Forbidden Technologies Inks Forscene Proof-Of-Concept With Broadcaster

Wed, 04th May 2016 08:16

LONDON (Alliance News) - Forbidden Technologies PLC on Wednesday said it has agreed a 12-month paid proof-of-concept with an unnamed UK broadcaster for its Forscene cloud video platform.

Forbidden has secured the contract in collaboration with a US technology company, which it also did not name.

No financial details were disclosed.

"This has the potential to be the most significant deal that the company has struck to date. The proof of concept generates revenue immediately, and a successful proof of concept would open up significant revenue opportunities," said Forbidden Chief Executive Aziz Musa.

Forbidden shares were up 17% to 9.10 pence Wednesday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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