Appointment of Chief Science Officer
27/06/2022 07:00
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RNS Number : 2594Q Tintra PLC 27 June 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
27 June 2022
TINTRA PLC
("Tintra", the "Group" or the "Company")
Appointment of Chief Science Officer
The board of directors (the "Board") of Tintra, the rapidly innovating Banking
& Technology business, is pleased to announce the
appointment yesterday of Dr Joe Lyske as Chief Science Officer ("CSO") and a
Director of the Company as the Group continues to execute its plan to build
global banking infrastructure driven by Artificial Intelligence and Natural
Language Processing tools.
Dr Lyske is a co-founder of Time Machine Capital 2 Limited, the Company's
joint venture partner in Tintra 3.0. It is through this relationship that he
first joined the Group's activities as part of the Tintra 3.0 Ltd team, the
artificial intelligence ("AI") joint venture announced on 24 November 2021,
where he made a considerable contribution to the patent application announced
on 16 June 2022.
Dr Lyske was until recently CTO of Triller, a US based video-sharing social
networking app, as well as CEO and Co-founder of Mashtraxx.
He has invented and patented several creative AI core technologies one of
which resulting in the world's first AI engine that atomises, re-constructs
and edits any music to video, instantly.
Dr Lyske holds a PhD in Artificial Intelligence from Queen Mary, University of
London, and an Advanced Masters in Composition for Screen from the Royal
College of Music. In addition to his achievements in the technology space, he
has pursued successful careers in both academia and music.
Dr Lyske said, "I am very pleased to be taking this step with Tintra as we
continue to focus on building technology that enacts real change.
Tintra's mission of building a banking platform that sees the world as it is
rather than through a distorted lens is the right mission at the right time in
my view. I have seen first-hand these preconceptions written in the very code
of historical banking infrastructure. I look forward to being involved with
a project that does not hide behind phrases like 'legacy infrastructure' as an
excuse for domestic protectionism.
Just as institutionalised prejudices in an organisation can only be changed if
the culture of the organisation is changed technologically architectured
preconceptions can only change if we embrace new technologies, and stop hiding
behind the word "legacy", as if it is an adequate excuse for a technological
bigotry that causes real human discrimination and harm.
Using weighted averages to blanket-analyse whole countries' populations and
businesses is a lazy way to assess risk, and we as a society can and should do
better.
Tintra's goal of doing that is one that I am passionate about. I look forward
to building the technology to allow this to happen."
Richard Shearer, Tintra's CEO, said, "Using technology to create a better
future is something that has become a familiar retort across the world and is
a goal that should be encouraged. However, some sectors have had more success
than others in achieving this goal.
In financial services, actually effecting positive change is perhaps harder
than in any other verticals. So it is not to our competitors' detriment that
true emerging market fiscal inclusion is still something that is little more
than a notion. It's a big challenge that requires new thinking.
As a company we are closer than most to what the challenges are in these
markets and what needs to be achieved to create this level fiscal playing
field. Having this pursuit as our North Star is one thing but it requires a
team of people across a range of disciplines to make it work.
Throughout this year, we have therefore built a team of great minds across a
range of disciplines, from technologists, to futurists, geopoliticians,
ethnographers, regulatory specialists, and beyond. All of whom share our
vision to create true fiscal inclusion across emerging markets, unencumbered
by legacy thinking.
We will only do good for people once we have built the infrastructure that
will make this change.
To this end, welcoming Dr Lyske to our board is a major step toward delivering
on our vision. Joe shares my passion about building a multi-billion-dollar
business over the next few years - but that sits secondary to the goal of
creating a business that creates true fiscal inclusion across the world.
Joe has invented dozens of AI processes and technologies across a range of
disciplines and his leadership abilities have become evident through our work
together over the past six months or so. Perhaps equally important, Joe has
recently served as CTO of a company that scaled from a few dozen to many
hundreds in a very short period of time, something that we are looking to
replicate over the coming 12-18 months.
I am delighted to welcome Joe to the board today, and I look forward to
working with him as we create Artificial Intelligence to enact Real
Change™."
For further information, contact:
Tintra PLC 020 3795 0421
(Communications Head)
Hannah Haffield
h.haffield@tintra.com
Website www.tintra.com
Allenby Capital Limited 020 3328 5656
(Nomad, Financial Adviser & Broker)
John Depasquale / Nick Harriss / Vivek Bhardwaj
Regulatory disclosures
In accordance with Schedule 2(g) of the AIM Rules, Dr Joseph Michael William
Lyske, known as ''Joe'', (previous surname, "Molloy" as a child) (aged 47)
holds, or has held in the past 5 years, the following directorships and
partnerships:
Current Past five years
Dacci Ltd Eevsy Ltd
Dormantai Ltd Time Machine AI LLP
(LLP designated member)
Mashtraxx Limited
Mashtraxx (Triller Holding) Limited *
Time Machine Capital Limited *
Time Machine Capital Squared LLP
(LLP designated member)
(* Currently subject to solvent
Members' Voluntary Liquidation)
Dr Lyske holds 18,500 ordinary shares of 1 pence each in the capital of the
Company ("Ordinary Shares") (equivalent to 0.12% of the issued ordinary share
capital). In addition, he is a founder and person of significant control,
but not a director, of Time Machine Capital 2 Limited, which holds 636,475
Ordinary Shares (equivalent to 4.29% of the issued ordinary share capital)
and 636,475 warrants (full details as announced 24 November 2021).
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