Home » Posts tagged 'trust in media'
Tag Archives: trust in media
Catenae Innovation #CTEA – AVFC & Sequestrum proof of concept exercises progress toward signed agreements + Positive findings from Trust in Media trial
Catenae (AIM:CTEA), the AIM quoted provider of digital media and technology, is pleased to provide an update regarding:-
- Successful completion of proof of concept exercise with Aston Villa Football Club for the Company’s OnSide solution announced on 20 June 2018 leading to commercial negotiations;
- Successful completion of proof of concept exercise with provider of building management and inspection services as announced on 5 July 2018 also leading to commercial negotiations; and
- Positive findings from the on-going trial of Trust in Media’s Digital Image Library
Aston Villa Football Club
Catenae is pleased to announce that the proof of concept exercise with Aston Villa Football Club (“AVFC”) has completed successfully.
AVFC and the Company have now commenced commercial negotiations with a view to the OnSide product being fully integrated within AVFC’s operations in the near future.
Sequestrum
Catenae’s Mobile Business Solutions division, which operates remote workforce management tools, has successfully completed a proof of concept exercise with a provider of building management and inspection services. This proof of concept involved the use of Catenae’s digital repository solution, Sequestrum, which utilises distributed ledger technology (“DLT” also known as Blockchain) to record inspection reports in an immutable manner.
The companies have now engaged in commercial discussions regarding the long-term use of Sequestrum.
As a result of this proof of concept exercise, the client has requested Catenae expand the project to include the creation of the mobile application and management dashboard that will form the basis of their product offering.
We expect to make further announcements on the above commercial agreements in the near future.
Trust in Media – Digital Image library
Catenae’s subsidiary, Trust in Media is pleased to confirm the proof of concept project with a service provider in the Image Licensing sector to trial the embedding of the Digital Asset Registration and Transactional Tracking technology within the provider’s operations also announced on 5 July 2018 continues to plan, following initial positive findings.
Tony Sanders, CEO, commented:
“It is always good when a plan comes together and seeing our products being trialled in earnest and to not only pass with flying colours but provide realistic opportunities of signed agreements confirms the strategy. Particularly with regards to our DLT application Sequestrum, this being the first real world use of this innovative service. We look forward to announcing signed agreements in due course”
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
Catenae Innovation #CTEA: The Universal Blockchain Application – Zak Mir, Financial Journalist
Of late, the technology space has been characterised by the rise and rise of the so-called FAANGS (Facebook, Apple, Amazon, Netflix and Alphabet’s Google). Even taking into account the recent Facebook blip, which has seen the stock fall back to March 18 levels, the overall trend remains higher. These stocks epitomise how the development of a technological breakthrough, whether large (Google Search) or small (Twitter’s 280 characters) can create companies worth billions.
Sadly, very few technology giants to date have originated in the UK, but even so the search for the UK Unicorn continues.
Catenae’s Investment Proposition: World Beating Blockchain Technology In A £2M AIM Listed Company
The relentless growth of Blockchain technology is well documented, but among the companies developing the technology, several of the global leaders are based here in the UK. Catenae Innovation is one such company: in the space of just a few months following a change in name from Milestone Group, it has developed a unique Blockchain application which can be used across multiple sectors from music to image licensing and governance. Following exhaustive back testing procedures, Catenae’s “super-fast” Blockchain technology has been independently validated at 300k transactions/second, creating a unique and highly valuable IP. This stands wholly at odds with Catenae’s current market capitalisation of just £2m.
Post Hype?
From an investment standpoint, a tried and tested strategy for generating investor interest and rallying share prices is to put money into and around the latest tech and market buzzwords. The past 15- 20 years has seen anything with “China” and “Dotcom” generate arguably disproportionate levels of interest, while today “blockchain” and “cloud” are the buzzwords of the moment. By definition only a few of companies incorporating “blockchain” into the offering will go on and deliver a product that is both disruptive and works as it should. Catenae Innovation has already proved to be one such company.
A Long Standing Data Need
For years, business and finance has striven to create immutable records of data, identity and activity. In the digital age, accurate and secure data is everything, and although Blockchain, otherwise known as distributed ledger technology has been around for over 20 years, its time, relevance and application has finally arrived.
In the space of music and image licensing, Catenae’s proprietary technology is already at the forefront and providing solutions via with its “super-fast” blockchain offering.
Catenae’s Commercial Solutions Portfolio:
Positioning itself as a B2B solutions integrator with sector specific subsidiaries, Catenae also has both the product set and technical resource to deliver this Blockchain platform as a universal utility.
