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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June 27, 2022 02:00 ET (06:00 GMT)

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