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Share Price Information for Blackbird (BIRD)

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Trading Update and Notice of Results

10 Feb 2020 07:00

RNS Number : 3944C
Blackbird PLC
10 February 2020
 

10 February 2020

 

Blackbird plc

("Blackbird" or the "Company")

 

Trading Update and Notice of Results

 

Blackbird plc (AIM: BIRD), developer and seller of the patented market-leading cloud video editing platform Blackbird, is pleased to provide a trading update ahead of announcing its results for the year ended 31 December 2019.

 

Since the Company's interim results announcement, the Board is pleased to report that the Company is making good progress with the next stage of its growth strategy. Building on the back of the Company's high profile direct customer wins in 2019, Blackbird intends to attain global scale through multinational Original Equipment Manufacturers ("OEMs") and is currently in advanced discussions with a number of them. The Company will keep the market updated accordingly.

 

Since the start of the new year, management have attended a number of high-profile events and conferences in Europe and the US and will be attending the 2020 NAB Show in Las Vegas from 18 - 22 April. The Company plans to announce its results for the financial year ended 31 December 2019 on 27 April 2020.

 

Contacts

 

Blackbird plc

 

Tel: +44 (0)20 8879 7245

Ian McDonough, Chief Executive Officer

Stephen White, Chief Financial and Operating Officer

Allenby Capital Limited (Nominated Adviser and Broker)

Tel: +44 (0)20 3328 5656

Nick Naylor

Nicholas Chambers

 

About Blackbird plc

 

Blackbird operates in the fast-growing SaaS and cloud video market and has created the world's most advanced suite of cloud-native computing applications for video, all underpinned by its lightning-fast codec. Blackbird's patented technology allows for frame accurate navigation, playback, viewing and editing in the cloud. Blackbird underpins multiple applications, which are used by rights holders, broadcasters, sports and news video specialists, esports, live events and content owners, post-production houses, other mass market digital video channels and corporations.

 

Since it is cloud-native, Blackbird removes the need for costly, high end workstations and can be used from almost anywhere on almost any device. It also allows full visibility on multi-location digital content, improves time to market for live content such as video clips and highlights for social media distribution, and ultimately results in much more effective monetisation.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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