In addition to providing the technology to 3rdparty organisations either as a licensable product or as a consultative-based solution, Catenae’s offering is also being championed within its own media business Trust in Media, a joint venture with music mogul Martin Heath, who better than anyone understands the challenges presented by the industry. With a focus on royalties and copyright, the solution will also form part of a portfolio of Fintech products for KYC and AML applications, along with payment systems and pre-paid cards.
Zak Mir, Financial Journalist
ShareProphets – Catenae Innovation #CTEA proof-of-concept agreements & management appointments all good – BUY
Catenae Innovation (CTEA) has updated including proof-of-concept agreements for its Trust in Media joint venture and its ‘OnSide Pro’ solution and management appointments…
The former is with “a leading provider of rights included music”, with the Digital Asset Registration and Transactional Tracking system – the first phase of a distributed ledger-based (DLT/Blockchain) application development – having been successfully demonstrated at B2B music event, MIDEM. There is then also an agreement with Aston Villa FC for OnSide Pro – which is to be used to manage a number of coaching sessions and community engagements.
There are no financial indicators provided, but these follow a recent “first agreement for the provision of Trust in Media’s Fanbase service to one of the UK’s largest entertainment promoters representing some major names in the music industry” and further help confidence in annual pre and post tax profits of several hundred thousand pounds by as soon as next year we suggested possible in our March share tip.
This is further the case with Tony Sanders now confirmed as permanent CEO and experienced technologist (including being the Technical Delivery Manager for BBC’s iPlayer project), Alan Simpson, joining as Chief Technology Officer.
The shares have slipped back since we last updated and there remains clear turnaround risk. However, we also reiterate that there looks some exciting potential from the current sub £3 million market cap – both speculatively (e.g. the shares have previously touched 0.7p+ on a blockchain spike) and more fundamentally (the profit potential from sound businesses in growth areas). As such, at 0.15p or better – and looking to sell at comfortably above 0.2p – the stance remains buy.
View the article at ShareProphets website here
Catenae Innovation #CTEA – Trust in Media signs Proof of Concept Agreement, Aston Villa FC signs Proof of Concept Agreement & Alan Simpson appointed as CTO
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 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 Tony Sanders |
Tel: 020 7929 7826 |
| Cairn Financial Advisers LLP, Nominated Adviser Liam Murray / Jo Turner |
Tel: 020 7213 0880 |
| Cornhill Capital, Broker Daniel Gee |
Tel: 020 3700 2500 |
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
Catenae Innovation #CTEA – MoU signed with Tribe of Noise
Catenae (AIM:CTEA), the AIM quoted provider of digital media and technology, announces that it has signed a Memorandum of Understanding with Tribe of Noise BV subject to completion of normal legal, accounting and commercial due diligence. The Company proposes to acquire a circa 51% interest in ToN for a consideration of Euro600,000, which would be satisfied by a mixture shares and cash.
Award winning music company Tribe of Noise (www.tribeofnoise.com) is a leading provider of quality, direct licensed music and fair remuneration models for a growing community of 30,000 musicians globally. Successful revenue models include ToN’s streaming music services for businesses in retail, hospitality and leisure. A billion dollar industry overlooked by many consumer-centric music services.
ToN’s product offering is complimentary to those offered by Trust in Media the Company’s joint venture announced in March 2018 and provides a ready built audience and cross-selling opportunities for both entities. This proposed acquisition further underlines the Company’s strategy to build a portfolio of synergeous businesses.
Further announcements will be made in due course.
Tony Sanders CEO of Catenae commented: “We are pleased to have come to this agreement with Hessel van Oorschot and the team at Tribe of Noise to join the Catenae group of companies, further augmenting our digital media service provision. In addition to providing a successful partner for independent musicians, ToN is known in Europe for its extensive legal knowledge of innovative, open licensing models. Together with Creative Commons, Getty Images, Sonos, IBM Watson and many other thought leaders Tribe of Noise is turning the popular “fair pay for play” idea in the music industry into reality. Their lack of presence in the UK market provides a massive opportunity to build on their existing revenues.”
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 Tony Sanders |
Tel: 020 7929 7826 |
| Cairn Financial Advisers LLP, Nominated Adviser Liam Murray / Jo Turner |
Tel: 020 7213 0880 |
| Cornhill Capital, Broker Dan Gee |
Tel: 020 3700 2500 |