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STRAKER LIMITED — Share Issue/Capital Change 2020
Nov 11, 2020
65867_rns_2020-11-11_8a115a89-906a-4f47-aa91-635733d6d0ee.pdf
Share Issue/Capital Change
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Straker Translations Limited
Level 2, Building 3 61 Constellation Drive Rosedale 0632 NEW ZEALAND
ARBN: 628 707 399 Ph: +64 9 801 0648
www.strakertranslations.com [email protected]
ASX ANNOUNCEMENT – For immediate release
12 November 2020
NOTIFICATION OF RELEASE OF RESTRICTED SHARES FROM ESCROW
In accordance with Listing Rule 3.10A, Straker Translations Limited (ASX: STG) ( Company ) advises that a total of 3,664,690 fully paid ordinary shares currently held in voluntary escrow are due for release on the day that the Company announces the results for the half year ended 30 September 2020, which are required to be lodged before 30 November 2020 in accordance with ASX requirements.
This announcement has been approved for release by the Board of Straker Translations Limited.
For further information, please contact:
Corporate: Investors: Grant Straker, CEO and Founder Ben Henri E: [email protected] E: [email protected] P: +64 21 512 484 P: +61 473 246 040
David Ingram, CFO E: [email protected] P: +64 21 591 984
About Straker Translations
Based in New Zealand, Straker Translations has established itself as a world leading AI data driven translation platform powering the global growth of businesses.
Straker Translations has developed a hybrid translation platform that utilises a combination of AI, machinelearning and a crowd-sourced pool of freelance translators. The Company’s cloud-based platform manages the end-to end translation process, leveraging AI, machine-learning (both inhouse and third party owned engines) to create a first draft translation and subsequently matching the customer’s content with one or more of the approximately 13,000 crowd-sourced human freelance translators for refinement.
This process is managed using Straker’s proprietary “RAY Translation Platform”, which has been developed over eight years and is an enterprise grade, end-to-end, cloud-based platform. By leveraging machine translations and its big data assets, the RAY Translation Platform enables the delivery of faster and more accurate translations, lowering the time and cost to deliver versus traditional translation services. The platform can be integrated directly into customers’ systems and consists of a customer dashboard, machine translation integration and modules for assisting and managing translators.
For more information visit: www.strakertranslations.com
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