Net Energy Explores Machine Learning Opportunities With AMII

CALGARY, Alberta, June 04, 2018 (GLOBE NEWSWIRE) — In keeping with the high standard of providing advanced trading platforms and brokerage service expertise to the energy sector, Net Energy Inc. is pleased to be partnering with the Alberta Machine Intelligence Institute (Amii) and the University of Alberta (UAlberta) on a Machine Learning (ML) project.

As outlined in a recently signed Letter of Intent,  these organizations will collaborate on leading-edge research to develop innovative, adaptive machine intelligence solutions to overcome technical and business challenges with electronic trading and communication tools. The project will utilize ML techniques – including Natural Language Processing (NLP) – to engineer solutions targeted to improve user efficiencies and enhance user experience.  

“We’re excited to be working with these innovative organizations,” said Tim Gunn, President of the Net Energy group of companies, “As we expect the results will provide more effective engagement with our trading clients.”

NET ENERGY INC
Founded in 2005, Net Energy Inc. is the original electronic trading platform and brokerage for crude oil in Canada.  Net Energy connects motivated buyers and sellers in a transparent, reliable trading forum, and flows trade, settlement, and index data directly into customers’ back-office risk, credit, and accounting applications.  Headquartered in Calgary, Alberta, Canada, the knowledgeable and experienced trading desk is continually developing and expanding into new markets and currently offers over 300 physical energy and financial products available for transacting in real time. Net Energy is recognized by the Alberta Securities Commission as a Crude Oil Derivatives Exchange for its suite of financial products.  For more information, visit www.ne2.ca.

Amii
Amii, the Alberta Machine Intelligence Institute, is a world-leading research group at the University of Alberta in Edmonton specializing in machine intelligence. One of three hubs in Canada’s Pan-Canadian AI Strategy, Amii conducts advanced research and development in the many subfields of machine learning and artificial intelligence. Amii researchers collaborate with a variety of organizations to help push the bounds of scientific knowledge and develop innovative, adaptive solutions for businesses in Alberta and beyond. Learn more at www.amii.ca

Contact: Mandy Burgess, Net Energy Inc
Email: mburgess@netenergy.ca