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 provide an update regarding:- 
 
 
   -- Successful completion of proof of concept exercise with Aston Villa 
      Football Club for the Company's OnSide solution announced on 20 June 2018 
      leading to commercial negotiations; 
 
   -- Successful completion of proof of concept exercise with provider of 
      building management and inspection services as announced on 5 July 2018 
      also leading to commercial negotiations; and 
 
   -- Positive findings from the on-going trial of Trust in Media's Digital 
      Image Library 
 
   Aston Villa Football Club 
 
   Catenae is pleased to announce that the proof of concept exercise with 
Aston Villa Football Club ("AVFC") has completed successfully. 
 
   AVFC and the Company have now commenced commercial negotiations with a 
view to the OnSide product being fully integrated within AVFC's 
operations in the near future. 
 
   Sequestrum 
 
   Catenae's Mobile Business Solutions division, which operates remote 
workforce management tools, has successfully completed a proof of 
concept exercise with a provider of building management and inspection 
services. This proof of concept involved the use of Catenae's digital 
repository solution, Sequestrum, which utilises distributed ledger 
technology ("DLT" also known as Blockchain) to record inspection reports 
in an immutable manner. 
 
   The companies have now engaged in commercial discussions regarding the 
long-term use of Sequestrum. 
 
   As a result of this proof of concept exercise, the client has requested 
Catenae expand the project to include the creation of the mobile 
application and management dashboard that will form the basis of their 
product offering. 
 
   We expect to make further announcements on the above commercial 
agreements in the near future. 
 
   Trust in Media -- Digital Image library 
 
   Catenae's subsidiary, Trust in Media is pleased to confirm the proof of 
concept project with a service provider in the Image Licensing sector to 
trial the embedding of the Digital Asset Registration and Transactional 
Tracking technology within the provider's operations also announced on 5 
July 2018 continues to plan, following initial positive findings. 
 
   Tony Sanders, CEO, commented: 
 
   "It is always good when a plan comes together and seeing our products 
being trialled in earnest and to not only pass with flying colours but 
provide realistic opportunities of signed agreements confirms the 
strategy. Particularly with regards to our DLT application Sequestrum, 
this being the first real world use of this innovative service. We look 
forward to announcing signed agreements in due course" 
 
   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

October 01, 2018 02:00 ET (06:00 GMT)

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