Milestone Group PLC Catenae Innovation Plc: Update
June 20 2018 - 2:00AM
UK Regulatory
TIDMMSG
CATENAE INNOVATION PLC
("Catenae" or the "Company")
UPDATE
Catenae (AIM:CTEA), the AIM quoted provider of digital media and
technology, is pleased to announce:-
-- that its joint venture subsidiary, Trust in Media Ltd ("Trust in Media"
or "TiM") has demonstrated the first phase of their Music industry
Blockchain application and signed a proof of concept agreement;
-- it has signed a proof of concept agreement with Aston Villa Football Club
for the Company's OnSide Pro solution;
-- senior appointments to the team.
TRUST IN MEDIA DEMONSTRATES FIRST PHASE OF MUSIC INDUSTRY BLOCKCHAIN
APPLICATION AND SIGNS PROOF OF CONCEPT AGREEMENT
Trust in Media ("TiM") has successfully demonstrated their Digital Asset
Registration and Transactional Tracking system, the first phase of their
distributed ledger based application development (DLT / Blockchain).
Alan Simpson (Catenae) and Martin Heath (Trust in Media) demonstrated
the system at MIDEM (Marché International du Disque et de l'Edition
Musicale) in Cannes on 5 - 8 June 2018. MIDEM is an international B2B
music event for key players in the music ecosystem.
As a result, TiM is pleased to confirm the signing of a proof of concept
project agreement with a leading provider of rights included music to
trial the embedding of the Digital Asset Registration and Transactional
Tracking technology within the providers operations. This allows the
provider to record digital assets rights information for individual
music tracks and capture the playout details of those assets when they
are streamed or downloaded.
ASTON VILLA SIGN PROOF OF CONCEPT AGREEMENT
Catenae is pleased to announce that it has signed a proof of concept
agreement with Aston Villa Football Club ("AVFC") for the Company's
OnSide Pro solution.
Under the agreement, Aston Villa's Foundation will be utilising OnSide,
Catenae's GDPR compliant solution, to manage a number of coaching
sessions and community engagements. OnSide will be used to gather
various data points including attendance information, training plans as
well as diversity and inclusion data for participants to assist in
assessing social outcome reporting. It will also be used for time
recording, health and safety and risk assessment reporting. The proof
of concept programme is expected to run for 8 weeks, after which a
decision will be made regarding the long term adoption of OnSide within
the club.
SENIOR APPOINTMENTS
Alan Simpson - CTO
Alan Simpson has joined the Company as Chief Technology Officer. Alan
is a highly regarded technologist with experience gained on a number of
high-profile projects, including being the Technical Delivery Manager
for BBC's iPlayer project. Alan will be responsible for strategy and
delivery of technical projects across the group including Trust in
Media's Digital Asset Registration and Transactional Tracking and
Payment system which utilises converged private and public distributed
ledger technology (Blockchain).
Tony Sanders - CEO
The Board announces that Tony Sanders has been appointed permanent Chief
Executive Officer of the Company, Tony had been appointed Interim CEO in
September 2017.
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
Cornhill Capital, Broker Tel: 020 3700 2500
Daniel Gee
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Catenae Innovation P.L.C. via Globenewswire
http://www.milestonegroup.co.uk/
(END) Dow Jones Newswires
June 20, 2018 02:00 ET (06:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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