TIDMCTEA
RNS Number : 4118E
Catenae Innovation PLC
05 November 2020
5 November 2020
Catenae Innovation PLC
("Catenae", the "Company" or the "Group")
Update on Afrik-ID
Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of
digital media and technology, announces that, further to the
announcement made on 3 July 2020, following the completion of the
four-month pilot agreement with Afrik-ID (Pty) Ltd ("Afrik-ID"),
the Company and Afrik-ID have entered into a Memorandum of
Understanding ("MoU") to continue their relationship and work to
commercialise potential opportunities.
Of particular interest to Afrik-ID are the opportunities to
utilise and leverage the services that can be supplied between
Catenae and BHA-Medical Limited ("BHA-Medical") as announced by the
Company on 16 October 2020.
The MoU provides Afrik-ID with a framework to access to
BHA-Medical's Covid-19 Near-Patient Healgen Antigen and the
Three-Antibody test kits, as well as its professional clinical
consultancy service to enable the tests to be conducted safely and
successfully. Catenae's associated GDPR-compliant blockchain-based
identity technology, including its data management platform and
Onsite ID mobile app, could also be supplied to process the
results.
The services would be rolled out via Afrik-ID's network across
sectors including construction, logistics, mining, sports,
healthcare, human rights services, law-enforcement and travel and
tourism. Its solutions would enable organisations, businesses and
individuals to share certification and identity information via
mobile phones in a secure manner.
The MoU is not a legally binding agreement, there is no
certainty that a definitive legal agreement will be entered into
between the parties or that if such an agreement was entered into
that it would generate profit for the Group.
Guy Meyer, Chief Executive Officer of Catenae, said: "We are
delighted to provide this update on Afrik-ID following the
completion of our pilot agreement, given the level of commercial
potential that Afrik-ID has been able to identify within Botswana
and SADC."
David Newman, Chairman and Chief Executive Officer of Afrik-ID,
said: " Afrik-ID has been assessing the market for Catenae
solutions into the SADC region. With the advent of the Catenae/BHA
JV, the growing functionality around the technology and the obvious
commercial application into sectors such as mining and telecoms, we
are keen to build on the existing agreement and widen it to a full
market exploitation, commercialisation and support arrangement
based on the new holistic solution."
Gavyn Hough, Group Director of BHA-Medical, said: "We are
pleased at the prospect of engaging Afrik-ID as a channel partner
as part of our go-to-market strategy within the region. We are very
aware of the issues faced by the region, along with the associated
opportunities."
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
About BHA-Medical
BHA-Medical is a medical equipment supply company, with over 20
years of international experience. It works commercially and
clinically with some of the world leaders in both pre-hospital and
hospital settings.
www.bha-medical.com
About Afrik-ID
Afrik-ID is a 100% Botswana citizen owned technology company
dedicated to bringing the best of global technology to Botswana and
SADC for the benefit of the people of the region. Their vision is
to bring technology-based secure identity solutions that include
Health, Travel and Tourism, Logistics, Industrial, Manufacturing
and Construction, Human Rights Services, Law-Enforcement and Sports
to the region.
https://afrik-id.com/
About SADC (Southern Africa Development Community)
https://www.sadc.int
SADC SELECTED ECONOMIC AND SOCIAL INDICATORS, 2018
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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