PRESS RELEASE
MLS Innovation Inc: Eight new research projects – €1.12m funding

MLS announces its participation in 8 new research projects within the framework of Single Research, Technological Development & Innovation State Aid Action "RESEARCH - CREATE – INNOVATE" 2nd cycle, both in Intervention I, Research and development by SMEs and Intervention II, Partnerships of enterprises with research institutions.

The research field of the projects is notably extended, as it includes actions related to cultural accessibility, autonomous driving and digital transformation in agriculture, transport and health. MLS has years of experience in research and in implementing projects that integrate voice technologies and AI.

The company will cooperate in the above fields as well as in other state of the art technologies such as virtual and augmented reality, applied robotics and Internet of Things, with research institutes FORTH and CERTH, with Laboratories and Departments of University and Polytechnic Schools in various Administrative regions of Greece and with local entities and businesses to develop innovative products and services.

The total approved budget of the above projects for MLS is €1.52m, while the funding the company receives is €1.12m.

The above projects are co-funded by the European Union and national funds through the Operational Programme Competitiveness, Entrepreneurship and Innovation (EPAnEK- NSRF 2014-2020).

MLS Innovation Inc: New MAIC available for all Android devices

November 18^th, 2019

MLS announces that its Artificial Intelligence and Voice Recognition Platform MAIC (ΜLS Artificial Intelligence Center) becomes available for all Android devices.

Having a presence of more than 7 years since the launch of the first mobile phone with embedded technologies for voice recognition and artificial intelligence, and having built a base of more than 300K active users, MLS redefines the user interface with our mobile devices and presents the next generation of MAIC.

 Specifically, by downloading the application, users will extend their device capabilities and will be able to perform a wide range of actions, speaking in Greek. Indicatively, they will be able to speak naturally and ask MAIC:

• Call my son
• Wake me up at 8 in the morning
• Find me the nearest gas station
• Take me to 28 Stadiou street
• Find me Chinese restaurants
• Set an appointment with Kostas for tomorrow afternoon at 6
• What will the weather be in London tomorrow?
• Turn the flashlight on
• Turn on the light in the living room
• Remind me to take the food out of the oven in half an hour
• Find me the nearest ATM

The above indicative list will be constantly enriched with new updates of the application, covering more and more users’ needs.

With two versions available on Play Store, one for MLS devices and one for third party Android devices, the user obtains all the enhanced capabilities the new digital assistant can offer in the Greek language and upgrades substantially his user experience. Hence, users unfamiliar with technology are now able to make their everyday lives easier, talking to their phone of tablet.

MAIC will be available for free for MLS devices, raising the level of MLS smartphones and tablets and giving them a competitive edge. For third party devices, MAIC will be available as a paid app, and will replace Google’s smart assistant which is in English.

Except Greek MAIC on Play Store, MLS will proceed with versions in other languages (Serbian, Bulgarian, etc). MLS will also showcase this particular product to telecommunication providers, aiming at exclusive agreements per country for all Android phones available by the respective provider, charging a royalty per device.

MLS Innovation Inc: Sign of agreement with the Cypriot Ministry of Education and Culture

November 12th , 2019

PRESS RELEASE

MLS announces the sign of agreement with the Cypriot Ministry of Education and Culture, regarding the supply of devices (tablets) for 12 months.
MLS prevailed in a competition announced by the Ministry, which awarded the company the project as it met all the required specifications. Specifically, MLS has undertaken the supply and maintenance of 3.700 tablets for the amount of € 442.100,00 (four hundred and forty-two thousand one hundred euros), of which the largest proportion will be delivered within two months.
In addition, MLS will supply the Ministry with tablets for any new needs that arise during the time of agreement (12 months).

PRESS RELEASE: MLS FINANCIAL RESULTS 1ST SEMESTER 2019

MLS Innovation Inc. recorded revenue of €10.65 million in the 1st semester of 2019, (compared to €10.54 million last year) with earnings after taxes reaching €1.12 million (compared to €1.32 million last year). Earnings after taxes reached €0.82 million (compared to €1.48 million last year) while earnings before interest, taxes and depreciation (EBITDA) increased and reached €3.43 million (compared to €3.24 million last year).

Greek elections affected negatively the Greek Tablets and Smartphones market. Losses were oversubscribed by sales in Cyprus and the Balkans.

Although the penetration of Smart Speakers/ Displays has surpassed all expectations in USA and China, Europe (except for England) has only just began. MLS is ready to exploit a potential Booming in the Smart Speakers / Displays market.

Last but not least, the new Artificial Intelligence and Voice Recognition Platform MAIC™ will be further utilized in other forms: Participation in large-scale research projects, adaptation of the Platform in all Android Smartphones and Tablets of the company, as well as the possibility of using the Platform by all Android device owners both in Greece, Cyprus, Serbia, Bulgaria and the countries to follow.

PRESS RELEASE

MLS Innovation Inc: MAIC European platform development in Bulgarian and entry in the Bulgarian market

MLS announces that it has completed the development of MAIC™ Artificial Intelligence and Voice recognition platform in Bulgarian language and its launch in the Bulgarian market.

In cooperation with Innovo BG Ltd (distributor of MLS in Bulgaria), MAIC™ is already available in Technopolis BG EAD retail chain (the biggest in Bulgaria). It is also in contact with local telecom providers Telenor Bulgaria and A1 Bulgaria.

Bulgarians can now buy their own Bulgarian MAIC™, choosing between the two models of this household device (Smart Display), which are available, in two sizes, big MAIC™ at the price of 199€ and MAIC mini™ at the price of 149€.

Bulgarian MAIC™ understands and speaks Bulgarian and has been adapted to Bulgarian preferences and habits. Specifically, the new MAIC™ can play Bulgarian or international music of any kind even music according the user’s mood. It can play the user’s favorite music lists, show music and all kinds of videos, cartoons, show the news in Bulgaria, keep reminders, search for points of interest or inform you about the weather  in Bulgaria  or in the world, . It can help you get in a good mood, advise you in the kitchen, show you any recipe you like,, tell you a joke, a Bulgarian or classical fairy tale, even help you sleep.

Moreover, with its Smarthome feature, it can also manage smart bulbs in any room, smart plugs and consequently all household appliances that are connected to a smart plug. With MAIC™ you can watch popular TV series and movies on Netflix™.  Videocalls through a voice order is also available, in a friendly environment that can be easily navigated even by technologically illiterate. MAIC™ is enriched with new skills and intelligence via automatic updates.

Smart digital assistants are already present in 100 million households in the USA. Since the launch of Amazon’s Alexa™ in 2015 until today, the new generation of smart digital assistants has drastically improved Americans’ everyday life, according to studies. The European MAIC™ will bring this improvement to the everyday life of Europeans, while incorporating the local language and culture of each country.

Smart speakers’ penetration in US has surpassed 50% of households, with China also having a big penetration rate. Leaving UK aside, Europe’s smart speaker/smart display market is still at its infancy.

MLS is looking forward to Black Friday and Christmas markets and has an immediate plan to launch one more smart speaker device (without display this time) at a very affordable price. The company’s R&D team is also soon completing the adaption of the new platform, which is evolving into a unified digital ecosystem which can run on and Android device (Smartphones, Tablets, Smartwatches, Wearables, Android Things, Android TV, even on cars with Android Auto)

The company’s purpose is MAIC ™ platform to be the focal point of management of our day-to-day activities and to introduce users to the new era of virtual assistants where everything is done with voice.