Primorus Investments PLC Stream TV partners with BOE Technology (7135B)

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RNS Number : 7135B

Primorus Investments PLC

12 January 2018

Primorus Investments plc

("Primorus" or the "Company")

Stream TV partners with BOE Technology

Primorus Investments plc (AIM: PRIM, NEX: PRIM) is pleased to report that Stream TV Networks ("Stream TV") have entered into a partnership to develop 8K screens with a large Chinese screen manufacturer, BOE Technology ("BOE"). In 2017 Primorus invested US$200,000 in Stream TV on a fully-diluted valuation of US$336m.

Stream TV and BOE have announced their joint cooperation to combine the high-resolution panels of BOE with Stream TV's Glasses-Free 3D technology. With panel sizes ranging from mobile phones to PC monitors to large screen televisions, the project will enable development of devices across the entire consumer electronics industry.

"4K TVs and PC monitors are obsolete now that 8K panels have arrived," said Mathu Rajan, CEO of Stream TV.

Stream TV's Ultra-D solution uses advanced optics and powerful rendering algorithms to create a 140-degree viewing angle that gives everyone in the room a crisp, clear, vibrant, and adjustable 3D experience without the need for glasses or goggles.

"The human eye can't tell the difference between 4K and 8K in flat 2D," added Rajan. "Without using the third plane, you're basically throwing away all those pixels. We use those extra pixels for pop and depth to create an immersive experience that brings real value to device makers and their customers."

The Chairman of Primorus, Jeremy Taylor-Firth commented "BOE Technology (Beijing Optical and Electrical) is a large global supplier of screens and displays to numerous international customers and generated sales of over US$8B in 2017. In partnering with BOE Technology, we believe Stream TV is now close to full commercialization of its IP in the form of new 8K glassless 3D screen technology that is the subject of this partnership with BOE."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

 
 Primorus Investments 
  plc:                       [phone] 
 Alastair Clayton 
 
 Nominated Adviser:          [phone] 
 Cairn Financial Advisers 
  LLP 
 James Caithie / Sandy 
  Jamieson 
 
 Broker:                     [phone] 
 Turner Pope Investments 
 Andy Thacker 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 12, 2018 03:02 ET (08:02 GMT)