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First South African public sector sale

11 Mar 2016 07:00

RNS Number : 7732R
Forbidden Technologies PLC
11 March 2016
 

11 March 2016

Forbidden Technologies plc

("Forbidden" or the "Company")

 

First South African public sector sale

Forbidden Technologies plc (AIM: FBT), the AIM-quoted owner and developer of Forscene (the market-leading cloud video platform), Captevate (the consumer video editor), and eva (the video social network), is pleased to announce it has agreed a deal with an existing client, a global leader in digital services, for it to supply a South African Government authority with Forscene in order to address the demand for video editing staff from the public broadcast sector. 

The deal will see Forscene used as a training tool for unemployed youth, learners and teachers. The initial paid pilot phase of the project will be with 150 students. Following a successful pilot, 150 new students are expected to be added every quarter, with the Company moving to an annual licensing deal in the later part of 2016.

This deal demonstrates that Forbidden can successfully extend the reach of its ground breaking Forscene product by selling through international intermediaries and systems integrators.

Deputy Minister Stella Ndabeni-Abrahams said during the 2015/16 South African Budget speech:

"SABC and MDDA [Media Development & Diversity Agency] will support the community radio sector, through the programme production initiative which will be targeting young people. In partnership with Forscene we are going to train unemployed youth, learners and teachers on Online Video Editing Software."

Jason Cowan, Business Development Director at Forbidden Technologies, said:

"This deal has been in the pipeline for some time and we are delighted to have begun the proof of concept. Whilst there's no guarantee that the full scope will be signed off we are extremely confident that the benefits Forscene can deliver in this project are significant."

Aziz Musa, CEO of Forbidden Technologies, said:

"Aside from the revenue significance of this deal, I am delighted that the team have been able to revive existing global deals that we signed in years gone by. This deal is another result of our strategy and focus working."

 

Enquiries:

Forbidden Technologies plc

Stephen Streater, Chairman

Aziz Musa, Chief Executive

Tel: +44 (0)20 8879 7245

 

Allenby Capital Limited (Nominated Adviser and Broker)

Nick Naylor

John Depasquale

Richard Short

Katrina Perez

Tel: +44 (0)20 3328 5656

 

Redleaf Communications (Financial PR Adviser)

Rebecca Sanders-Hewett

David Ison

Susie Hudson

Tel: +44 (0)20 7382 4730

Email: forbidden@redleafpr.com

 

About Forbidden Technologies plc

Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.

 

The Company develops and markets a powerful cloud video platform, which is used by broadcasters, in professional web video, in education and by consumers. The Company platform is one of the world's most advanced browser-based and mobile platforms, which underpins Forscene in professional markets, its eva video social network and its new consumer video editor, Captevate.

 

Websites:

www.forbidden.co.uk

www.forscene.com

www.eva.co

www.captevate.com

 

Social media:

www.facebook.com/FORscene

www.plus.google.com/+Forscenepro/posts

www.linkedin.com/company/forscene

www.twitter.com/forscenepro

www.youtube.com/user/ForsceneTraining

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCSFFEDSFMSEDD
Date   Source Headline
15th Oct 20107:00 amRNSDirectors Dealing
14th Oct 20107:00 amRNSForbidden raises ?1.6m via institutional placing
8th Oct 20107:00 amRNSExercise of Option
1st Oct 20107:00 amRNSExercise of option
27th Sep 20107:00 amRNSInterim results for the six months to 30 June 2010
22nd Sep 20107:00 amRNSNotice of Interim Results & Analyst Presentation
13th Sep 20107:00 amRNSFORscene Cloud hosted by Siemens in South Africa
8th Sep 20107:00 amRNSEnvy chooses FORscene
6th Sep 20107:00 amRNSSmartphone prototype of FORscene
31st Aug 20107:01 amRNSFORscene to output HTML5
25th Aug 20107:00 amRNSFORscene used on 'The Unforgettables'
17th Aug 20107:00 amRNSFORscene used in prime time series, The Hospital
12th Aug 20107:00 amRNSFORscene used in IBC TV News
10th Aug 20107:00 amRNSFORscene used in Sky1 HD production
4th Aug 20107:01 amRNSRenegade Pictures uses FORscene
30th Jul 20107:00 amRNSTotal Voting Rights
28th Jul 20108:07 amRNSDirectors Dealing
27th Jul 20103:17 pmRNSOption Agreement
26th Jul 20107:00 amRNSLoan Repayment
23rd Jul 20103:20 pmRNSExercise of Option
8th Jul 20107:00 amRNSExercise of Option
7th Jul 20107:00 amRNSTotal Voting Rights
6th Jul 201010:57 amRNSShare Option Grant
30th Jun 201012:44 pmRNSExercise of Option
29th Jun 20101:49 pmRNSResult of AGM
29th Jun 201011:00 amRNSAGM Statement
28th Jun 201011:07 amRNSForbidden Technologies partners with EditShare
4th Jun 20104:25 pmRNSExercise of option
28th May 20107:49 amRNSTotal Voting Rights
27th May 20107:00 amRNSFinal Results
26th May 20105:24 pmRNSExercise of Option
25th May 20103:31 pmRNSExercise of Option
12th May 20107:00 amRNSExercise of Option
6th May 20103:14 pmRNSExercise of Option
13th Apr 20107:00 amRNSForbidden launches multicam
9th Mar 20107:00 amRNSMolinare selects FORscene
1st Mar 20107:00 amRNSFORscene selected for ITV's 'Children's Hospital'
26th Feb 20107:00 amRNSFORscene enhances Air Post's production workflow
23rd Feb 20107:00 amRNSITV Manchester extends FORscene use
10th Feb 20107:00 amRNSForbidden partners with Brightcove
8th Dec 20097:00 amRNSFORscene web-based platform in tapeless production
30th Nov 20097:00 amRNSEndemol uses FORscene for new reality TV programme
23rd Nov 20097:00 amRNSCTVC uses FORscene on ITV shows
4th Nov 20098:50 amRNSITV Manchester uses FORscene
26th Oct 20097:00 amRNSEndemol uses FORscene for 'Dating in the Dark'
20th Oct 20097:00 amRNSClear Cut Pictures to use FORscene
11th Sep 20097:00 amRNSLaunch of Osprey Video Codec
10th Sep 20097:00 amRNSLaunch of FORscene HD
9th Sep 200910:26 amRNSLaunch of FORscene Server
8th Sep 200911:57 amRNSFORscene now supporting Serial Digital Interface

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