Catenae Innovation PLC Completion of New Product - Onsite ID (9178R)
03 Julio 2020 - 1:00AM
UK Regulatory
TIDMCTEA
RNS Number : 9178R
Catenae Innovation PLC
03 July 2020
3 July 2020
Catenae Innovation PLC
("Catenae", the "Company" or the "Group")
Completion of New Product - Onsite ID
Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of
digital media and technology announces that it has finalised the
development of a new product 'Onsite ID', a generic multi-document
digital wallet. The Onsite ID app was previously in development
when the Company slowed its progress to allocate resources to the
creation of the Cov-ID app, which shares a similar technology
platform.
Onsite ID provides the ability to view immutable records that
are written to blockchain, providing audit trails of transactions
and is GDPR compliant.
Guy Meyer, Interim Chief Executive Officer of Catenae, said: "I
am pleased to announce that the development of our new Onsite ID
product has been completed.
"Catenae initially undertook to develop Onsite ID for use in the
construction sector, given that industry's need for the proof of
Identity and Qualifications of the workforce; as well as their need
for proof of Health & Safety Certification levels. Onsite ID
provides a means of simultaneous validation of a number of data
sources and documents to counter the fraud potential that is
inherent in paper-based processes.
"The need for contractors and employers to prove that their
workforce is fully compliant will become more relevant as the UK
leaves the single market at the end of the year. Given the imminent
need for permissions to live and work in the UK, this provides
further opportunities for the deployment of our technology
solutions.
"Onsite ID can also be of use across multiple sectors globally,
wherever the validation of Identity Qualifications and Access
status are required.
"We look forward to informing the market of further developments
regards Onsite ID."
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 Guy
Meyer, Interim Chief Executive Officer of the Company.
- Ends -
For further information please contact:
+44 (0)191 580
Catenae Innovation PLC 8545
Guy Meyer, Interim CEO
Cairn Financial Advisers LLP (Nominated Adviser) +44(0)20 7213 0880
Liam Murray / Jo Turner
+44 (0)20 3463
Brandon Hill Capital Limited, Broker 5000
Andy Gutmann +44 (0)78796 8313
+44 (0)20 3004
Yellow Jersey PR (PR & IR) 9512
Sarah Hollins / Annabel Atkins
Notes to Editors:
About Catenae Innovation PLC
Catenae Innovation is an AIM quoted provider of digital media
and technology services. The Company specialises in Distributed
Ledger Technology solutions that solve commercial challenges and
create opportunities for its clients. The Company has an
experienced IT team of project managers and integrators who have
deployed systems across corporate, government and educational
sectors.
www.catenaeinnovation.com
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END
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