Catenae Innovation PLC Pilot programme with a charity (3681E)
07 Julio 2021 - 1:00AM
UK Regulatory
TIDMCTEA
RNS Number : 3681E
Catenae Innovation PLC
07 July 2021
7 July 2021
Catenae Innovation PLC
("Catenae" or the "Company", the "Group")
Pilot programme with a charity
Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of
digital media and technology, announces that its subsidiary,
Hyperneph Software Limited ("Hyperneph"), has developed a
cloud-based platform and mobile app that is being used with a
charity working in conjunction with public sector organisations.
The agreement is for a period of up to 12 months and is currently
on trial in a major UK city.
The mobile app enables Hyperneph's customer to introduce an
individual to a service provider and subsequently tracks the
progress of their initial engagement, whilst respecting the privacy
and rights of the person under the UK's GDPR legislation.
The initial contract value is GBP12,500 which has been paid to
Hyperneph. If the project is successful it could be rolled out on a
wider scale across the UK, with the potential to generate recurring
income for the Group.
Hyperneph is a 51% owned subsidiary of the Company.
Guy Meyer, Chief Executive Officer of Catenae, said:
"Hyperneph's involvement in this pilot programme is showcasing the
sophistication of the Group's technology and its potential
application across a wide range of industries as we diversify away
from Covid-related activities to provide digital transformation
services and products to a wide range of sectors.
"Although we are unable to disclose further specific details of
this pilot due to its confidential nature, there is potential for
substantive revenue generation for Catenae given that there are
sixty-eight Metropolitan boroughs in England alone and this service
is designed to operate on a borough-by-borough basis.
"We look forward to keeping the market updated on our
progress."
- Ends -
This announcement contains inside information for the purposes
of the UK Market Abuse Regulation. The person who arranged for
release of this announcement on behalf of the Company was Guy
Meyer, Chief Executive Officer of the Company and the Directors of
the Company are responsible for the release of this
announcement.
For further information please contact:
+44 (0)191 580
Catenae Innovation PLC 8545
Guy Meyer, Chief Executive Officer
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)20 3004
Yellow Jersey PR (PR & IR) 9512
Sarah Hollins / Annabel Atkins / Matthew McHale
Notes to Editors:
About Catenae Innovation PLC
Catenae Innovation is an AIM quoted provider of digital media
and technology services. Catenae use the power of blockchain to
deliver solutions where its people-centric technology enables trust
and certainty allowing organisations to gain better control over
their operations, manage staff and safely welcome customers.
www.catenaeinnovation.com
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END
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July 07, 2021 02:00 ET (06:00 GMT)
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