8th Dec 2008 07:00
8 December 2008
Amino Technologies plc
("Amino" or "the Group")
Trading Update
The Board of Amino (LSE: AMO) ("The Board") is pleased to confirm that trading during the second half of the year has continued well and, as a result, the Board expects to report full year results in line with Directors' expectations, further supporting the Group's strong balance sheet.
The Group has continued to sign new customer agreements during the year and these agreements have seen the Group move both into new geographies and new vertical markets. The acquisition announced on 20 November and completed on 1 December of Tilgin AB's IPTV set-top box division marks a further step in the Group's strategy, increasing Amino's scale as an organisation and giving it access to additional, valuable software.
The Board also announces that Amino has entered into a license with MPEG LA's MPEG-2 Patent Portfolio License ("PPL") on terms in line with the Group's existing provisions. MPEG LA's PPL provides Amino and other licensees with access to MPEG-2 video and systems patents owned by other patent holders.
Andrew Burke, Chief Executive Officer of Amino said:
"I am pleased with the strategic progress we have continued to make this year, sensibly adding scale and propositions to our offering whilst not compromising on driving organic growth in our business. I look forward to giving more detail on our performance this year in our Preliminary Results announcement on 2 February."
For further information please contact:
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Amino Technologies plc: |
+44 (0)1954 234 100 |
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Keith Todd, Chairman |
www.aminocom.com |
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Andrew Burke, Chief Executive |
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Stuart Darling, Chief Financial Officer |
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Financial Dynamics: |
+44 (0)20 7269 7214 |
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James Melville-Ross / Matt Dixon / Nicola Biles |
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KBC Peel Hunt Ltd: |
+44 (0)20 7418 8900 |
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Julian Blunt |
About Amino
Through a combination of software, hardware and systems know-how, Amino Technologies plc (AIM: AMO.L) enables its customers to deliver and monetise a broad range of intelligent on-line video services for the home and business consumer.
The company's award winning range of AmiNET™ products provides telecom, broadcast and hospitality firms with a 'front door' to IPTV: a range of software, middleware and set-top box systems that can be tailored to offer highly scalable and targeted systems.
Amino's 'AssetHouse' technology takes IPTV to the next level, allowing clients such as BT Vision to think like retailers and package, personalise and refresh extra revenue-generating services to viewers. For more information, please visit www.aminocom.com
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