Mirada PLC Update on izzi Telecom rollout (6760N)

TIDMMIRA

RNS Number : 6760N

Mirada PLC

28 October 2016

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR")

28 November 2016

Mirada plc

("Mirada" or the "Company")

Update on izzi Telecom rollout

Mirada plc (AIM: MIRA), a leading audio-visual content interaction specialist, is pleased to announce an update on its largest customer deployment.

Further to the trading update released on 12 October 2016, the rollout of the Iris product across izzi Telecom's full client base continues to progress well. Furthermore, the Company is pleased to announce that it has reached a milestone in this rollout with the successful installation of the first 500,000 set-top boxes using Mirada's software.

Mirada expects to provide further details within its half year results, which are expected to be released in the third week of November 2016.

Jose Luis Vazquez, Chief Executive Officer of Mirada, commented: "This milestone highlights the commercial success of Mirada's Iris platform following the successful launch of the deployment in Mexico on 4 July 2016. This demonstrates once more the superior technical and operational capabilities of our team and the commercial traction of our product."

Enquiries:

 
 
   Mirada plc                        [phone] 
   José Luis Vázquez,      [e-mail] 
   Chief Executive Officer 
 
   Newgate Communications            [phone] 
   Bob Huxford                       [e-mail] 
   Helena Bogle 
   Ed Treadwell 
 Allenby Capital Limited 
  (Nominated Adviser and 
  Broker) 
  Jeremy Porter / Alex Brearley 
  / Liz Kirchner (Corporate 
  Finance) 
  Graham Bell (Equity Sales)       [phone] 
 

About Mirada

Mirada is a leading provider of products and services for Digital TV Operators and Broadcasters. Founded in 2000 and led by non-executive Chairman Javier Casanueva and Group CEO José Luis Vázquez, the Company prides itself on having spent over 15 years as a pioneer in the Digital TV market. Mirada's core focus is on the ever-growing demand for 'TV Everywhere', for which it offers a complete suite of end-to-end modular products across multiple devices (STBs, PCs, smartphones and tablets), all with innovative state-of-the-art UI designs.

Mirada's products and solutions, acclaimed for unparalleled flexibility and optimal time to market, have been deployed by some of the biggest names in broadcasting including Telefonica, Sky, Virgin Media, BBC, ITV and most recently Televisa Group, the largest media company in the Spanish-speaking world. Headquartered in London, Mirada has commercial offices located across Europe, Latin America and Asia. For more information, visit www.mirada.tv.

This information is provided by RNS

The company news service from the London Stock Exchange

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October 28, 2016 02:00 ET (06:00 GMT)