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Catenae Innovation PLC expects to update on Cov-ID project next week as


Cov-ID is a GDPR compliant identity documentation exchange system that records an individual’s coronavirus test status through a mobile app

() said it is expecting to update the market in relation to a proof of concept for its Cov-ID project by June 19.

The digital media and tech firm is working in partnership with Newcastle Premier Health Ltd, an occupational health and wellness business, to develop Cov-ID, a GDPR compliant identity documentation exchange system that records an individual’s coronavirus test status through a mobile app that is intended to be marketed to businesses and organisations.

WATCH: Catenae Innovation’s Guy Meyer outlines agreement with Newcastle Premier Health for Cov-ID project

Catenae provided the update while noting a surge in its share price, adding that it is also in discussion with its broker regarding a possible fundraising, saying if it occurred it will be at a “significant discount to the current share price”.

Shares in Catenae were up 41.7% at 2.6p in late-afternoon trading on Thursday.

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