Tintra PLC Patent Application (0588P)
16 Junio 2022 - 1:00AM
UK Regulatory
TIDMTNT
RNS Number : 0588P
Tintra PLC
16 June 2022
16 June 2022
TINTRA PLC
("Tintra", the "Group" or the "Company")
Filing of UK Patent Application to Protect Web3 Intellectual
Property
The board of directors (the "Board") of Tintra , the rapidly
innovating Bank Technology business, is pleased to announce that it
has filed a UK patent application to protect intellectual property
that it has created (the "Patent") as part of its rapid research
and development program.
The Patent is numbered GB2208742.3 and will be viewable on the
Intellectual Property Office's website at
https://www.ipo.gov.uk/p-pj in due course.
The Company will be seeking international patent protection for
the verification and authentication of independent digital wallets,
particularly, the linking of regulated and unregulated digital
wallets when there is established common ownership and a desire to
achieve rapid linking of those different accounts supported across
disparate platforms for inter-dependent wallet operation,
especially in the context of Web 3.0.
Richard Shearer, the Company's Chief Executive, said "This is
another piece of the puzzle as we endeavour to change the way that
developed and emerging economies transact with each other.
Today marks the end of a 90-Day internal project which we named
Project Revolution, the results of which have exceeded our
expectations. The outputs include strategic leaps forward across
the Regulatory, Technology and Operations Teams and have
crystalised our mission in one place for the first time. We expect
to start publishing these results over the coming weeks.
In the current financial environment where investors will
increasingly be looking for tangible underlying assets, rather than
pure speculative investments, we are ensuring that our strategy is
one that meets that market shift. By developing proprietary
technology and IP along with bank licences across four
jurisdictions we are building out a strategy that provides value to
our shareholders today and will further cement upward valuations as
each target is achieved.
The IP we are protecting under this Patent Application forms
part of our philosophy that legacy banking and Web 3.0 need not
view each other as an existential threat. This filing is expected
to protect our innovations as we seek to reach our goal of using
Artificial Intelligence to make Real Change. "
For further information, contact:
Tintra PLC
(Communications Head)
Hannah Haffield
h.haffield@tintra.com
Website www.tintra.com 020 3795 0421
Allenby Capital Limited
(Nomad, Financial Adviser & Broker)
John Depasquale / Nick Harriss / Vivek
Bhardwaj 020 3328 5656
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END
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