REG-One Media iP Group Plc: Formation of TCAT Limited Subsidiary

One Media IPAnnouncement

09/11/2020 07:05

9 November 2020

One Media iP Group Plc

("One Media” or the "Company")

Formation of TCAT Limited Subsidiary

One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer,
publisher and distributor, announces that the Company has incorporated a new
subsidiary, TCAT Limited, and appointed an experienced management team for its
Technical Copyright Analysis Tool (“TCAT”).

TCAT is a ‘Software as a Service’ (SaaS) platform which was developed
in-house at One Media to detect copyright infringement within legitimate
digital music stores. The creation of the subsidiary is part of TCAT’s next
phase of development to become a leading anti-piracy service for the music
industry.

TCAT currently provides a range of services to two major record labels and the
world’s largest media distributor on a retained basis, and its services are
also used by organisations that represent the interests of the recording
industry worldwide. TCAT Limited is based in Belfast, a leading technology hub
with a large pool of highly qualified employees. TCAT is eligible for
government (financial) support from (the regional development agency) Invest
Northern Ireland.

To enhance and scale TCAT for wider use across the industry and other markets,
the Company has appointed an accomplished management team to operate the
subsidiary, led by Dr Ed Vernon OBE, Strategic Adviser to BT Ireland, a
Foundation Board Trustee of Queen’s University, a Belfast Harbour
Commissioner, and adviser to a number of technology businesses. Ed will be
appointed Non-executive Chairman and holds 8% of shares in TCAT Limited under
a JV deal.

Ed will be joined on the Board of TCAT Limited by Robin Abeyesinhe as Chief
Financial Officer and Chief Operating Officer, who has over 30 years’ public
and private European finance experience.

Michael Infante, Chief Executive Officer of One Media iP, and Alice Dyson
Jones, Chief Operating Officer of One Media iP and Director of the British
Phonographic Industry (BPI), will also join TCAT Limited’s Board.

Dr Benoit Hudza, who currently leads a team of engineers, data scientists and
researchers to bring Artificial Intelligence to cloud operations, has been
appointed as an adviser to the Board of TCAT Limited. 

The senior management team will consist of:

·       Gareth Waller as Chief Technology Officer. Gareth has
significant experience developing highly scalable customer engagement
platforms for the retail sector.

·       Kevin King is based in New York USA (the focus of TCAT’s
client list) and as Head of International Sales will lead the sales initiative
for TCAT. His experience in all social music destinations and his previous
work with major record labels, digital distributors and leading digital
streaming sites is important to the marketing of the service. 

·       Dr Giuseppe Malavolta, Dr Mahroo Rockni and Mr Philip Miles,
all highly experienced software developers who have been integral to TCAT’s
development to date, will also take up positions in TCAT Limited.

The team, now consisting of a number of Big Data technology industry
professionals, will be expanded in due course to provide the expertise
required to grow the platform and develop new initiatives and tools in music
anti-piracy, digital music fingerprinting and music data analysis.

Michael Infante, Chief Executive Officer of One Media iP, commented: “After
four years of developing and growing TCAT’s capabilities in-house, the Board
has identified the need for TCAT to operate as an independent entity within
the Group in order to realise its full potential.

“With a number of  major  record labels already subscribing to TCAT’s
services on a retained basis, we are confident that, with the provision of
additional resource and technical expertise to expand the software’s
capabilities and usages, there is significant opportunity to gain new 
traction  within the industry.  Our intention is for TCAT to become a
mobile anti-piracy and audit tool for composers and artists as we build the
portal to allow for future application access.

“Under the direction of a highly experienced and motivated management team,
the Board has every confidence in TCAT’s growth trajectory as it enters the
next phase of its development. We look forward to providing further updates in
due course.” 

-Ends-

 One Media iP Group Plc Michael Infante - CEO Claire Blunt – Chairman                         +44 (0)175 378 5500  +44 (0)175 378 5501 
 Cairn Financial Advisers LLP (Nominated Adviser) Liam Murray Jo Turner Ludovico Lazzaretti                        +44 (0)20 7213 0880 
 Cenkos Securities plc (Broker) Max Hartley Max Gould Michael Johnson (Sales)                                      +44 (0)20 7397 8900 
 Yellow Jersey PR (PR & IR) Charles Goodwin Annabel Atkins                                   +44 (0)20 3004 9512                       

About One Media iP Group Plc

One Media is a digital music rights acquirer, publisher and distributor. The
Group specialises in purchasing and monetising intellectual property rights
with proven, repeat income streams. One Media adds value to its content by
maximising its availability in over 600 digital stores globally, including
Apple Music, YouTube, Amazon and Spotify.

One Media’s music is also widely used for synchronisation in film, TV and
digital gaming whilst its video content is primarily viewed on YouTube where
One Media operates over 20 YouTube channels as a certified partner.

One Media is listed on the London Stock Exchange on the AIM index, under the
symbol ‘OMIP’.

For further information, please visit www.omip.co.uk and www.tcat.media

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identified 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 reflect
the Directors' current beliefs and assumptions and are based on information
currently available to the Directors.



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