9th Jun 2015 10:07
LONDON (Alliance News) - DDD Group PLC Tuesday said that trading in the first quarter of 2015 was in line with the board's expectations, and it is getting an initial positive response from prospective licensees and distribution partners to its TriDef SmartCam product for Windows.
The imaging and 3D products company, which is holding its Annual General Meeting, said its GenMe licensing subsidiary has signed the first agreements for the new product with SplitmediaLabs for distribution to end users of the popular XSplit Gamecaster and XSplit Broadcaster applications.
"Response to the TriDef SmartCam capabilities from other prospective distribution partners in the video conferencing market has been encouraging with indications that the end user background replacement feature is an area that prospective licensees are now investigating," it said.
DDD also said it is making good progress on the patent licensing program with Dominion Harbor, which has started licensing discussions with prospective licensees in the 2D to 3D film conversion market. DDD has also completed a due diligence project with Dominion Harbor to secure a suitable law firm to address any licensing matters where litigation may be required.
"The 3D licensing business continues to perform well with over 4 million additional licensed products reported in the first quarter, taking the total of TriDef 3D enabled products to over 55 million cumulatively," it added.
"We have worked diligently to develop the new TriDef SmartCam solution for Windows and we have been pleased with the initial response from our prospective licensees and distribution partners. We are now focused on delivering more distribution agreements over the coming months as well as to broadening our reach with an Android version of TriDef SmartCam that can be used with smartphone and tablet apps," said DDD Chief Executive Chris Yewdall.
DDD shares were up 40% at 2.45 pence Tuesday morning in the wake of the statement, making it the best-performing stock on the AIM All-Share index.
By Steve McGrath; [email protected]; @stevemcgrath1
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