7DIG.L Regulatory News (7DIG)

25 Jun 2007 07:03

UBC Media Group PLC25 June 2007 25 June 2007 Imagination Technologies and UBC Media Group co-operate to deliver instant musicpurchase solution Imagination Technologies ("Imagination") and UBC Media Group ("UBC") announcethat they have agreed to work together to create a service, which will allowlisteners to purchase music directly from DAB digital radios. This service combines Imagination's new DAB and Internet digital radio platformwith UBC's 'Cliq' instant music purchase technology, providing digital radiousers with a "buy now" facility while listening to selected DAB radio stations.The service will capitalise on radio's acknowledged ability to encourage musicpurchase. Imagination Technologies will bring devices that support the Cliq service tomarket through its PURE Digital division, as well as providing part of thetechnology infrastructure on which the service will run. The exact commercial terms remain confidential, however UBC and Imagination willshare revenues on music purchased via digital radio devices that are part ofthis co-operation and support the service. More details on this exciting new service and launch schedules will be announcedat a later date. Simon Cole, chief executive, UBC, says: "Imagination Technologies has been a major driver in the rapid rise of digitalradio sales through its innovation in silicon products and investment in itsPURE radio business. I am pleased that Imagination shares our vision of a fullyinteractive radio business and am confident that it will help us and the radioindustry drive new interactive revenues in the same way it has driven theexisting digital radio market.". Hossein Yassaie, CEO, Imagination Technologies, says: "This co-operation will allow both PURE Digital and other major brands that useImagination Technologies' digital radio platform to take digital music downloadto the next level. We are delighted to be working together with UBC on thisexciting project." Paul Smith, GM, PURE Digital, says: "Digital music download will be an important part of a package of serviceswhich will differentiate PURE's future combined DAB and Internet radio products,and provide substantial added value to our customers and the radio industry." Ends Enquiries Simon Cole, Chief Executive, UBC Media Group plc: Tel: 020 7453 1600 Diane Barnes, Portland for UBC: Tel: 020 7404 5344 Notes to Editors About UBC Media UBC Media is the UK's largest independent producer of radio content, serving thecommercial sector as well as the BBC with radio programming and productionservices. It also has an Interactive arm which is the leading supplier ofinteractive technology to DAB Digital Radio broadcasters in the UK. UBC is a specialist in digital broadcast technology and services, its digitaldata software is used by 40% of commercial radio stations in the UK. In thelast 12 months, UBC has invested in the creation of a service, branded today as'Cliq', which allows stations to transmit an encrypted track listing containingpurchase information for the music they are playing. The service has thebacking of major UK radio groups and record companies. About Imagination Technologies Imagination Technologies develops and licenses innovative silicon and softwareintellectual property (IP) for system-on-chip (SoC) devices targeting multimediaand communication applications. The company offers an expanding range of complementary IP cores, licensed bymany of the world's leading silicon device suppliers including Intel, Renesas,Samsung, Sharp and TI. Imagination Technologies develops and licenses intellectual property (IP) fortoday's multimedia and communication devices and is the market-leading supplierof digital radio technologies. Its PURE radio brand is the UK's number oneoverall radio supplier and has a market share of more than 20%, and ImaginationTechnologies' IP is also in around 70% of the total digital radio installedbase. This information is provided by RNS The company news service from the London Stock Exchange