Tintra PLC New Patent Applications (6109Z)

TIDMTNT

RNS Number : 6109Z

Tintra PLC

16 May 2023

15 May 2023

Tintra plc

("Tintra", the "Group" or the "Company")

New Patent Applications

The board of directors (the "Board") of Tintra , the rapidly innovating Deep Tech & Banking business, is pleased to announce the filing of three new patent applications (the "Patents"). The Patents relate to two individual unique inventions that have been submitted to the United Kingdom and United States Patent Offices. The Patents, if granted, will be held by Tintra 3.0 Limited.

Both inventions will add additional, and significant, IP protection to the unique technological infrastructure which the Group is building as part of its program to introduce novel web3 technologies into secure, regulated, environments. This ensures the Group's continued operation in a technological landscape which differentiates it from its competitors, namely in a space which combines the advanced areas of innovation of web3 and the heavily regulated environment of traditional banking.

Through bringing both of these sectors together in a unique way that allows the benefits of digital innovation while still remaining compatible with legacy frameworks, these innovations provide the risk-off approach that Tintra seeks, and regulators demand.

The first invention, entitled "A BLOCKCHAIN SYSTEM AND METHOD FOR AUTHENTICATED USE OF A STABLE FUNGIBLE TOKEN" has been filed with the United Kingdom Patent Office with application number GB2306543.6, and is imminently due to be additionally filed with the United States Patent & Trademark Office.

The second invention, entitled "A SYSTEM AND METHOD FOR AUTHENTICATION AND ASSOCIATION OF MULTI- PLATFORM ACCOUNTS" has been filed with the United States Patent & Trademark Office, with serial number 18/195754. This invention furthers the IP protection provided by the Company's previously granted patent (US11615399B1), and when combined with the patents currently under review, creates solid IP protection for the web3 infrastructure the Company is currently building. This patent application will also expected to be filed in the U.K. shortly.

Further to this, the Company is now proceeding with international patent protection under the Patent Cooperation Treaty (PCT), alongside direct applications to a number of countries globally. This forms a part of our larger strategy for protection of the Group's inventions within all of the geographical regions that it intends to operate once active.

Dr Davy Smith, the Company's Chief Innovation Officer, said: "These two inventions make concrete our rapidly developing R&D into the possibilities of utilising web3 technologies within the strictly regulated banking ecosystem. We have previously, and continue to, adopt the approach that disruptive technologies should be embraced. However, innovative solutions must be applied in a considered manner, with a full understanding of, and interoperability with, the existing regulatory and technological infrastructures in which they reside. It is only through this mindset that we can truly enable real change."

For further information, contact:

 
 Tintra PLC 
  (Communications Head) 
  Hannah Haffield 
  [e-mail] 
  Website www.tintra.com                     020 3795 0421 
 
   Allenby Capital Limited 
   (Nomad, Financial Adviser & Broker) 
   John Depasquale / Nick Harriss / Vivek 
   Bhardwaj                                    020 3328 5656 
 

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May 16, 2023 09:00 ET (13:00 GMT)