Trendit Limited Directorate Change (7120V)

TIDMTRIT

RNS Number : 7120V

Trendit Limited

20 April 2016

Trendit Limited

("Trendit" or "the Company")

Directorate Changes

The Board of Directors (the "Board") of Trendit Ltd., the provider of cutting-edge technology for real-time monitoring of population movement, trend analytics, and crowd behavior, hereby announce that Ms. Yael Mittelman, an External Director to the Company, has notified the Board of her resignation from her role as External Director of the Company's Board of Directors. Due to additional professional responsibilities which are time consuming, Ms. Mittelman believes she will not be able to allocate sufficient time for her position as a Director of the Company.

Enquiries:

 
 Peterhouse Corporate Finance 
  (Broker) 
  Charles Goodfellow               +44 20 7220 9791 
 Yellow Jersey (Financial 
  PR) 
  Charles Goodwin                  +44 7747 788 221 
  Alistair Kare-Silver             +44 7825 916 715

About Trendit:

Trendit provides cutting-edge technology for real-time monitoring of population movement, trend analytics, and crowd behaviour. Trendit's technology has the ability to analyse data collected from as little as a single data source, and merge individual network events together with geographical information that create "population clouds," which analyse and predict trends.

The Company is seeking to become a global player within the Big Data Analytics space and believes it is well placed to capture significant market share in what is a multi-billion dollar industry.

The Company's Technology:

Trendit's technology has the ability to analyse data collected from as little as a single data source, and merge individual network events together with geographical information that create "population clouds," which analyse and predict trends.

The single data source, able to sample as little as only 15% of the population (e.g. cellular operator with only 15% market share) in a specific geographic area, can provide sufficient information for representing crowd behaviour of an entire population with about 85% accuracy, calculating how many people are located in a given area and groups people by various segments (social economic, place of origin, etc.).

The heart of the Trendit technology is the "Trend Engine." Divided into several modules it is responsible for processing the incoming data streams, calculating the incoming data, providing a depiction of the data in real-world terms and providing an estimation of the population based on the analysis.

Further information on the Group is available at:

http://www.trendit.net/#/home/home

This information is provided by RNS

The company news service from the London Stock Exchange

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April 20, 2016 02:00 ET (06:00 GMT)

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