The least interesting thing about developer and entrepreneur Nick D’Aloisio is his age (16). Far more interesting is his startup Summly, whose iPhone app was relaunched yesterday.

The app is essentially Flipboard meets Clear: a news aggregation app that pulls in stories from hundreds of websites, and displays them with a slinky gestural interface. But its trump card is hardcore summarisation technology that boils stories down into 400-character summaries.

It’s very nifty, but also potentially disruptive for the publishing industry, despite the app including the ability for users to swipe down on any summary to read the original piece on the publisher’s website.

“Publishers have been tremendously supportive, and we’ve already signed a deal with News Corporation,” D’Aloisio tells The Guardian. “These summaries have never existed before: it’s a whole new medium of content to monetise for the publishers. We’re taking stuff that exists, and finding a whole new entity to put it into.”