9 August 2021
Catenae Innovation PLC
("Catenae", the "Company" or the "Group")
Data Visualisation Order from SaxaVord UK Space Port
Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, announces that it has received an order from Shetland Space Centre Limited ("SaxaVord"), a satellite launch site and ground station in Unst, Shetland, which is being renamed SaxaVord UK Space Port.
The order covers Phase One 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. Catenae will capture and aggregate data from multiple sources including NASA, the European Space Agency and SaxaVord's own systems. Utilising Catenae's data visualisation services, users will be presented with a series of interactive dashboards which will enable SaxaVord to measure and monitor the performance of their ground station equipment and the satellites they connect with.
In addition to the satellite ground station which is already in operation, SaxaVord plans to build and operate a satellite launch site in Shetland, following a report commissioned by the UK Space Agency that identified Unst as the most suitable location in the country for the development of a satellite launch site. SaxaVord is working closely with the local community and planning authorities on next steps.
The project came about by an introduction from Okullo plc where Guy Meyer is a director and shareholder. Guy also has a small shareholding in SaxaVord. Albeit the revenues created from the order are not significant, the Company is pleased to be working with SaxaVord on this exciting project.
Guy Meyer, Chief Executive Officer of Catenae, said: "We are delighted to have received this order from SaxaVord and to be at the forefront of supporting the UK Space industry. The order affirms the Company's strategic approach to the development of our technology portfolio, to ensure that it is fit for purpose not just for COVID-19 and other health-related solutions, but also for deployment across multiple sectors.
"We look forward to keeping the market updated on our progress."
Frank Strang, Chief Executive Officer of SaxaVord, said: "We are pleased to have begun working with Guy and his team on developing bespoke technology solutions to allow us to better monitor low earth orbiting satellites from our location in Unst as we build the UK's leading vertical launch spaceport. We look forward to developing the partnership in the months and years ahead."
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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:
| Catenae Innovation PLC | +44 (0)191 580 8545 |
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| Guy Meyer, Chief Executive Officer | |
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| Cairn Financial Advisers LLP (Nominated Adviser) | +44(0)20 7213 0880 | ||
| Liam Murray / Jo Turner | | ||
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| Brandon Hill Capital Limited, Broker | +44 (0)20 3463 5000 | ||
| Andy Gutmann |
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| Yellow Jersey PR (PR & IR) | +44 (0)20 3004 9512 | ||
| Sarah Hollins / Annabel Atkins / Matthew McHale | | ||
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Notes to Editors:
About Catenae Innovation PLC
Catenae Innovation (AIM: CTEA) is a provider of digital media and technology services focussing on the critical infrastructure, healthcare, and space sectors amongst others. It specialises in the management and visualisation of data using the power of blockchain to deliver solutions. Catenae's people-centric technology enables trust and certainty, allowing organisations to gain better visibility and control over their operations.
About SaxaVord UK Space Port
Shetland Space Centre (currently being re-branded SaxaVord UK Space Port) , is an organisation that plans to build and operate a satellite launch site and ground station in Unst, Shetland, the UK's most northerly island. Its first antenna was brought into service on 7th July 2021. Its aim is to have a fully functioning satellite launch facility in place by late 2021, with logistical support allowing commercial and military clients to operate from Unst.
Paul Riddell, Head of Communications at SaxaVord: paul.riddell@shetlandspacecentre.com
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