Blackbird PLC Trading Update and Notice of Results (3944C)

TIDMBIRD

RNS Number : 3944C

Blackbird PLC

10 February 2020

10 February 2020

Blackbird plc

("Blackbird" or the "Company")

Trading Update and Notice of Results

Blackbird plc (AIM: BIRD), developer and seller of the patented market-leading cloud video editing platform Blackbird, is pleased to provide a trading update ahead of announcing its results for the year ended 31 December 2019.

Since the Company's interim results announcement, the Board is pleased to report that the Company is making good progress with the next stage of its growth strategy. Building on the back of the Company's high profile direct customer wins in 2019, Blackbird intends to attain global scale through multinational Original Equipment Manufacturers ("OEMs") and is currently in advanced discussions with a number of them. The Company will keep the market updated accordingly.

Since the start of the new year, management have attended a number of high-profile events and conferences in Europe and the US and will be attending the 2020 NAB Show in Las Vegas from 18 - 22 April. The Company plans to announce its results for the financial year ended 31 December 2019 on 27 April 2020.

Contacts

 
 
   Blackbird plc                                  Tel: +44 (0)20 
                                                  8879 7245 
 Ian McDonough, Chief Executive Officer 
 Stephen White, Chief Financial and Operating 
  Officer 
 
 Allenby Capital Limited (Nominated Adviser     Tel: +44 (0)20 
  and Broker)                                    3328 5656 
 Nick Naylor 
 Nicholas Chambers 
 

About Blackbird plc

Blackbird operates in the fast-growing SaaS and cloud video market and has created the world's most advanced suite of cloud-native computing applications for video, all underpinned by its lightning-fast codec. Blackbird's patented technology allows for frame accurate navigation, playback, viewing and editing in the cloud. Blackbird underpins multiple applications, which are used by rights holders, broadcasters, sports and news video specialists, esports, live events and content owners, post-production houses, other mass market digital video channels and corporations.

Since it is cloud-native, Blackbird removes the need for costly, high end workstations and can be used from almost anywhere on almost any device. It also allows full visibility on multi-location digital content, improves time to market for live content such as video clips and highlights for social media distribution, and ultimately results in much more effective monetisation.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

MSCEAKAXEFXEEFA

(END) Dow Jones Newswires

February 10, 2020 02:00 ET (07:00 GMT)