16th Jan 2014 09:19
Motive Technology Deployment exceeds expectations in Turkey
Rollout of Set Top Boxes containing Motive technology ahead of plan
London 16 January 2014: Motive Television ("Motive" or "Company") has been informed by Digiturk, the largest satellite broadcaster in Turkey with over 2.5 million subscribers, that during 2013 approximately 115,000 set-top boxes containing Motive's technology were provided to subscriber homes. Motive was also advised that a similar figure is anticipated for the year 2014.
This exceeds the estimates given by Motive on 29 May 2013 when it announced that "although it cannot predict the eventual number of Digiturk subscribers who may take up the Company's technology in the next two to three years, the Company conservatively estimated that at least 100,000 of Digiturk's subscribers would receive set-top boxes with Motive's technology". Motive receives license fees royalties based upon the number of set-top boxes manufactured that are enabled with Motive's technology payable twice yearly based on shipments for the past six months.
These better than predicted sales are expected to contribute to the Company's revenue for the year ended 31 December 2013 being at least as high as the revenue generated in 2012.
Leonard M Fertig, CEO of Motive commented, "Today's figures indicate that this prior estimate will be exceeded and this is evidence of success and rapid acceptance of the product. Motive continues to work with Digiturk to support and further develop its services."
Enquiries:
Motive Television plc Michael Pilsworth, Chairman Leonard M Fertig, CEO
| T: +44 20 7025 8425
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Sanlam Securities UK (Nominated Adviser) Simon Clements / Virginia Bull
| T: +44 20 7628 2200
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XCAP Securities (Broker) Jon Belliss
| T: +44 20 7101 7070 |
Newgate Communications Jason Nisse/Stephanie Dobbs
Media PR Europe Gerry Buckland
Brainerd Communicators Chris Plunkett / Mike Smargiassi
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T: +44 20 7680 6559
T: +44 7774 860011
T: +1 212 986 6667
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Notes to Editors
Motive Television provides software and services to the global television industry, enabling Television Anytime Anywhere™. Motive's patented and proprietary technology platform responds to the heightened viewer demand for watching what they want, when they want, on whatever device they want; and is driven by the mandatory switchover from analogue to digital broadcasting as mandated by the International Telecommunication Union.
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:
Television Anytime. A technology platform that enables digital broadcasters and pay television operators to offer enhanced broadcasting services with or without the need for an Internet connection. These services include, among others, Video-on-Demand, Catch-Up TV, Virtual Channels, Sneak Preview TV, and Targeted Advertising. Television Anytime is currently in commercial operation in Europe both in digital terrestrial (DTT) and soon in satellite (DTH) environments. Patented in Spain and patent pending in the EU.
Television Anywhere. An advanced multi-screen multi-channel technology that allows a viewer to control and watch all the content received by or recorded in their main home television equipment on any computer, mobile phone, iPad or any other Internet connected device. Television Anywhere is software-based and can be updated via software upgrades on existing STB. US patent pending.
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
Related Shares:
Motive Television Plc