Patent Application
16/06/2022 07:00
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RNS Number : 0588P Tintra PLC 16 June 2022
16 June 2022
TINTRA PLC
("Tintra", the "Group" or the "Company")
Filing of UK Patent Application to Protect Web3 Intellectual Property
The board of directors (the "Board") of Tintra (https://tintra.com/) , the
rapidly innovating Bank Technology business, is pleased to announce that it
has filed a UK patent application to protect intellectual property that it has
created (the "Patent") as part of its rapid research and development program.
The Patent is numbered GB2208742.3 and will be viewable on the Intellectual
Property Office's website at https://www.ipo.gov.uk/p-pj
(https://www.ipo.gov.uk/p-pj) in due course.
The Company will be seeking international patent protection for the
verification and authentication of independent digital wallets, particularly,
the linking of regulated and unregulated digital wallets when there is
established common ownership and a desire to achieve rapid linking of those
different accounts supported across disparate platforms for inter-dependent
wallet operation, especially in the context of Web 3.0.
Richard Shearer, the Company's Chief Executive, said "This is another piece of
the puzzle as we endeavour to change the way that developed and emerging
economies transact with each other.
Today marks the end of a 90-Day internal project which we named Project
Revolution, the results of which have exceeded our expectations. The outputs
include strategic leaps forward across the Regulatory, Technology and
Operations Teams and have crystalised our mission in one place for the first
time. We expect to start publishing these results over the coming weeks.
In the current financial environment where investors will increasingly be
looking for tangible underlying assets, rather than pure speculative
investments, we are ensuring that our strategy is one that meets that market
shift. By developing proprietary technology and IP along with bank licences
across four jurisdictions we are building out a strategy that provides value
to our shareholders today and will further cement upward valuations as each
target is achieved.
The IP we are protecting under this Patent Application forms part of our
philosophy that legacy banking and Web 3.0 need not view each other as an
existential threat. This filing is expected to protect our innovations as we
seek to reach our goal of using Artificial Intelligence to make 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
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