IntelliAM Ltd announced its intention to float on Aquis, with the expected admission date of 3 July.

The mission of IntelliAM is to leverage the power of AI and machine learning to improve operating efficiency across the manufacturing sector.

As part of its expansion, it intends to use part of the proceeds from raising £5m at IPO to acquire 53 Degrees North Engineering Limited, which will become the company’s consultancy division.

This division already provides asset care consulting and management strategies for manufacturers, particularly in the consumer goods (FMCG) sector. On its client register are 50% of the world's largest food and beverage organisations which utilise the company’s engineering and asset management solutions based on its proprietary AI machine learning solutions.

Tom Clayton , IntelliAM’s co-founder and chief executive, says the AI platform can assist manufacturing enterprises drive productivity while being ESG-compliant. “A large part of the system is about governance. So it's actually controlling the everyday operation down to minute-by-minute operation in terms of making sure the correct tolerances are right, the correct run speeds for different skews going down the lines and things like that. So it's certainly a product that we envisage will become extremely sticky and important to the clients in order to achieve the sort of benefits that they need within their site.”

In this interview investors will learn:

- Why the Company intends to IPO

- How the funds raised will be used to increase data science and software engineering teams to drive the company’s pipeline

- How IntelliAM’s platform improves client manufacturing performances and creates cost savings and value for customers

- Why the company believes it can quickly become the definitive standard machine learning product

Reasons to put IntelliAM on your watchlist :

- One of the first AIM/Machine learning companies to list on Aquis

- Chairman David Richards MBE has stock exchange and Silicon Valley experience and co-founded software company WANdisco.

- The board has significant skin in the game with Tom Clayton (CEO) holding 24.72% of the company and co-founder Keith Smith (COO) holding 10.22%

- IntelliAM’s solutions are sector agnostic and can e ddeployed across multiple industries

- The business is a revenue generating and profitable

Clayton concluded; “We've got ambitious plans. We've got a huge pipeline of fantastic customers which we need to support and that's going to create growth and return on investment which is ultimately what investors wish to see. But obviously secondly to that, I think we're serving a purpose that the nation requires. We're a true solution for driving productivity and meeting a lot of the ESG targets that people talk about.”

IntelliAM was interviewed by Sarah Lowther for focusIR.