Klarian Update and Webinar
Catenai PLC has extended its unsecured convertible loan note facility with Klarian Ltd, with Klarian now due to repay £699,160 plus a 3% monthly fee on the outstanding balance by July 1, 2026, though full repayment is not guaranteed. Klarian is also undertaking a pilot project with an MOU partner to demonstrate its virtual sensor technology for offshore pipeline assets, and its commercial sales pipeline has grown to over £5 million. Catenai will host an investor webinar on June 5, 2026, to discuss these developments.
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Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and technology services, announces an update relating to Klarian Ltd ("Klarian"), a company to which Catenai provided a £450,000 unsecured convertible loan note facility ("CLN") as per the announcement of 25 April 2024.
Further to the announcements on 7 April 2025, 30 June 2025, 5 January 2026 and 20 April 2026, the Company has entered into a further extension agreement ("Extension Agreement") with Klarian. Under the terms of the Extension Agreement, Klarian will repay Catenai £699,160 due under the CLN and related fees as at 1 April 2026 (the "Repayment"), by 1 July 2026 (the "Repayment Date") together with an additional fee of 3% per month (or part thereof) which will accrue on the outstanding balance until repayment. There can be no certainty that Klarian will complete the Repayment in full by the Repayment Date, however; Klarian has confirmed it will endeavour to make an initial repayment on or before 1 July 2026.
Klarian has also informed Catenai that it has entered into a collaborative pilot project with an existing MOU partner that provides technology solutions to companies operating in the energy and natural resources sectors (the "Project"). The aim of the Project is to demonstrate the value of Klarian's physics-based virtual sensor technology for offshore pipeline assets, targeting select customers of the MOU partner that own or operate offshore production infrastructure, with the objective of integrating Klarian's virtual sensors (estimating pressure, temperature, flow and related variables) into a broader data ecosystem. As previously disclosed on 20 April 2026, Klarian has made significant advancements with its commercial sales pipeline, which now exceeds £5 million and is progressing discussions with investors.
To present further details and answer questions on Klarian's latest developments, the company will hold an investor webinar with Andrew Garner, Chairman of Klarian and Gary Chandler, Klarian's Chief Technology Officer, via the Investor Meet Company platform at 10.00 a.m. on 5 June 2026.
The presentation is open to all existing and potential investors. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9:00 a.m. the day before the meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet Catenai plc via: https://www.investormeetcompany.com/catenai-plc/register.
Investors who already follow Catenai plc on the Investor Meet Company platform will automatically be invited.
Caution regarding forward looking statements
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.