25 Jan 2019 07:00
Catenae Innovation Plc: Agreement Signed
CATENAE INNOVATION PLC("Catenae" or the "Company")
Agreement Signed
Catenae (AIM:CTEA), the AIM quoted provider of digital media and technology announces it has signed its first agreement for OnSide within Premiership Rugby. It has entered into a proof of concept agreement with Harlequins Foundation (“Harlequins”) the independent charity created by Harlequins Rugby Club.
OnSide is a centralised management tool specifically developed for sports organisations. It deals with all the key elements of community coaching from scheduling of staff and timesheet processing through to attendee management and reporting in a GDPR compliant platform. The proof of concept will also review interaction between OnSide and Upshot, a synergeous performance management software solution developed by the Football Foundation.
It is anticipated that, on successful completion of the proof of concept, Harlequins will convert the programme to a commercial agreement. A further announcement will be made in due course.
Tony Sanders, CEO stated“We see this as a significant step for the OnSide product, which has traditionally been used in Football. This agreement is the first step in bringing OnSide into the Rugby arena and we are especially pleased to be working with an organisation of Harlequins standing and reputation. With ongoing conversations in progress with other rugby clubs we hope to announce further agreements in this area in the near future. Another important element of this agreement is the opportunity to work with Upshot, whose product is widely used across many sports, with the combined functionality of the two products providing a compelling solution for all sports clubs, potentially opening up additional markets for the solution.”
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 PlcTony Sanders | Tel: 020 7929 7826 |
| Cairn Financial Advisers LLP, Nominated AdviserLiam Murray / Jo Turner | Tel: 020 7213 0880 |
| Alexander David Securities Limited, BrokerDavid Scott / James Dewhurst | Tel: 020 7448 9820 |