19th Jan 2007 13:00
Amino Technologies PLC19 January 2007 FOR IMMEDIATE RELEASE 19 January 2007 AMINO TECHNOLOGIES PLC LICENCE AGREEMENT AND ENTRY TO INDIAN MARKET Amino Technologies plc ("Amino"; stock code: AMO), the Cambridge based broadbandnetwork software and systems company, has signed an agreement with DimensionsBroadband UK Ltd. ("Dimensions Broadband"), on behalf of its sister company TimeBroadband Services Pvt. Ltd. ("Time Broadband"), which takes Amino into theIndian subcontinent and provides access to Indian tier 1 telcos. Amino has been paid for a significant licensing contract and for an initialsupply of AmiNet125 set top boxes ("STBs"). Dimensions Broadband plans toestablish local manufacturing of STBs for Time Broadband Services, an IPTVservice provider headquartered in Mumbai. The agreement provides for the licensing of the AmiNet125 STB design and Amino'sIntAct(TM) IPTV software stack for the manufacture and sale of STBs in the Indian sub-continent and Middle-Eastern markets. Amino will receive royalties onlocally manufactured STBs and software in addition to the initial licence fee. Time Broadband plans to offer its advanced IPTV services to customers across theIndian subcontinent, the Middle East and parts of East Africa. Sujata Dev, Managing Director of Time Broadband commented: "In launchinglandmark deployments with telecom operators with a very large combined consumerbase, the objective is to maximise IPTV penetration in consumer homes. We havechosen Amino as our STB technology partner to give us flexibility formanufacturing our own products, the latest technology at an economical cost anda reduced lead time for entering the Indian market." Bob Giddy, Amino's Chief Executive said: "This agreement provides us access tothe tier 1 telcos in India, a country with a population of over 1 billion. Thisdeal is part of our existing business plan and, we believe, validates ourlicensing model, enabling us to sell into large markets where local volumemanufacturing of STBs is critical to success." About Time Broadband Time Broadband Services Pvt. Ltd. is a closely held company incorporated inIndia which will provide convergent systems and underlying services to enabletelecom carriers to offer rich-media Video basic and interactive televisionbased value-added services to their broadband customers. Accordingly, thecompany has three distinct segments but complementary vertical business units totarget all domains of future expansion activities envisaged: a) IPTV CDNservices management of customer inter-phase on behalf of telecom operators; b)technology deployment and manpower support with inputs from toptechno-providers; c) content aggregation and digital re-purposing forcontent-providers for market expansion. TBSL has entered into agreement withseveral telecom providers in India including India's largest telephone serviceprovider with a target to reach over a million homes by 2010. About Dimensions Broadband UK Dimensions Broadband UK is part of the Dimensions Group (www.dimensionsgroup.com), a global group of companies offering dedicated expertise and services in theareas of Human Resources, Banking Automation, Business Process Outsourcing, ITEngineering and Design, Education and Healthcare. The Group manages it's variousvertical services to provide their clients with agility, focus and a quality ofstandardization as well as a global reach and the financial strength necessaryto properly service large customers. About Amino Amino Technologies plc (www.aminocom.com) designs and supplies Electronicsystems, software and consultancy for IPTV (telco triple-play applications),on-demand video and in-home multimedia distribution delivered through threeoperating divisions. Amino Communications supplies the AmiNET(TM) series of high performance IPTVset-top boxes and gateways for deployment in the telecommunications, broadcastand hospitality markets. Generally, AmiNET products are supplied with theIntAct(TM) IPTV software stack pre-loaded. IntAct licenses hardware designs andthe IntAct(TM) IPTV software stack for customer premises solutions to OEMsenabling them to supply IPTV set-top boxes and gateways for larger scaledeployments and the hospitality sector. Modelo provides systems consultancyservices. Amino is partnered with world-leading companies in systems integration, middleware, conditional access, silicon, head-end systems and browser technologies. CONTACTS Amino Technologies: 01954-234100Keith Todd, Chairman www.aminocom.comBob Giddy, Chief ExecutiveStuart Darling, Finance Director Bankside: 020-7367-8888Steve Liebmann or Simon Bloomfield This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AMO.L