Milestone Group PLC Catenae Innovation Plc: Update

 
TIDMMSG 
 
 
   CATENAE INNOVATION PLC 
 
   ("Catenae" or the "Company") 
 
   UPDATE 
 
 
 
   Catenae (AIM:CTEA), the AIM quoted provider of digital media and 
technology, is pleased to announce:- 
 
 
   -- that its joint venture subsidiary, Trust in Media Ltd ("Trust in Media" 
      or "TiM") has demonstrated the first phase of their Music industry 
      Blockchain application and signed a proof of concept agreement; 
 
   -- it has signed a proof of concept agreement with Aston Villa Football Club 
      for the Company's OnSide Pro solution; 
 
   -- senior appointments to the team. 
 
 
 
   TRUST IN MEDIA DEMONSTRATES FIRST PHASE OF MUSIC INDUSTRY BLOCKCHAIN 
APPLICATION AND SIGNS PROOF OF CONCEPT AGREEMENT 
 
   Trust in Media ("TiM") has successfully demonstrated their Digital Asset 
Registration and Transactional Tracking system, the first phase of their 
distributed ledger based application development (DLT / Blockchain). 
Alan Simpson (Catenae) and Martin Heath (Trust in Media) demonstrated 
the system at MIDEM (Marché International du Disque et de l'Edition 
Musicale) in Cannes on 5 - 8 June 2018. MIDEM is an international B2B 
music event for key players in the music ecosystem. 
 
   As a result, TiM is pleased to confirm the signing of a proof of concept 
project agreement with a leading provider of rights included music to 
trial the embedding of the Digital Asset Registration and Transactional 
Tracking technology within the providers operations. This allows the 
provider to record digital assets rights information for individual 
music tracks and capture the playout details of those assets when they 
are streamed or downloaded. 
 
   ASTON VILLA SIGN PROOF OF CONCEPT AGREEMENT 
 
   Catenae is pleased to announce that it has signed a proof of concept 
agreement with Aston Villa Football Club ("AVFC") for the Company's 
OnSide Pro solution. 
 
   Under the agreement, Aston Villa's Foundation will be utilising OnSide, 
Catenae's GDPR compliant solution, to manage a number of coaching 
sessions and community engagements. OnSide will be used to gather 
various data points including attendance information, training plans as 
well as diversity and inclusion data for participants to assist in 
assessing social outcome reporting. It will also be used for time 
recording, health and safety and risk assessment reporting.  The proof 
of concept programme is expected to run for 8 weeks, after which a 
decision will be made regarding the long term adoption of OnSide within 
the club. 
 
   SENIOR APPOINTMENTS 
 
   Alan Simpson - CTO 
 
   Alan Simpson has joined the Company as Chief Technology Officer.  Alan 
is a highly regarded technologist with experience gained on a number of 
high-profile projects, including being the Technical Delivery Manager 
for BBC's iPlayer project.  Alan will be responsible for strategy and 
delivery of technical projects across the group including Trust in 
Media's Digital Asset Registration and Transactional Tracking and 
Payment system which utilises converged private and public distributed 
ledger technology (Blockchain). 
 
   Tony Sanders - CEO 
 
   The Board announces that Tony Sanders has been appointed permanent Chief 
Executive Officer of the Company, Tony had been appointed Interim CEO in 
September 2017. 
 
 
 
   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 
Cornhill Capital, Broker                         Tel: [phone] 
 Daniel Gee 
 
 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Catenae Innovation P.L.C. via Globenewswire 
 
 
  http://www.milestonegroup.co.uk/ 
 

(END) Dow Jones Newswires

June 20, 2018 02:00 ET (06:00 GMT)

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