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Systems integrator update

25 Jan 2011 07:30

RNS Number : 9964Z
Forbidden Technologies PLC
25 January 2011
 



25 January 2011

 

Forbidden Technologies plc

 

("Forbidden" or the "Company")

Systems Integrator Update

 

Forbidden Technologies plc, the owner and developer of the FORscene Cloud video platform, is pleased to report on progress with its Systems Integrator strategy.

Forbidden has built its own Cloud video infrastructure which it uses to service its post-production clients in the Broadcast and Professional Web markets. Last year, Forbidden announced that it was looking to extend its market penetration by signing deals with Systems Integrators, who have the technical ability to build their own FORscene Cloud Servers to support their own clients.

To date, three such agreements have been signed, including the one announced earlier this morning. These agreements allow Systems Integrators to build and sell their own Cloud Servers, running Forbidden's software, and to provide FORscene to their customers around the world. Each Systems Integrator will support its customers directly, enabling Forbidden to drive onward the development of the FORscene platform.

The income Forbidden expects from deals being discussed between the Systems Integrators and each of their clients is expected to be typically of an order of magnitude larger than Forbidden's individual direct sales to broadcast post-production clients.

In recent months, Forbidden Technologies has signed deals with two regional and one global systems integrator. Whilst these deals have yet to result in an order for a complete Cloud system, the Systems Integrators are actively promoting FORscene to potential clients. Money from preliminary work is already starting to trickle in.

Although the major step change in revenue resulting from customers of the Systems Integrators did not come through in the last quarter of 2010, the Board is pleased with the organic growth in both customer numbers and size of orders for its own Cloud Servers, and the ability of its Cloud infrastructure to support this growth. The Board feels that the increasing revenue from its own Cloud underpins the value of FORscene to Systems Integrators and their potential clients.

Stephen Streater, CEO of Forbidden Technologies, said:

"The willingness of Systems Integrators to adopt FORscene validates Forbidden's strategy of approaching them during last year. Their access to world markets will make a significant impact on Forbidden's chances of being a major player in the market for professional Cloud-based video tools."

Greg Hirst, Business Development Director of Forbidden Technologies added:

"All the Systems Integrators mention the need for patience in our dealings with them, as the nature of their businesses demands that customer projects are carefully planned and well thought-out. The recent agreements follow several months of detailed discussions and support my belief in the potential of Forbidden's growth strategy."

 

About Forbidden Technologies

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

 

The Company develops and markets a powerful internet video platform, FORscene, which is used by broadcasters, in professional web video, in education and by consumers. FORscene is one of the world's most advanced browser-based applications, operating in The Cloud.

 

Enquiries

 

Forbidden Technologies plc Tel: +44 (0)20 8879 7245

Stephen Streater, CEO

 

Brewin Dolphin Tel: +44 (0)845 213 4726

Neil Baldwin, Nominated Advisor

 

Bishopsgate Communications Tel: +44 (0) 20 7562 3350

Duncan McCormick/Deepali Schneider/Natalie Quinn

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCBIMFTMBATBRB
Date   Source Headline
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
7th Sep 200910:11 amRNSSHARE TRANSFER COMPLETE
28th Aug 20094:01 pmRNSTotal Voting Rights and Capital
25th Aug 20091:52 pmRNSShare Option Grant
24th Aug 20093:31 pmRNSExercise of Option
20th Aug 20097:00 amRNSIBC News to use FORscene to syndicate news footage
13th Aug 20095:05 pmRNSExercise of option
12th Aug 20093:03 pmRNSIssue of Equity
10th Aug 20097:00 amRNSHalf Yearly Report
5th Aug 20093:01 pmRNSHolding(s) in Company
4th Aug 20093:32 pmRNSNotice of Results
3rd Aug 20094:41 pmRNSAppointment of PR Adviser
28th Jul 20097:00 amRNSIssue of Equity
26th Jun 200911:00 amRNSAGM Statement
26th Jun 200911:00 amRNSAGM Statement
14th May 20097:00 amRNSFinal Results
20th Apr 20097:00 amRNSPartnership Agreement
20th Jan 200912:39 pmRNSBIM
19th Jan 200911:59 amRNSDirector/PDMR Shareholding
29th Dec 200811:24 amRNSTrading Update
30th Sep 20087:00 amRNSInterim Results
5th Sep 200811:00 amRNSAGM Statement
30th Jul 20084:13 pmRNSDirector/PDMR Shareholding
23rd Jul 20085:10 pmRNSDirector/PDMR Shareholding
30th Jun 20083:05 pmRNSAnnual Report and Accounts
19th Jun 20083:59 pmRNSDirector/PDMR Shareholding
4th Jun 200810:09 amRNSFORscene in the US
4th Jun 20087:00 amRNSFinal Results-Amendment
3rd Jun 20087:00 amRNSFinal Results
9th Apr 20082:37 pmRNSStmnt re Share Price Movement
29th Jan 20089:15 amRNSChange of Address
27th Sep 20077:01 amRNSInterim Results
5th Sep 20077:01 amRNSLaunch FORscene DV

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