Forbidden Technologies PLC Forscene and Deltatre (7515G)

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RNS Number : 7515G

Forbidden Technologies PLC

01 June 2017

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR")

1 June 2017

Forbidden Technologies plc

("Forbidden" or the "Company")

Forscene and Deltatre

Forbidden Technologies plc (AIM: FBT) is pleased to announce that it has signed an extendable two year contract with Deltatre for one of its clients. This contract is worth in excess of GBP100,000 spread over a two year period.

Deltatre, a leading supplier of digital and broadcast services in the Sports market, will be using Forbidden's Forscene cloud video platform. Forscene is used by Deltatre to extend their OTT offering of editing services

for live and on demand content.   Use of the Forscene platform will start in July 2017. 

The Forscene video platform delivers a fully virtualised workflow that speeds up time to market for highlights packages, allows remote viewing and editing, and can be used to publish directly to social media channels and websites.

Deltatre commercial director, Stefano Rigat, said:

"Forscene's platform of capabilities provide us with a range of applications to help us grow our market and deliver a superior digital sports solution. We continue to use the Forscene video platform offering, over a range of clients and sports categories, for live and on demand content."

Forbidden Technologies Chairman, David Main, said:

"Deltatre has been a key customer of ours in the sports market for a number of years. This minimum two year deal, clearly indicates the strength of our 'live solutions' and values our commitment to maintaining our market leading capabilities in this sector."

Enquiries:

Forbidden Technologies plc

David Main, Chairman

Jonathan Lees, Chief Financial Officer

Tel: [phone]

Allenby Capital Limited (Nominated Adviser and Broker)

Nick Naylor

John Depasquale

Richard Short

Katrina Perez

Tel: [phone]

Redleaf Communications (Financial PR Adviser)

Rebecca Sanders-Hewett

David Ison

Sam Modlin

Tel: [phone]

Email: [e-mail]

About Forbidden Technologies plc

Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.

Company develops and markets a powerful cloud video platform with multiple applications which can be used by rights holders, broadcasters, sports and news video specialists, post-production houses, other mass market digital video channels, corporates and consumers. The platform applications help customers improve their time to market on time sensitive content, and efficiently exploit the full value of their content.

Websites:

www.forbidden.co.uk

www.forscene.com

Social media:

www.facebook.com/FORscene

www.plus.google.com/+Forscenepro/posts

www.linkedin.com/company/forscene

www.twitter.com/forscenepro

www.youtube.com/user/ForsceneTraining

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 01, 2017 02:00 ET (06:00 GMT)