NEW YORK - Lucas GC Limited (NASDAQ: LGCL), a Platform-as-a-Service company specializing in artificial intelligence technologies, has been granted a new invention patent in China, the company announced today.
The patent, titled "Artificial Intelligence (AI) Enabled Prescriptive Persuasion Processes Based on Speech Emotion Recognition and Sentiment Analysis," marks the company's second patent acquisition in 2024, bringing its total patent count to eighteen.
The newly patented technology focuses on an AI-based computer-aided persuasion system (CAPS) that analyzes audio streams using neural network models to generate persuasive recommendations.
According to Lucas's CEO, Howard Lee, this advancement will "significantly increase the accuracy of our recommendation algorithm" and is expected to enhance transaction closure rates and monetization for users in sectors such as human resources, insurance, and wealth management.
Lucas GC Limited, with its portfolio of 18 U.S. and Chinese patents and over 74 registered software copyrights, operates within the AI, data analytics, and blockchain spheres. The company supports over 638,000 agents on its platform, applying its technologies across various industry verticals.
This patent is part of Lucas's ongoing efforts to innovate within the field of AI and expand its influence in the global technology market. The information is based on a press release statement.
InvestingPro Insights
As Lucas GC Limited (NASDAQ: LGCL) secures its new patent, the company's financial health and stock performance metrics offer additional insights. Lucas GC Limited is currently trading at a P/E ratio of 17.89, which is considered low relative to its near-term earnings growth. This could indicate that the stock is potentially undervalued, providing an attractive entry point for investors who are optimistic about the company's innovative edge in AI technology.
InvestingPro data also shows a significant revenue growth of 92.28% over the last twelve months as of Q1 2023, underscoring the company's expanding financial capabilities alongside its growing patent portfolio. Moreover, the company has experienced a strong return over the last month, with a price total return of 24.26%, reflecting investor confidence in the wake of its recent developments.
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