17th Feb 2014 09:55
LONDON (Alliance News) - Shares in PeerTV PLC jumped 24% Monday as it won a new order with a national broadcaster for its Android-based set top box.
The broadcaster, which wasn't named, has placed a framework order for 10,000 of the boxes for 2014, the first 1,000 of which is a firm order. PeerTV did not provide financial details of the order.
The set top box allows broadcast content to be distributed via the internet and downloaded directly to a customer's screen. It uses the Android operating system, a Linux-based operating system that is primarily used for touch screen devices.
The company has completed trials of its set top box and said it was "actively pursuing commercial opportunities" in Europe and Latin America.
Shares in PeerTV were trading up 24% at 1.70 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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