the traveler's mobile phone, and is suitable for both businesses (Safeture Pro), and for private individuals (Safeture).
The GWS share is listed on NASDAQ First North Stockholm. Sedermera Fondkommission is the Certified Advisor.
For additional information, visit www.globalwarningsystem.com or contact GWS CEO Andreas Rodman: +46 (0) 708 - 10 13 16 or via andreas.rodman@globalwarningsystem.com
This information is information that GWS Production AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 09:45 CET on March 22nd 2017.
This is an English version of a Swedish press release communicated by GWS Production AB. In any case of doubt or possible differences regarding the different versions it is the Swedish version that shall apply.
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