TIDMTRIT

RNS Number : 3265R

Trendit Limited

08 March 2016

8 March 2016

Trendit Limited

("Trendit" or "the Company")

Appointment of Executive Director

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, is pleased to announce the appointment of Lior Romano as Executive Director. Mr. Romano will also act as interim CEO until a permanent replacement is appointed. Mr. Romano is also CEO of Contacts+, a mobile applications developer which he founded in 2012.

Aharon Zohar, Chairman of Trendit, commented: "We are delighted that Mr. Romano has agreed to join Trendit and also assume the role of interim CEO. He is a talented entrepreneur who has had great success in the mobile application space. The Board believes the Company will benefit greatly from his expertise as it seeks to develop commercial ties in this area."

Lior Romano CV:

Professional Experience

Contacts+, Founder & CEO (2012-2016)

Contapps, Founder & CEO (2010-2012)

KK Aviation, VP Business Development (2007-2010)

Benefit Corporate Fitness, Founder (2006-2007)

KK Aviation, Project Manager (2002-2006)

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For more information:

 
 Peterhouse Corporate 
  Finance (Broker) 
  Charles Goodfellow           +44 20 7220 9791 
 Yellow Jersey (Financial 
  PR) 
  Charles Goodwin              +44 7747 788 221 
  Alistair Kare-Silver         +44 7738 076 304

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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March 08, 2016 02:02 ET (07:02 GMT)

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