LONDON (Alliance News) - Amino Technologies PLC said Thursday that continued recognition of its products from the wider market bolsters its confidence for the future, in an update covering the second half of its current financial year.
Amino said that it has continued to make good progress in the development of its set-top box portfolio. It recently launched its new A150 set-top box in the European market and said it is already gaining traction.
The company has successfully integrated the A150 with new partners focused on the over-the-top market, and said it is now partnering with Vision 247, to deliver multiscreen over-the-top television on a cloud-based platform. Over-the-top television is delivered via the internet.
It hasseen further traction in Eastern Europe for its lower-specification device, it said, which has seen success in Latin America. At the time of its interim results in July, the company said it had selected ALBtelecom in Albania to provide its set-top boxes to support the roll-out of its new ALBtv IPTV service in the region.
The company also expressed confidence for its home monitoring and control offering, which it said will open up new opportunities for it in new and adjacent markets.
"We are making solid progress in our core markets and are successfully taking our products and expertise into emerging markets. Our focus on product innovation and the fact that our products are continuing to gain recognition from the wider market gives the board confidence in our ability to keep delivering in the future," said Chief Executive Officer Donald McGarva in a statement.
Shares in Amino were trading up 0.6% at 93.56 pence Thursday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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