Amino Technologies PLC Board Change (0915M)

TIDMAMO

RNS Number : 0915M

Amino Technologies PLC

19 January 2021

19 January 2021

AMINO TECHNOLOGIES PLC

("Amino", the "Company" or the "Group")

Board Change

Amino Technologies plc (LSE AIM: AMO), a software-led global media technology company that delivers modern TV experiences, announces that Steve Oetegenn has been appointed as a Non-Executive Director of the Group, effective from today.

Steve Oetegenn is an industry leader in the online video, pay TV and digital security sectors, with over 30 years' experience, who brings deep expertise of the interplay between software and media. Across his career, Steve has worked with global pay TV providers, government agencies, global banks, Fortune 500 companies and Hollywood studios.

From 2014 to 2020 Steve was President of Verimatrix, a provider of revenue security solutions to the pay TV and on-line video industry. Under Steve's stewardship Verimatrix was acquired in 2019 for a total consideration of $145 million by Inside Secure. Steve's previous roles include COO of MediaSec Technologies LLC, a pioneer and leader in the field of digital watermarking, and COO of Argus Systems Group, a leading provider of Internet server security software. Steve was awarded the Lifetime Achievement Award at the 2020 annual VideoTech Innovation Awards program.

Steve Oetegenn , said:

"Amino Technologies is at a pivotal moment in its development as it pursues software-led growth to address the convergence of the Pay TV and streaming markets. Amino has an ambitious and innovative team with a great culture that I am excited to become a part of. I've seen the global Pay TV and streaming sector grow significantly during my years in the industry, and Amino is ideally placed to take advantage of the evolving market opportunity in front of it. I'm looking forward to joining the rest of the Board in accelerating Amino's growth and delivering on its strategy."

Karen Bach, Chair and Non-Executive Director of Amino Technologies plc, said:

"We're delighted to be welcoming someone as experienced in our sector as Steve to our Board. Steve is an experienced leader of the pay TV industry, with global expertise and extensive insight in delivering innovative software-led solutions in the sector. As Amino Technologies continues to grow, we will value having Steve's wealth of knowledge and keen instinct for innovation on our Board."

For further information please contact:

 
Amino Technologies PLC                                     [phone] 
Karen Bach, Chair 
 Donald McGarva, Chief Executive Officer 
 Mark Carlisle, Chief Financial Officer 
 
finnCap Ltd (NOMAD and Broker)                             [phone] 
Matt Goode / Simon Hicks (Corporate Finance) 
 Tim Redfern / Richard Chambers (Equity Capital Markets) 
 
FTI Consulting (Financial communications)                  [phone] 
Matt Dixon / Emma Hall / Chris Birt / Gregory Hynes 
 

About Amino Technologies plc

Amino Technologies plc is a software-led, global Media Technology company. We deliver modern TV experiences, the way viewers want them. We do this by creating the solutions that Pay-TV operators, broadcasters and content owners need to make it easy for people to connect to the TV and video they love.

Our end to end solutions, offer the best of both worlds: video on demand and live TV. By placing all TV and video streaming content in one place, Pay-TV operators, broadcasters and media owners can stay ahead of evolving viewer demand by providing smarter, more cost-effective ways of delivering modern TV and video experiences to consumers.

Amino Technologies plc has two operating companies: 24i, which focusses on streaming video experiences and Amino, which connects Pay-TV to streaming services. Our two complementary companies combine their products and services to create solutions which ensure that people can consume TV and video how and when they want it. Our solutions deliver modern TV and video experiences every day to millions of viewers globally, via our growing global customer base of over 500 service providers.

Amino Technologies plc is listed on the London Stock Exchange Alternative Investment Market (AIM: symbol AMO). Headquartered in Cambridge, UK, the company has over 300 staff located in offices in New York, Los Angeles, San Francisco, Amsterdam, Helsinki, Madrid, Porto, Brno and Hong Kong.

For more details, visit www.aminotechnologies.com

Additional information

The following information is being disclosed pursuant to Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies.

Steven Oetegenn, aged 65, has been a director or partner of the following companies or partnerships during the five years preceding the date of this announcement:

 
 Current directorships:   Past directorships (last five 
                           years) 
                          Verimatrix, Inc 
                           Verimatrix GmbH 
 

Save as set out above there are no further disclosures required pursuant to Rule 17 or Schedule Two, paragraph (g) of the AIM Rules for Companies.

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January 19, 2021 02:00 ET (07:00 GMT)