TIDMCTEA
RNS Number : 0176X
Catenae Innovation PLC
25 August 2020
25 August 2020
Catenae Innovation PLC
("Catenae", the "Company" or the "Group")
Business Update
Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of
digital media and technology provides the following business
update.
Company Technology IP Development
F urther to the announcement of 1 July 2020 regarding completion
of the Cov-ID app and subsequent announcement on 3 July 2020
regarding completion of the Onsite ID app, the Company is pleased
to provide the following product update.
In order to provide a more comprehensive product offering to
cater for the needs of multiple sectors, Catenae has focused on
upgrading its Onsite ID app to deliver an enhanced version of the
Cov-ID app. Onsite ID allows multiple health and other work-related
documents to be filed in a multi-document digital wallet and
passport, and can therefore be used across a range of sectors
including healthcare, construction and hospitality.
The Company now includes Data Dashboarding as part of the
service that it offers its clients. The presentation of data sets
within an easy-to-use, instant access dashboard on mobile devices
gives business managers the ability to see the health and
availability to work status of their workforces and to make fast
business decisions ensuring efficient and productive workflows are
maintained in the face of Covid-19.
Newcastle Premier Health Covid-19 Screening Programme
The Company announces the first commercial use of its Onsite ID
app in partnership with its occupational health and wellness
partner, Newcastle Premier Health Limited ("NPH").
NPH has completed the initial screening phase of its Access
Control Programme for its customers. Onsite ID performs an integral
part of the overall programme that helps businesses get employees
back to work safely. Individual Covid-19 test results are set to be
entered into the Onsite ID app which then will be used as a digital
passport, enabling the users to share their Covid-19 status in a
secure, immutable and GDPR compliant manner when meeting clients in
person.
NPH's Access Control Programme is currently in progress and is
expected to complete in the next three weeks. This will provide the
Company with a useful case study for further sales and marketing
activities.
Guy Meyer, Chief Executive Officer of Catenae, said: "We are
pleased to have secured our first commercial sale for the Onsite ID
app which has just undergone a version upgrade. This sale is
testament to the app's effectiveness in managing workforces and
providing safety in controlled environments, given its
multi-purpose functionality. Our human-focused technologies are
designed to mitigate risks for businesses, their people and their
customers and I am pleased to see our latest product performing
well in these challenging times.
"We remain focused on delivering results through building the
Company's IP and talent capacity across the business as we further
explore international and local sales opportunities, including
those with NPH. We look forward to keeping the market updated with
our progress."
Mark Philpott, Managing Director of NPH, commented: "NPH Group
is now working with two new companies in the North East in the
Finance and Manufacturing sectors to help them return their staff
to work in a safe and supported way.
"Combined with Catenae's products, NPH's clinical solutions
provide our clients with the ability to test, track and trace
employees. Clients will also have the option to monitor the profile
of a work population using dashboarding, making it easy for
businesses to dynamically manage the risk profile and cycle of
Covid-19 incidences, infection and testing.
"We are excited to be at the forefront of providing solutions to
businesses, helping them to move forward with confidence."
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 Guy
Meyer, Chief Executive Officer of the Company.
- Ends -
For further information please contact:
+44 (0)191 580
Catenae Innovation PLC 8545
Guy Meyer, Chief Executive Officer
Cairn Financial Advisers LLP (Nominated Adviser) +44(0)20 7213 0880
Liam Murray / Jo Turner
+44 (0)20 3463
Brandon Hill Capital Limited, Broker 5000
Andy Gutmann
+44 (0)20 3004
Yellow Jersey PR (PR & IP) 9512
Sarah Hollins / Annabel Atkins
Notes to Editors:
About Catenae Innovation PLC
Catenae Innovation is an AIM quoted provider of digital media
and technology services. Catenae use the power of blockchain to
deliver solutions where its people-centric technology enables trust
and certainty allowing organisations to gain better control over
their operations, manage staff and safely welcome customers.
www.catenaeinnovation.com
Forward-Looking Statements
Certain statements made in this announcement are forward-looking
statements. These forward-looking statements are not historical
facts but rather are based on the Company's current expectations,
estimates, and projections about its industry; its beliefs; and
assumptions. Words such as 'anticipates,' 'expects,' 'intends,'
'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions
are intended to identify forward-looking statements. These
statements are not guarantees of future performance and are subject
to known and unknown risks, uncertainties, and other factors, some
of which are beyond the Company's control, are difficult to
predict, and could cause actual results to differ materially from
those expressed or forecasted in the forward-looking
statements.
The Company cautions security holders and prospective security
holders not to place undue reliance on these forward-looking
statements, which reflect the view of the Company only as of the
date of this announcement. The forward-looking statements made in
this announcement relate only to events as of the date on which the
statements are made. The Company will not undertake any obligation
to release publicly any revisions or updates to these
forward-looking statements to reflect events, circumstances, or
unanticipated events occurring after the date of this announcement
except as required by law or by any appropriate regulatory
authority.
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August 25, 2020 02:00 ET (06:00 GMT)
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