Catenae Innovation Plc: Contract And Product Update

 
TIDMCTEA 
 
   CATENAE INNOVATION PLC 
 
   ("Catenae" or the "Company") 
 
   Contract and Product Update 
 
   Catenae (AIM:CTEA), the AIM quoted provider of digital media and 
technology announces it has signed its first contract for a solution 
utilising its blockchain technology. This agreement is with STM Security 
UK Ltd ("STM") who have been customers of the Company since 2013. STM is 
a UK based security company and a supplier of manned security solutions 
and customer service staff, providing professional, trained and licensed 
personnel throughout the UK. 
 
   Under the terms of the contract Catenae will supply STM with OnGuard 
Plus, a business management solution which was specifically developed 
for the security industry. It utilises mobile and cloud technologies to 
support the administrative, operational and financial functions of the 
manned guarding sector. The integration of Catenae's Sequestrum 
distributed ledger technology provides clients with the ability to store 
critical and regulatory reports in an immutable form within the 
Sequestrum repository providing auditable proof of both the existence of 
the report as well as its original content. Revenue is generated via an 
annual 'in advance' licence fee as well as a transaction fee on a 'per 
report' basis. 
 
   Sequestrum Update -- Catenae has recently completed final testing of 
Sequestrum, Catenae's Distributed Ledger technology digital repository 
running on the Hyper Ledger Blockchain platform. This recent technical 
development opens up the opportunity for Sequestrum to be run on the 
client's choice of Blockchain platform, significantly broadening its 
potential application. 
 
   OnSite -- The Company announces the launch of its management and 
inspection platform - OnSite. This product has been developed 
specifically for the construction industry. The product provides the 
ability for companies to manage and schedule their workforce and 
provides a universal inspection and reporting tool that can be adapted 
to meet the regulatory reporting standards for this industry. The 
integration of Sequestrum ensures that inspection reports are stored in 
an immutable form directly from the mobile input device, recording the 
geo-coordinates of the device and centralised timestamping as meta data 
for full auditability. 
 
   We hope to make further announcements on further commercial agreements 
in the near future. 
 
   This announcement contains inside information for the purposes of 
Article 7 of EU Regulation 596/2014. The person who arranged for release 
of this announcement on behalf of the Company was Tony Sanders (Chief 
Executive Officer). 
 
   For further information: 
 
 
 
 
 
  Catenae Innovation PLC                           Tel: [phone] 
  Tony Sanders 
 
Cairn Financial Advisers LLP, Nominated Adviser  Tel: [phone] 
 Liam Murray / Jo Turner 
 
 
  Alexander David Securities Limited, Broker       Tel: [phone] 
  David Scott / James Dewhurst 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

December 06, 2018 02:00 ET (07:00 GMT)

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