Catenae Innovation PLC (LON:CTEA) Chief Executive Guy Meyer talks to Proactive London after announcing their 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. Meyer says it's a 'cookie cut model' and has 'real potential to scale'.
If 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.