Catenae Innovation PLC Trading Update (6088Q)
22 February 2023 - 1:11AM
UK Regulatory
TIDMCTEA
RNS Number : 6088Q
Catenae Innovation PLC
21 February 2023
21 February 2023
Catenae Innovation PLC
("Catenae", the "Company" or the "Group")
Trading update
Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of
digital media and technology, provides the following trading
update.
Trading update
On 9 August 2021, the Company announced that it had received an
order from Shetland Space Centre Limited ("SaxaVord"), a satellite
launch site and ground station in Unst, Shetland, as part of a
three phase project to deliver a digital dashboard solution to
enable SaxaVord to monitor live satellite operations remotely from
anywhere in the world.
On 30 May 2022, the next phase was announced and the Company
received a purchase order for GBP95,000. The first half of the
payment in relation to the order was received in July 2022. The
whole contract was fulfilled in December 2022 and the Company
subsequently received the contract balance payment in February 2023
which has been recognised as revenue in the second half of the
prior financial year, as previously anticipated in the announcement
of 30 September 2022.
Guy Meyer, Chief Executive Officer of Catenae, said:
"I am pleased that the Company successfully delivered this
technology contract to SaxaVord, who are one of the UK's leaders in
the race to launch satellites into space. The project involves
developing bespoke technology solutions to allow SaxaVord to better
monitor low earth orbiting satellites from their location in Unst .
"
" We look forward to keeping the market updated with any future
news."
This announcement contains inside information for the purposes
of the UK Market Abuse Regulation. The person who arranged for
release of this announcement on behalf of the Company was Guy
Meyer, Chief Executive Officer of the Company and the Directors of
the Company are responsible for the release of this
announcement.
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 7186
Shard Capital Partners LLP (Broker) 9952
Damon Heath
+44 (0)20 3004
Yellow Jersey PR (PR & IR) 9512
Sarah Hollins
Notes to Editors:
About Catenae Innovation PLC
Catenae Innovation is an AIM quoted provider of digital media
and technology services. The Company specialises in Distributed
Ledger Technology solutions that solve commercial challenges and
create opportunities for its clients. The Company has an
experienced IT team of project managers and integrators who have
deployed systems across corporate, government and educational
sectors.
www.catenaeinnovation.com
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed
to be, forward looking statements. Forward looking statements are
identi ed by their use of terms and phrases such as "believe",
"could", "should" "envisage", "estimate", "intend", "may", "plan",
"potentially", "expect", "will" or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements re ect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.
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END
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