Lucas GC Limited Secures AI-Powered Recruitment Patent in China, Boosting Its Technology Portfolio

Lucas GC Limited Received a Significant Invention Patent in Artificial Intelligence Related to Human Resources - Lucas GC (NASDAQ:LGCL)

NEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Lucas GC Limited LGCL ("Lucas" or the "Company"), an artificial intelligence (the "AI") technology-driven Platform-as-a-Service (the "PaaS") company whose technologies have been applied to the human resources, insurance and wealth management industry verticals, announced today that it had received an invention patent "Talent Scout-Based Holistic Recruitment System" in China. This is the third patent that Lucas has obtained in the year of 2024, making the total numbers of patents that Lucas holds at nineteen. This patent enables social media influencers to reach out to targeted talents by matching personalized recruitment contents generated based on the job requirements and the profiles and behaviors of the potential candidates. Howard Lee, Chief Executive Officer of Lucas, said "Social media has been increasingly viewed as a professional platform to help business and job seekers get connected. This patent demonstrates Lucas' leading position in core AI technology in the human resources application using AI and Deep Learning technologies to generate relevant contents that can significantly increase the accuracy of job matching between job requirements and candidates' profiles, resulting in vast efficiency improvement in the hiring process." About Lucas GC Limited With 19 granted U.S. and Chinese patents and over 74 registered software copyrights in the AI, data analytics and blockchain technologies, Lucas GC Limited is an AI technology-driven Platform as a Service (PaaS) company with over 702,060 agents working on its platform. Lucas' technologies have been applied to the human resources, insurance and wealth management industry verticals. For more information, please visit: https://www.lucasgc.com/. For Investor Inquiries and Media Contact: https://www.lucasgc.com/ ir@lucasgc.com T: 818-741-0923 Market News and Data brought to you by Benzinga APIs

Lucas GC secures new AI recruitment patent in China By Investing.com

NEW YORK - Lucas GC Limited (NASDAQ: LGCL), a Platform-as-a-Service company specializing in artificial intelligence technologies with a market capitalization of $52.54 million, has been granted a new patent in China. According to InvestingPro analysis, the company maintains strong financial health with a current ratio of 2.43, indicating solid liquidity. This latest patent, named "Talent Scout-Based Holistic Recruitment System," marks the company's nineteenth patent and its third in 2024 alone. The newly patented system integrates AI to enhance the recruitment process by utilizing social media influencers to connect with potential candidates. It generates personalized content that aligns with job requirements and the profiles and behaviors of job seekers, aiming to improve job matching accuracy. CEO Howard Lee commented on the significance of the patent, emphasizing the growing role of social media as a professional networking tool and the efficiency gains in hiring that their technology offers. While the company trades at an attractive P/E ratio of 7.59, InvestingPro analysis suggests the stock is currently undervalued, with 14 additional ProTips available to subscribers. Lucas's AI and Deep Learning technologies are designed to streamline the recruitment process by producing relevant content that better matches job requirements with candidate profiles. Lucas GC Limited, with a portfolio of 19 U.S. and Chinese patents and over 74 registered software copyrights, applies its technologies across various sectors, including human resources, insurance, and wealth management. The company boasts a workforce of over 702,060 agents working on its platform and maintains a strong return on equity of 35%, demonstrating effective capital management. The information in this article is based on a press release statement.

Lucas stock rises on securing significant invention patent in AI (NASDAQ:LGCL)

Lucas (NASDAQ:LGCL) Monday said that it had received an invention patent "Talent Scout-Based Holistic Recruitment System" in China, sending shares up in morning trade. This is the third patent that Lucas (LGCL) has obtained in the year of 2024, making the total numbers of patents that Lucas holds at nineteen. LGCL is +6.98% to $0.72. Source: Press Release More on Lucas GC Financial information for Lucas GC