Trendit Limited Result of EGM (3999U)

TIDMTRIT

RNS Number : 3999U

Trendit Limited

06 April 2016

6(th) April 2016

TRENDIT LTD

("Trendit" or "the Company")

Result of EGM

Trendit Ltd (TRIT), the provider of cutting-edge technology for real-time monitoring of population movement, trend analytics, and crowd behaviour, announces that at the Extraordinary General Meeting of the Company held on April 3rd 2016 all the resolutions were duly passed. Ms. Yael Mittelman and Mr. Amir Adibi have been appointed as external directors of the Board of the Company with immediate effect.

-Ends-

For more information:

 
 Peterhouse Corporate 
  Finance (Broker) 
  Charles Goodfellow           [phone] 
 Yellow Jersey (Financial 
  PR) 
  Charles Goodwin              [phone] 
  Alistair Kare-Silver         [phone] 
 

About Trendit:

Trendit provides cutting-edge technology for real-time monitoring of population movement, trend analytics, and crowd behaviour. Trendit's technology has the ability to analyse data collected from as little as a single data source, and merge individual network events together with geographical information that create "population clouds," which analyse and predict trends.

The Company is seeking to become a global player within the Big Data Analytics space and believes it is well placed to capture significant market share in what is a multi-billion dollar industry.

The Company's Technology:

Trendit's technology has the ability to analyse data collected from as little as a single data source, and merge individual network events together with geographical information that create "population clouds," which analyse and predict trends.

The single data source, able to sample as little as only 15% of the population (e.g. cellular operator with only 15% market share) in a specific geographic area, can provide sufficient information for representing crowd behaviour of an entire population with about 85% accuracy, calculating how many people are located in a given area and groups people by various segments (social economic, place of origin, etc.).

The heart of the Trendit technology is the "Trend Engine." Divided into several modules it is responsible for processing the incoming data streams, calculating the incoming data, providing a depiction of the data in real-world terms and providing an estimation of the population based on the analysis.

Further information on the Group is available at:

http://www.trendit.net/#/home/home

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

April 06, 2016 09:56 ET (13:56 GMT)