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Syzygy Plasmonics Chooses Luminance’s AI to Supercharge Business Efficiency

6 December 2024 |

Luminance, the pioneer in Legal-Grade™ AI, today announced that Syzygy Plasmonics has adopted its AI to transform contracting processes and drive business growth across the Houston-based company.

Syzygy Plasmonics is a leader in decarbonization for the chemical industry, with the goal of preventing a gigaton of carbon emissions from entering the atmosphere by 2040. With a lean legal team, the company sought out an end-to-end AI technology that could drive efficiencies across its contracting processes, including the negotiation and analysis of complex agreements. Since adopting Luminance, Syzygy Plasmonics has reduced the time spent on contract review by nearly 40%, allowing the legal team to focus efforts on higher-value work such as risk mitigation and regulatory compliance reviews.

Luminance also extends beyond the legal team. Syzygy Plasmonics’ procurement team is using the platform to review vendor agreements, reducing risk and enhancing supplier relationships, while the commercial team has expedited contract negotiations, resulting in efficient deal closures and a satisfied customer base. Furthermore, Syzygy Plasmonics’ C-suite now has enhanced contract visibility thanks to Luminance’s AI-powered contract repository, which provides real-time information on workloads across Legal, Commercial, and Supply Chain. This information has led to improved alignment on their wider business objectives and initiatives.

Andrew Roach, Legal Operations Manager, at Syzygy Plasmonics, said: “Luminance has been a game-changer for our business. It has not only streamlined our contract management processes but also empowered our teams to work more collaboratively and efficiently. Our dedicated Luminance team has been a true partner every step of the way. We are excited about the future possibilities that Luminance brings and look forward to continued success with their innovative solutions.”

Eleanor Lightbody, CEO of Luminance, added: “Luminance’s AI isn’t just a legal tool; it’s a business tool. Bringing Legal-Grade™ AI to every touchpoint a business has with its contracts means that non-legal teams are empowered to review standard contracts and get deals done faster, all while allowing the legal team to focus on creative and strategic matters. I’m looking forward to growing our partnership with the team at Syzygy Plasmonics.”

ENDS

About Syzygy Plasmonics

Syzygy Plasmonics is working to decarbonize the chemical industry, responsible for almost 20 percent of industrial CO2 emissions, by using light instead of combustion to drive chemical reactions. With Rigel™ reactor cells now ready to ship, Syzygy is commercializing a universal photocatalytic platform. When powered with renewable electricity, this tunable technology is designed to reduce both cost and emissions from many different chemical reactions. Starting with solutions designed to reform greenhouse gases into low-carbon fuels and produce low- and zero-emissions hydrogen, the company's mission is to create a world where chemicals, fuels, and fertilizer are low cost, carbon neutral, and accessible to everyone. For more information visit plasmonics.tech.

About Luminance

Built on a proprietary legal Large Language Model (LLM), Luminance’s end-to-end AI platform enhances every touchpoint a business has with its contracts, from generation to negotiation and post-execution analysis. Developed by world-leading AI experts, validated by leading lawyers, and trusted by over 700 customers in 70 countries, Luminance is the pioneer in Legal-Grade™ AI: wherever computer meets contract.