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Pin to quick picksMotive Television Plc Share News (MTV)

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Motive Television signs deal with Skyworth group

Thu, 17th Apr 2014 12:33

Media group Motive Television's subsidiary, Motive Televisions Services, has signed a software agreement with China-based Shenzhen Skyworth Digital Technology to supply set top boxes in support of the Siyaya DTH services.Last month, the group announced its subsidiary had begun the installation process of its Content Express Software as part of a contract with Siyaya Free to Air TV in South Africa. Siyaya intends to start commercial operations using Motive's software later in the year.Under the agreement, Motive will receive an SDK License fee, a certification for each model of device and royalty fees based on the number of units manufactured.All these fees will be paid to the group under its agreement with Siyaya that was signed and announced on December 30th last year.Leonard M Fertig, Chief Executive Officer, said: "The completion of this licensing agreement with Skyworth is another milestone in the progress of both the Siyaya project and in the development of Motive's Content Express business. "Having Motive's technology integrated into the set-top boxes of a major manufacturer such as Skyworth is a big step forward for the company."As of 13:34 the share price was unchanged at 0.03p.
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