Catenae Innovation Plc: Licence Framework Agreement Signed

Data : 05/02/2019 @ 08:00
Fonte : UK Regulatory (RNS & others)
Titolo : Catenae Innovation Plc (CTEA)
Quotazione : 0.6  -0.05 (-7.69%) @ 14:43
Quotazione Catenae Innovation Grafico

Catenae Innovation Plc: Licence Framework Agreement Signed

 
TIDMCTEA 
 
   CATENAE INNOVATION PLC 
 
   ("Catenae" or the "Company") 
 
   Licence Framework Agreement Signed 
 
   Catenae (AIM:CTEA), the AIM quoted provider of digital media and 
technology announces it has entered into a 5-year renewable licence 
framework agreement with Z/Yen Group Limited for the use of "ChainZy" - 
Z/Yen's distributed ledger platform. 
 
   ChainZy delivers high speed, secure data and transaction handling 
capabilities utilising distributed ledgers. ChainZy is designed to be 
used in market sectors that require the secure, authoritative and 
immutable history of auditable transactions: financial services, private 
utilities, the public sector and many other areas of business and 
government activity. 
 
   The ChainZy platform can be utilised to support Catenae's universal 
digital repository application, Sequestrum, as well as future 
applications the Company may develop. Sequestrum provides the 
immutability function for the recently launched OnSite product and 
ChainZy provides the distributed ledger platform in this instance. 
ChainZy has been extensively tested with Sequestrum and is our preferred 
platform. 
 
   The use of the Chainzy product and associated licence fee will be 
dependent on the Company's solution for each specific client. The fee 
structure will take the form of a licence fee and / or a per transaction 
fee. 
 
   Professor Michael Mainelli, Executive Chairman and co-founder Z/Yen 
Group Limited, commented 
 
   "Catenae's business is the perfect synergetic match for ChainZy.  We 
have a good working relationship over many years with their excellent 
CTO, Alan Simpson.  Their desire to deliver smart ledgers for 
responsible independent time recording on our 'Internet of Record', 
ChainZy, is commendable.  We look forward to developing more innovations 
that fundamentally alter the way business does business and government 
governs." 
 
   Tony Sanders, CEO commented: 
 
   "We are pleased to formalise our relationship with Z/Yen, who have been 
working in the distributed ledger arena for a good number of years under 
the world-renowned thought leadership of Professor Mainelli. We look 
forward to this mutually beneficial relationship, collaborating together 
to develop real-world, commercially viable solutions that meet pressing 
corporate and organisational needs." 
 
   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: 020 7929 7826 
 Tony Sanders 
 
  Cairn Financial Advisers LLP, Nominated Adviser    Tel: 020 7213 0880 
  Liam Murray / Jo Turner 
 
  Alexander David Securities Limited, Broker         Tel: 020 7448 9820 
  David Scott / James Dewhurst 
 
 
 
 
 

(END) Dow Jones Newswires

February 05, 2019 02:00 ET (07:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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