Jared Smith joins Cogniac as Chief Revenue Officer

First-of-its-Kind Application Significantly Enhances Operational Efficiencies and Chip Counting Efficacy

Jared Smith joins Cogniac as Chief Revenue Officer

SAN JOSE, Calif., April 13, 2022 (GLOBE NEWSWIRE) — Cogniac Corporation (“Cogniac”), a leader in enterprise-class Artificial Intelligence (AI) image and video analysis, today announced its partnership with Melco Resorts & Entertainment Limited (“Melco”), a developer, owner and operator of integrated resorts facilities in Asia and Europe. The partnership implements Cogniac’s proprietary visual data processing platform to support operations of Melco’s loyalty program, Melco Club, at the company’s City of Dreams Manila luxury integrated resort.

Cogniac’s AI-based computer vision platform facilitates the operational capacities of the integrated resort’s exclusive rewards program, Melco Club. Melco’s integrated resorts feature popular loyalty programs which require the counting and verification of large numbers of casino chips. The Cogniac system reduces the amount of resources required to maintain efficient operations, allowing the redistribution of employees to areas of more strategic value. The efficacy of the AI-based machine vision platform has eclipsed the human benchmarks, reaching 99.7 percent accuracy while massively increasing speed.

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