UK-Regulatory: MoU with UMT United Mobility

MoU with UMT United Mobility

Wed, 08 Nov 2017 07:00:00
UK-Regulatory: MoU with UMT United Mobility

8th November 2017 
 
                           COINSILIUM GROUP LIMITED 
                        ("Coinsilium" or the "Company") 
 
           Coinsilium signs Memorandum of Understanding ("MoU") with 
 
                       UMT United Mobility Technology AG 
 
Coinsilium Group Limited (NEX:COIN), the blockchain venture builder and 
investor that finances and manages the development of early-stage blockchain 
technology companies, is pleased to announce that it has signed a Memorandum of 
Understanding with UMT United Mobility Technology AG ("UMT"), a German company 
listed on XETRA, a trading venue operated by the Frankfurt Stock Exchange, and 
specialised in the development and implementation of individual mobile payment 
and blockchain solutions for large-scale customers such as PAYBACK (American 
Express Group). 
 
Highlights: 
 
  * MoU signed with mobile payments specialist, UMT United Mobility Technology 
    AG; 
 
  * Coinsilium and UMT to collaborate in the development of blockchain 
    technology for mobile payments services focused on the B2C market; 
  * Explore the use of digital tokens as a medium of exchange for mobile 
    payments; and 
  * Targets commercial agreement with UMT. 
 
Under the MoU agreement, Coinsilium will, for a period of 3 months, work with 
UMT to explore the potential to develop a B2C solution for a blockchain-based 
digital token to function as a medium of exchange specifically focused on 
mobile payments. Both parties believe there are a number of opportunities to 
explore the development of blockchain technology solutions for mobile payment 
services and in the structuring of digital token offerings. 
 
Coinsilium will also aid UMT in evaluating and determining the economic 
characteristics, token models and other specific properties required for a 
potential token sale. 
 
Eddy Travia, Coinsilium's CEO commented:  "We are delighted to announce this 
MoU with UMT AG and we look forward to working with them in establishing the 
terms for a mutually beneficial commercial agreement in the near term. UMT is a 
major player in the European mobile payments arena with partnerships with major 
names such as PAYBACK (American Express Group). 
 
"Our combined experience in the blockchain space makes us well placed to create 
innovative, reliable and safe solutions for the mobile payments industry.  Our 
advisory team's expertise, gained over many years, is pivotal to attracting and 
securing collaborations with quality partners such as, UMT." 
 
UMT has also advised Coinsilium that it currently holds 3,288,000 shares in 
Coinsilium Group Limited (NEX: COIN) representing 3.04% of the issued share 
capital of the Company, excluding treasury shares. 
 
The Directors of Coinsilium Group Limited take responsibility for this 
announcement. 
 
 For further information, please contact: 
 
Eddy Travia, 
CEO 
+44 (0) 20 3889 4312 
 
Coinsilium Group Limited 
 
Malcolm Palle, Executive Chairman          +44 (0) 7785 381089 
 
Coinsilium Group Limited 
 
Harry Chathli / Ana Ribeiro / Alexis Gore      +44 (0) 207 618 9100 
 
Luther Pendragon Ltd 
 
(Media Relations) 
 
Guy Miller / Mark 
Anwyl                                                                    +44 
(0) 207 469 0930 
 
Peterhouse Corporate Finance Limited 
 
(NEX Exchange Corporate Adviser) 
 
Nick Emerson           +44 (0) 1483 413 500 
 
SI Capital Limited (Broker) 
 
Notes to Editor 
 
About Coinsilium 
 
Coinsilium is a blockchain venture builder and investor that finances and 
manages the development of early-stage blockchain technology companies. It does 
this through its consortium of top-tier investors, industry thought leaders and 
executive managers.  Based in London, Coinsilium's focus is on driving 
innovation in fintech and blockchain technologies, enabling businesses to take 
advantage of growth opportunities. 
 
Coinsilium shares are traded on NEX Exchange Growth Market, the primary market 
for unlisted securities operated by NEX Exchange, a Recognised Investment 
Exchange under the Financial Services and Markets Act 2000. 
 
For further information about Coinsilium please visit http://www.coinsilium.com 
 
About UMT 
 
UMT United Mobility Technology AG is a German public company listed on XETRA, a 
trading venue operated by the Frankfurt Stock Exchange, and specialized in the 
development and implementation of individual mobile payment and blockchain 
solutions for large-scale customers such as PAYBACK (American Express Group). 
As a white-label technology provider UMT has developed one of the largest 
mobile payment platforms in Europe operating between parties such as large 
retail chains, banks, bonus program providers and end-users. Their technology 
is currently live in over 13,650 stores and 66,500 cash desks. In Germany, 13 
million users are able to benefit from UMT's mobile payment technology. In 
addition, UMT provides its customers loyalty programs and Smart Data services 
along the entire value chain. http://www.umt.ag/en/ 
 
 
 
END