TIDMTNT
RNS Number : 2594Q
Tintra PLC
27 June 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
27 June 2022
TINTRA PLC
("Tintra", the "Group" or the "Company")
Appointment of Chief Science Officer
The board of directors (the "Board") of Tintra, the rapidly
innovating Banking & Technology business, is pleased to
announce the appointment yesterday of Dr Joe Lyske as Chief Science
Officer ("CSO") and a Director of the Company as the Group
continues to execute its plan to build global banking
infrastructure driven by Artificial Intelligence and Natural
Language Processing tools.
Dr Lyske is a co-founder of Time Machine Capital 2 Limited, the
Company's joint venture partner in Tintra 3.0. It is through this
relationship that he first joined the Group's activities as part of
the Tintra 3.0 Ltd team, the artificial intelligence ("AI") joint
venture announced on 24 November 2021, where he made a considerable
contribution to the patent application announced on 16 June
2022.
Dr Lyske was until recently CTO of Triller, a US based
video-sharing social networking app, as well as CEO and Co-founder
of Mashtraxx.
He has invented and patented several creative AI core
technologies one of which resulting in the world's first AI engine
that atomises, re-constructs and edits any music to video,
instantly.
Dr Lyske holds a PhD in Artificial Intelligence from Queen Mary,
University of London, and an Advanced Masters in Composition for
Screen from the Royal College of Music. In addition to his
achievements in the technology space, he has pursued successful
careers in both academia and music.
Dr Lyske said, "I am very pleased to be taking this step with
Tintra as we continue to focus on building technology that enacts
real change.
Tintra's mission of building a banking platform that sees the
world as it is rather than through a distorted lens is the right
mission at the right time in my view. I have seen first-hand these
preconceptions written in the very code of historical banking
infrastructure. I look forward to being involved with a project
that does not hide behind phrases like 'legacy infrastructure' as
an excuse for domestic protectionism.
Just as institutionalised prejudices in an organisation can only
be changed if the culture of the organisation is changed
technologically architectured preconceptions can only change if we
embrace new technologies, and stop hiding behind the word "legacy",
as if it is an adequate excuse for a technological bigotry that
causes real human discrimination and harm.
Using weighted averages to blanket-analyse whole countries'
populations and businesses is a lazy way to assess risk, and we as
a society can and should do better.
Tintra's goal of doing that is one that I am passionate about. I
look forward to building the technology to allow this to
happen."
Richard Shearer , Tintra's CEO, said, "Using technology to
create a better future is something that has become a familiar
retort across the world and is a goal that should be encouraged.
However, some sectors have had more success than others in
achieving this goal.
In financial services, actually effecting positive change is
perhaps harder than in any other verticals. So it is not to our
competitors' detriment that true emerging market fiscal inclusion
is still something that is little more than a notion. It's a big
challenge that requires new thinking.
As a company we are closer than most to what the challenges are
in these markets and what needs to be achieved to create this level
fiscal playing field. Having this pursuit as our North Star is one
thing but it requires a team of people across a range of
disciplines to make it work.
Throughout this year, we have therefore built a team of great
minds across a range of disciplines, from technologists, to
futurists, geopoliticians, ethnographers, regulatory specialists,
and beyond. All of whom share our vision to create true fiscal
inclusion across emerging markets, unencumbered by legacy
thinking.
We will only do good for people once we have built the
infrastructure that will make this change.
To this end, welcoming Dr Lyske to our board is a major step
toward delivering on our vision. Joe shares my passion about
building a multi-billion-dollar business over the next few years -
but that sits secondary to the goal of creating a business that
creates true fiscal inclusion across the world.
Joe has invented dozens of AI processes and technologies across
a range of disciplines and his leadership abilities have become
evident through our work together over the past six months or so.
Perhaps equally important, Joe has recently served as CTO of a
company that scaled from a few dozen to many hundreds in a very
short period of time, something that we are looking to replicate
over the coming 12-18 months.
I am delighted to welcome Joe to the board today, and I look
forward to working with him as we create Artificial Intelligence to
enact Real Change(TM)."
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
Regulatory disclosures
In accordance with Schedule 2(g) of the AIM Rules, Dr Joseph
Michael William Lyske, known as "Joe", (previous surname, "Molloy"
as a child) (aged 47) holds, or has held in the past 5 years, the
following directorships and partnerships:
Current Past five years
Dacci Ltd Eevsy Ltd
Dormantai Ltd Time Machine AI LLP
(LLP designated member)
Mashtraxx Limited
Mashtraxx (Triller Holding) Limited
*
Time Machine Capital Limited
*
Time Machine Capital Squared
LLP
(LLP designated member)
(* Currently subject to solvent
Members' Voluntary Liquidation
)
Dr Lyske holds 18,500 ordinary shares of 1 pence each in the
capital of the Company ("Ordinary Shares") (equivalent to 0.12% of
the issued ordinary share capital). In addition, he is a founder
and person of significant control, but not a director, of Time
Machine Capital 2 Limited, which holds 636,475 Ordinary Shares
(equivalent to 4.29% of the issued ordinary share capital) and
636,475 warrants (full details as announced 24 November 2021).
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END
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