Catenae Innovation Plc: Licence Framework Agreement Signed
05 Febrero 2019 - 1:00AM
UK Regulatory
TIDMCTEA
CATENAE INNOVATION PLC
("Catenae" or the "Company")
Licence Framework Agreement Signed
Catenae (AIM:CTEA), the AIM quoted provider of digital media and
technology announces it has entered into a 5-year renewable licence
framework agreement with Z/Yen Group Limited for the use of "ChainZy" -
Z/Yen's distributed ledger platform.
ChainZy delivers high speed, secure data and transaction handling
capabilities utilising distributed ledgers. ChainZy is designed to be
used in market sectors that require the secure, authoritative and
immutable history of auditable transactions: financial services, private
utilities, the public sector and many other areas of business and
government activity.
The ChainZy platform can be utilised to support Catenae's universal
digital repository application, Sequestrum, as well as future
applications the Company may develop. Sequestrum provides the
immutability function for the recently launched OnSite product and
ChainZy provides the distributed ledger platform in this instance.
ChainZy has been extensively tested with Sequestrum and is our preferred
platform.
The use of the Chainzy product and associated licence fee will be
dependent on the Company's solution for each specific client. The fee
structure will take the form of a licence fee and / or a per transaction
fee.
Professor Michael Mainelli, Executive Chairman and co-founder Z/Yen
Group Limited, commented
"Catenae's business is the perfect synergetic match for ChainZy. We
have a good working relationship over many years with their excellent
CTO, Alan Simpson. Their desire to deliver smart ledgers for
responsible independent time recording on our 'Internet of Record',
ChainZy, is commendable. We look forward to developing more innovations
that fundamentally alter the way business does business and government
governs."
Tony Sanders, CEO commented:
"We are pleased to formalise our relationship with Z/Yen, who have been
working in the distributed ledger arena for a good number of years under
the world-renowned thought leadership of Professor Mainelli. We look
forward to this mutually beneficial relationship, collaborating together
to develop real-world, commercially viable solutions that meet pressing
corporate and organisational needs."
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
February 05, 2019 02:00 ET (07:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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