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AMO Amino Technologies Plc

165.50
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Amino Technologies Plc LSE:AMO London Ordinary Share GB00B013SN63 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 165.50 163.00 168.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Amino Technologies PLC Com Net selects Amino's FUSION "IoT" solution

29/11/2016 9:00am

RNS Non-Regulatory


TIDMAMO

Amino Technologies PLC

29 November 2016

29 November 2016

Amino Technologies Plc

("Amino" or "the Company")

Com Net selects Amino's FUSION "IoT" solution for multi-operator rollout

Amino, leader in hybrid TV and cloud solutions, has secured a contract win with North American IPTV service provider Com Net Inc (CNI) to roll out Amino's FUSION "Internet of Things" (IoT) solution across CNI's network of over 20 locally-focused operators.

CNI was originally established as a collaboration between 17 independent local exchange companies (ILECs) in Ohio and has now grown its ownership base to 21 ILECs, one electrical cooperative and a number of others across the U.S..

CNI acts as both hosting and service provider via its fibre network underpinned by quality of service solutions and a commitment to delivering leading edge services to its partners and customers.

Initially, CNI will deploy FUSION to four operators including: Ottoville Mutual Telephone Company, Bascom Communications, Farmers Mutual Telephone Company and Sycamore Telephone Company, with plans to offer the service across its entire operator customer base immediately thereafter.

CNI now hosts FUSION Home Monitor, a simple, consumer self-install Wi-Fi device, which is a key element of the FUSION IoT platform, offering operators a revenue share model enabling them to effectively monetize the IoT platform with several flexible consumer subscription models.

CNI will also manage the accompanying cloud-based subscriber management system and operator-branded mobile and web applications for all the operators.

FUSION Home Monitor was designed by Amino from the ground up specifically for operators - providing a converged service application that is deeply integrated across mobile, broadband and TV services.

Amino CEO Donald McGarva said: "Locally-focused operators are some of the most innovative players in the market - taking a lead in areas like fiber-to-the-home and now home automation. CNI has a great reputation for quality of service and bringing new services to the market and we look forward to working closely with them on this new deployment."

CNI BOS General Manager Aaron Holtz added: "Our ability to provide the highest quality communication offering to local providers is found in the company's commitment to operate its network and service with integrity - and to be an early adopter of new and innovative voice, video and Internet access and data applications.

"We see growing demand for IoT solutions that are compelling in their simplicity but also have the operator tools to deploy quickly and manage effectively. FUSION offers this end-to-end capability and is highly attractive to operators seeking to access the high growth home management and monitoring market."

Ends

 
Amino Technologies PLC                                           +44 (0)1954 234100 
Donald McGarva, Chief Executive Officer 
Mark Carlisle, Chief Financial Officer 
 
finnCap Ltd (NOMAD and Joint Broker)                             +44 (0)20 7220 0500 
Matt Goode / Carl Holmes /Simon Hicks (Corporate Finance) 
 Simon Johnson (Corporate Broking) 
 
Canaccord Genuity Limited (Joint Broker and Financial Adviser)   +44 (0)20 7523 8000 
Simon Bridges / James Craven / Emma Gabriel 
 
FTI Consulting LLP (Financial PR)                                +44 (0)20 3727 1000 
Chris Lane / Alex Le May / Darius Alexander 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRAFEWFWAFMSELF

(END) Dow Jones Newswires

November 29, 2016 04:00 ET (09:00 GMT)

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