Business Update

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:

Catenae Innovation PLC	[phone]
Guy Meyer, Chief Executive Officer
Cairn Financial Advisers LLP (Nominated Adviser)	[phone]
Liam Murray / Jo Turner
Brandon Hill Capital Limited, Broker	[phone]
Andy Gutmann
Yellow Jersey PR (PR & IP)	[phone]
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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