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AMO Amino Technologies Plc

165.50
0.00 (0.00%)
Last Updated: 01:00:00
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 GTD to deploy Amino ENABLE

03/07/2017 9:00am

RNS Non-Regulatory


TIDMAMO

Amino Technologies PLC

03 July 2017

3 July 2017

Amino Technologies plc

("Amino" or "the Company")

Amino ENABLE powers modernization of GTD TV offering

-- Virtual set-top box software preserves legacy investment - Amino ENABLE platform delivers crucial cost savings to Chilean telco GTD

-- ENABLE allows GTD to modernize to more cost-effective software driven offering by 'upcycling' legacy set-top boxes

-- Ensures unified UX for whole customer base by creating a common, integrated platform across all devices

-- GTD is the most recent TV operator to deploy Amino's ENABLE product to keep pace with consumer demands for a more modern viewing experience

Cambridge, UK, Monday 03 July 2017 - Amino Technologies plc (LSE AIM: AMO), the global provider of digital TV entertainment and cloud solutions to network operators, today announces that GTD, one of Chile's leading telecommunications companies, is the latest major TV operator to deploy Amino ENABLE, its virtual set-top box (STB) software platform. As a result, GTD is able to upgrade its STBs and provide a unified user interface across its customer base, while extending the lifespan of its legacy devices, resulting in significant cost savings for GTD.

GTD, having moved to an all Internet Protocol (IP) network, needed to adapt both its middleware and STB hardware platforms to take advantage of access to new network capabilities. With an extensive customer base still using legacy STBs, it was vital for GTD to not only extend the life of its existing hardware deployments, but also enhance its infrastructure by implementing a more stable middleware platform.

Amino worked closely with GTD to achieve this through ENABLE, upgrading and 'upcycling' the telecoms operator's legacy STBs while providing the means to bring in new Amino devices. Adopting ENABLE has allowed GTD to provide a consistent user experience across its entire subscriber base, while reducing capital expenditure and realizing major operational cost savings. As a result, the business now has the requisite tools and service offering to maximise customer retention and continue to generate more value from its capital investments.

Amino ENABLE empowers TV operators to migrate to an all IP/Cloud future. By upcycling existing set-top boxes and eliminating installation costs, the software platform has the potential to save TV operators across the world billions of dollars in capital expenditure.

ENABLE is tried and tested for over a decade as the software core for Amino VIEW - the world's most deployed IP STB - is now being deployed on third-party set-top box hardware platforms. ENABLE helps operators future-proof their offerings and deliver innovative, higher value services such as over-the-top (OTT), subscription video on demand (SVOD), multiscreen UX, UHD video and Android capabilities, along with updated and unified user interfaces.

Commenting on the deployment, Donald McGarva, Amino's CEO, said: "One of the biggest issues we are seeing for a number of our customers is the challenge they face in meeting the demand for a more modern TV experience whilst doing so cost-effectively. Currently operators face the obstacle of modernizing legacy STBs that are not compatible with new systems, and yet most are not in a position to be burdened by the heavy investment required for a costly hardware swap-out."

McGarva adds: "Amino ENABLE has empowered GTD to overcome this barrier, transforming its legacy base and future-proofing its entire service. We are now using ENABLE to do this for operators on a global scale."

Cristian Tobar, TV Technical Director at Grupo GTD, commented: "We know it is vital for GTD to keep up with customer demands for a modern user experience, but we need to do this in an efficient way that makes good financial sense. Amino ENABLE has allowed us to do just that, improving operational capabilities, reducing ongoing costs and helping us get the most from our existing capital investments."

Chilean telecoms operator GTD Manquehue, a subsidiary of the Grupo GTD, has a state-of-the-art fiber-optic network, over which it offers fixed-line and pay TV in and around the country's capital, Santiago. The company, which has earned a reputation for high quality service delivery across its 20,000km fibre network, also controls Telsur, covering Chile's southern region with IPTV, voice and internet services.

- ENDS -

For further information please contact:

 
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 / Tim Redfern (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 
 

About Amino Technologies plc

Amino Technologies plc specialises in the development and delivery of IPTV/OTT solutions. With over eight million devices sold to 1,000 customers in 100 countries, Amino's award-winning solutions are deployed by major network operators and service providers worldwide. Amino Technologies plc is headquartered near Cambridge, in the UK, and is listed on the AIM market of the London Stock Exchange (AIM: symbol AMO). www.aminocom.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRALLFSRDSIFIID

(END) Dow Jones Newswires

July 03, 2017 04:00 ET (08:00 GMT)

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