Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Motive Signs Agreement with MTN

20th Jul 2015 07:00

RNS Number : 4452T
Motive Television PLC
20 July 2015
 

 



20 July 2015

 

Motive Television PLC

("Motive" or the "Company")

 

Motive Signs Agreement with MTN

 

Marketing cooperation with global provider of maritime communications

 

 

Motive Television PLC (AIM: MTV), the technology provider to broadcasters and pay television operators, is pleased to announce that its fully-owned subsidiary Motive Television Services Limited has signed a Memorandum of Understanding ("MOU") with MTN (Maritime Telecommunications Network) Satellite Communications of Miramar, FL USA ("MTN").

 

Under the MOU, the Company will provide Motive's BYOD TV technology and paid engineering support to assist MTN in developing new services to be marketed by MTN to its worldwide clients.

 

MTN is the leading provider of communications and content services for remote locations around the world serving the cruise, yachts, ferries, oil & gas, commercial shipping and government markets. On 13 July 2015, EMC announced it had completed its acquisition of MTN. The combined global company retains the name "EMC" and is now headquartered at MTN's Miramar, FL offices.

 

Supported by one of the world's most secure networks, covering 99 percent of the world's populated regions and the majority of all ocean regions, MTN provides communications and content services to the maritime industry. These include end user products, enterprise and technical solutions, network management and bandwidth optimization.

 

MTN extends its presence through a global network of Maritime Service Providers (MSPs) and Resellers.

 

Under this MOU, Motive will make the modifications and customization necessary to make it possible for MTN to provide a demonstration of BYOD TV to its customers at a key trade exhibition in September 2015. Should MTN decide to go forward following the exhibition, Motive will complete a marketing agreement with MTN whereby MTN is licensed to market and offer such services to MTN clients and customers.

 

While it is not possible to estimate the ultimate value of this MOU and prospective marketing agreement, at this time the directors of the Company believe that partnering with MTN would have very significant value to Motive.

 

 

Leonard M Fertig, CEO of Motive commented, "Through partnering with MTN, a world-leading supplier of maritime communications, Motive can greatly extend the marketing reach of its BYOD TV technology to thousands of ships including ferries, cruise ships, yachts, and commercial vessels that are clients and customers of MTN for maritime communications services. This cooperation with MTN could quickly make Motive's BYOD TV an industry-leading solution."

 

 Enquiries:

 

 

Motive Television plc

Michael Pilsworth, Chairman

Leonard M Fertig, CEO

 

T: +44 20 7025 8425

 

Sanlam Securities UK (Nominated Adviser)

Simon Clements / James Thomas

 

T: +44 20 7628 2200

 

 

Beaufort Securities

Jon Belliss

T: +44  20 7382 8300

Newgate Communications

Jason Nisse/Andre Hamlyn

 

T: +44 20 7680 6559

 

 

Media PR Europe

Gerry Buckland

 

T: +44 7774 860011

 

 

Brainerd Communicators

Chris Plunkett / Mike Smargiassi

 

T: +1 212 986 6667

 

 

 

Notes to Editors

 

Motive Television provides broadcasters and pay television operators with enabling technology that provides opportunities to deliver highly valued services to viewers that generate additional income and retain existing subscribers, comprising:

 

Content Express™

Today's television viewers are demanding the ability to watch whatever they want when they want it on any screen, and Motive's Content Express™ makes that possible without having to build new networks. Content Express™ software provides secure delivery and management of non-linear digital content across any type of broadcast network to any consumer-facing screen or device. Motive has deployed it in both single and hybrid distribution systems that combine broadband access with traditional distribution for an optimal solution.

 

Motive's Content Express™ solutions platform provides a one-stop shop for digital terrestrial broadcasters, satellite, DTT cable pay television platforms, and Internet OTT content providers to offer new services including: Video on Demand (VOD and SVOD), Catch-up television, Tablet Television, Targeted advertising for VOD, Mocast for 4G LTE, Virtual channels and Video2Go.

 

Tablet TV

With a proprietary app and T-Pod antenna-tuner, tablet owners around the globe can watch and record all the programming currently broadcast over digital terrestrial channels. Additionally, Tablet TV subscribers have the ability to download a selection of video-on-demand movies and programmes without the need for Internet access and, when they are connected, use integrated social networking and access anything available over the Internet.

 

BYOD TV

Motive's BYOD TV solution provides passengers and crew in maritime environments with access to video-on-demand movies and television without needing direct access to the Internet or broadcast signals. Markets for the platform include operators of passenger ferries, cruise lines, commercial ships, and oil platforms among others. In addition, BYOD TV has application for additional markets including passenger airlines, trains, waiting lounges, etc.

 

Motive's content division is:

 

Motive Television Limited, a Dublin-based award-winning independent production company that produces factual programmes for Irish broadcasters. It specializes in live sports production and sports documentaries and also produces factual and entertainment series.

 

Motive Television was founded in London in 2005 and its shares are quoted on the London Stock Exchange (AIM). 

http://www.motivetelevision.co.uk 

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGRGGUMUMUPAGMR

Related Shares:

Motive Television Plc
FTSE 100 Latest
Value7,964.18
Change50.93