TIDMCTEA 
 
   CATENAE INNOVATION PLC 
 
   ("Catenae" or the "Company") 
 
   OnSite - Contract Signed 
 
   Catenae (AIM:CTEA), the AIM quoted provider of digital media and 
technology announces it has signed its first agreements for OnSite with 
Firedoor Guardian Limited ("FDG"), a provider of building management and 
inspection services to the construction industry. 
 
   OnSite integrates the Company's blockchain technology, Sequestrum, which 
was launched in December 2018.  The agreements have an aggregate value 
of GBP50,000 which will be invoiced immediately. 
 
   The agreements include a licence agreement and a support agreement.  The 
agreements have provision for pricing of additional volume related 
transactions that may occur during the term of the contract. 
 
   FDG wishes to create an immutable database of their inspection records 
and audit information as required under the BS9999 and The Regulatory 
Reform (Fire Safety) Order 2005 and as recommended in the independent 
review of Building Regulations and Fire Safety report led by Dame Judith 
Hackett following the Grenfell Tower fire. 
 
   OnSite utilises the latest mobile and cloud technologies and integrates 
Catenae's distributed ledger technology which provides clients with the 
ability to store critical and regulatory reports in an immutable form 
within the Sequestrum repository providing auditable proof of both the 
existence of the report as well as its original content.   OnSite 
provides the ability for companies to manage and schedule their 
workforce and provides a universal inspection and reporting tool that 
has been adapted to meet the regulatory reporting standards for this 
industry. 
 
   The integration of Sequestrum provides full 'Proof of Work' by ensuring 
that inspection reports are stored in an immutable form directly from 
the mobile input device, recording the geo-coordinates of the device and 
centralised time stamping as meta data for full auditability. 
 
   Guy Meyer, a director of the Company is also a non-executive director 
and shareholder in FDG, consequently the entering into the agreements is 
being deemed a related party transaction (the "Transaction") under the 
AIM Rules for Companies.  The directors independent of the Transaction, 
having consulted with the Company's nominated adviser, believe that the 
terms of the transaction are fair and reasonable insofar as shareholders 
are concerned. 
 
   Tony Sanders, CEO, said: 
 
   "We are pleased to sign this initial agreement for our new product 
OnSite so soon after the product launch in December 2018, this follows 
extensive testing and proof of concept programme with the client. Being 
able to show blockchain technology being used in a 'real world' 
application was key to the Company accepting the opportunity to present 
its solutions at the UK Investor City Forum event on 21(st) January 
2019, as there are not many opportunities to see blockchain technology 
working beyond conceptual applications.  We hope to be making further 
announcements shortly." 
 
   This announcement contains inside information for the purposes of 
Article 7 of EU Regulation 596/2014. The person who arranged for release 
of this announcement on behalf of the Company was Tony Sanders (Chief 
Executive Officer). 
 
   For further information: 
 
 
 
 
Catenae Innovation Plc                             Tel: 020 7929 7826 
 Tony Sanders 
 
  Cairn Financial Advisers LLP, Nominated Adviser    Tel: 020 7213 0880 
  Liam Murray / Jo Turner 
 
  Alexander David Securities Limited, Broker         Tel: 020 7448 9820 
  David Scott / James Dewhurst 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

January 21, 2019 02:00 ET (07:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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