24th Mar 2015 10:14
LONDON (Alliance News) - Television technology company Motive Television PLC on Tuesday said its new maritime platform is currently being tested in Greece and Italy and is expected to launch commercially in early April.
Motive added it is currently in talks with cruise operators in North America to launch the service during the upcoming summer season.
The service provides video-on-demand movies and television programmes for the bring-your-own-device services offered by commercial ships, private yachts, oil rigs, ferries and cruise ships.
"Launching our first BYOD service commercially seven months after undertaking the development of this new product is quite an achievement. The international ferry market, is huge, and BYOD should find great acceptance among passengers on 3-10 hour journeys throughout Europe and the Americas. Added to that, the growing cruise market represents significant growth opportunity for Motive," said Chief Executive Leonard Fertig.
Motive shares were up 7.6% to 0.0191 pence on Tuesday, one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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