The cloud-based platform and mobile app has been developed by subsidiary Hyperneph
Catenae Innovation PLC () announced that its subsidiary Hyperneph has developed a cloud-based platform and mobile app now used by a charity working with public sector organisations.
The agreement is for a period of up to 12 months and is currently on trial in a major UK city.
READ: Catenae renews focus on non-COVID opportunities in second half of current year
The charity is using it to introduce an individual to a service provider and track the progress of their initial engagement, in respect of privacy regulation.
The initial contract value is £12,500 which has already been paid.
If the project is successful it could be rolled out on a wider scale across the UK, with the potential to generate recurring income for Catenae, which owns 51% of Hyperneph.
“Hyperneph’s involvement in this pilot programme is showcasing the sophistication of the Group’s technology and its potential application across a wide range of industries as we diversify away from Covid-related activities to provide digital transformation services and products to a wide range of sectors,” said Catenae’s chief executive Guy Meyer.
“Although we are unable to disclose further specific details of this pilot due to its confidential nature, there is potential for substantive revenue generation for Catenae given that there are sixty-eight Metropolitan boroughs in England alone and this service is designed to operate on a borough-by-borough basis.”
Shares rose 3% to 0.98p on Wednesday morning.