Cellular Goods PLC Change of name and Focus on AI Beauty Opportunity (3121Z)
11 Janeiro 2024 - 4:00AM
UK Regulatory
TIDMCBX
RNS Number : 3121Z
Cellular Goods PLC
11 January 2024
Press Release
11 January 2024
CELLULAR GOODS PLC
("Cellular Goods" or "the Company")
Change of name to Cel AI PLC and Focus on the AI Beauty
Opportunity
Cellular Goods Plc (LSE: CBX), a company specializing in
developing next-generation skincare and wellness products, is
pleased to announce that the Company is to change its name to Cel
AI PLC. The Company will also change its ticker symbol to "CLAI" to
reflect the change in name.
By leveraging the power of large language models, vision
capabilities and its hard fought experience of over three years in
the retail beauty industry, the Company intends to become the
premier AI recommendation agent for personalized skincare and
beauty routines. The Board of Directors believes that the Cel AI
name aligns with and better reflects the Company's intention to
build an active and engaged community of strategic brand
ambassadors and beauty experts who offer scalable beauty advice and
product recommendations that go well beyond the current Cel AI CBD
offerings.
The change of name will be effective once Companies House has
issued a certificate of incorporation on change of name and a
further announcement will be made when the name and ticker changes
are formally effective. Until such time, trading will continue
under the "CBX" stock ticker.
In addition, the Company's website address has changed to
www.getcel.ai
The Company's subsidiary, King Tide Carbon, is unaffected by the
above changes.
Michael Edwards, Executive Director of Cel AI commented: "The
change of name announced today further solidifies our strategic
shift in our operations to efficiency in all aspects of the
business, including streamlining all operations and focusing on
enterprise value increasing through an active and engaged community
built on cutting edge AI technology. The high end beauty buying
experience is ripe for disruption and it is very clear that our
prospects and customers want us to provide them with a full suite
of product recommendations and beauty ideas. We firmly believe that
Artificial Intelligence can play a major role in scaling this
recommendation engine.
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014, as retained as part of
the law of England and Wales. Upon the publication of this
announcement via the Regulatory Information Service, this inside
information is now considered to be in the public domain.
For further information please contact:
Cellular Goods
Michael Edwards via FSCF +44 7572 873 300
Director
--------------------------
First Sentinel Corporate Finance
(FSCF)
--------------------------
Investor Relations
Rebecca Noonan +44 7572 873 300
IR@cellular-goods.com
Media Relations
Rebecca Noonan +44 7572 873 300
Media@cellular-goods.com
Corporate Broker & Advisor
Brian Stockbridge +44 7858 888 007
--------------------------
Novum Securities
--------------------------
Corporate Broker
Colin Rowbury
Jon Belliss +44 207 399 9427
--------------------------
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END
CANMZGMMRGFGDZM
(END) Dow Jones Newswires
January 11, 2024 02:00 ET (07:00 GMT)
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