News

28 June 2018

Half Yearly Report

CATENAE INNOVATION PLC

("Catenae" or the "Company")

HALF YEARLY REPORT

Catenae Innovation Plc (“Catenae” or the “Company”), the AIM quoted (AIM: CTEA) provider of digital media and technology, announces its half yearly report for the six months ended 31 March 2018.

Highlights

• Change of name to Catenae Innovation Plc
• Strategy revised to focus on distributed ledger (DLT/MDL) and blockchain technology based services to the digital media and fintech markets
• Greatly reduced costs through streamlining and restructuring of the business
• Signed Joint Venture with Martin Heath to form Trust in Media
• Post period-end
  • Trust in Media signs first agreement for Fanbase service with its associated revenues
  • Memorandum of Understanding signed for the acquisition of Tribe of Noise
  • Trust in Media creates and launches first blockchain product to the music industry
  • Proof of concept agreement signed for Trust in Media’s blockchain solution
  • Proof of concept agreement signed by Aston Villa for OnsidePro
  • Revenues received from both new and legacy product areas

Tony Sanders, Chief Executive, said:

"The Group has been through a transformation both in terms of the Group’s management and also in its strategic focus. We have been working on streamlining the various business units and are pleased to be able to show these results through the 50% reduction in costs compared to the same period last year. The Group is now well positioned to focus on executing the new strategy, building revenues from the products and services now available to the Group, particularly those utilising blockchain technology in the digital media and fintech markets.”

THE FULL REPORT CAN BE FOUND HERE

For further information