23 Sep 2020 07:00
23 September 2020
AMINO TECHNOLOGIES PLC
("Amino", the "Company" or the "Group")
Amino upcycling and cloud technology delivering modern TV experiences in Argentina
- Extending device life: AminoOS upcycling delivers OTT through existing IPTV infrastructure
- Meeting consumer needs: IPTV subscribers access wide range of live TV, films and shows
- Cloud-based software: improving customer support and service
Amino Technologies plc (LSE AIM: AMO), the global provider of media and entertainment technology solutions, is pleased to announce AminoOS' upcycling technology is enabling Colsecor, a leading Argentinian cable cooperative, to launch its new OTT services, SENSA, throughout Argentina.
Amino is working with Pontis Technologies, a leading systems integrator focused on implementing end-to-end IPTV and OTT projects, to upcycle a range of deployed devices to bring SENSA service to Colsecor's Argentinian customer-base.
AminoOS Enable software will provide Colsecor with the operational agility to deploy this innovative OTT service alongside its existing IPTV infrastructure. The Amino upcycling project will help Colsecor maximize existing investments for over 30 cooperatives throughout Argentina.
SENSA meets fast-moving consumer demands by offering IPTV subscribers access to more than 80 live television channels and over three thousand on-demand movies and TV shows.
Pontis Technologies has partnered with Amino since 2013, and is deploying Amino's cloud-based service management solution, AminoSM Engage, for Colsecor. AminoSM Engage provides tools to help operators proactively support devices and improve service.
Whilst this project is not expected to generate material revenues for the Company in the year ending 30 November 2020, it is expected to secure recurring software revenues in due course, in keeping with Amino's strategic focus.
Donald McGarva, Group CEO of Amino, said:
"Providing upcycling and cloud solutions to Colsecor, a leading Argentinian cable cooperative, is another example of Amino's successful and innovative transition to a software-led company in recent years. Using Amino technology, operators are able to offer consumers the 'best of both worlds': streaming features like greater content to pay-TV subscribers, and pay-TV features like quality of services to streamers. Operators are looking for ways to extend the life of their devices, improve customer experience and deliver greater customer service. Amino offers this by bridging traditional TV and on demand video and streaming."
Miguel Factor, COO of Colsecor, said:
"Amino's ability to extend the functionality of our existing set-top boxes was a key financial enabler of the SENSA project. I am looking forward to our customers enjoying the exciting content made available as we continue the roll out of the exciting new SENSA service."
For further information please contact:
Amino Technologies PLC | +44 (0)1223 598197 |
Donald McGarva, Chief Executive Officer Mark Carlisle, Chief Financial Officer | |
finnCap Ltd (NOMAD and Broker) | +44 (0)20 7220 0500 |
Matt Goode / Simon Hicks (Corporate Finance) Tim Redfern / Richard Chambers (Equity Capital Markets) | |
FTI Consulting (Financial communications) | +44 (0)20 3727 1000 |
Jamie Ricketts / Chris Birt / Gregory Hynes |
About Amino Technologies plc
Amino Technologies plc is a new breed of Media Tech business, focused on enabling operators to meet the challenge of the rapidly converging worlds of broadcast and next-generation streaming services. We believe the operators that will succeed will be those that allow consumers to control how, when and where they "watch TV" and consume video. The smart operator will enable each consumer to define what TV means to them.
It is our mission to anticipate the technological and consumer behavioural trends so that we can keep on creating the solutions that enable operators and media companies to drive growth in engagement and profitability while embracing the inevitable disruption to the video market. The Group meets these challenges through combining its award-winning IP/cloud platforms and deep deployment expertise to create solutions that enable our customers to design and deliver innovative and profitable next-generation video experiences.
Amino Technologies plc consists of two operating companies providing transformational media experiences: Amino Communications, with TV-centric solutions and 24i, focused on streaming and OTT experiences.
24i and Amino Communications are subsidiaries of Amino Technologies plc which is listed on the London Stock Exchange Alternative Investment Market (AIM: symbol AMO), headquartered in Cambridge, Amino has offices in New York, Los Angeles, San Francisco, Amsterdam, Helsinki, Madrid, Porto, Brno and Hong Kong. For more details, visit www.aminotechnologies.com/