The company has its hq at 69 Old St EC1V. The technical centres are UK and Spain. Main customers are Sky, Virgin Media, BBC and ITV. True they have recently launched the Iris solution in Mexico. But it all points to a London listing, Spain is relatively minor and Latin Smerica small. All makes perfect sense to me!
Set top box software specialist mirada (LON:MIRA) has announced the commercial launch of its multi-screen product Iris for Cablevisión Monterrey in Mexico. José Luis Vázquez, mirada’s chief executive officer, tells Proactive Investors that a back of the envelope calculation indicates that the size of the contract is ahead of market expectations. “The technical implementation has been perfect,” he added. The speed at which the product is rolled out is in the hands of mirada’s partner, but if rolled out across the whole subscriber base it could mean licensing revenues of 18 to 20 million dollars for mirada.
I'm a bit surprised that there hasn't been more of an uptick in SP but would expect more during the day as news gets re-broadcast. There may be a couple of reasons though. This contract has been known about for a while and so to an extent is in the SP already. Add to that the delays and then the fact that it's probably not the blockbuster announcement we might have wanted i.e. it doesn't appear to be a full rollout ...more to come etc. It's progress though and another contract win would make a huge difference. I topped up at 12.5 this morning on the news. I think this is more long term than I'd originally thought but at least it's on track.
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