25 Jul 2017 07:00
25 July 2017
Big Sofa Technologies Group plc
("Big Sofa" or the "Company")
AGM Statement
Big Sofa (AIM: BST), a fast-growing international video analytics provider to consumer brands and market research agencies, is pleased to announce that, at the Annual General Meeting of the Company to be held later today, the chairman, Nicholas Mustoe, will make the following statement:
"We continue to be greatly encouraged by the progress Big Sofa is making, in particular with its significant customer partnerships including P&G, Unilever, Ipsos and SC Johnson - each of which is recognising the value of incorporating video into its consumer insight activities. The board is confident that these partnerships will deliver material revenue growth in the current year and we are already seeing evidence of this in Big Sofa's expanding near-term new business pipeline, which includes some valuable and exciting projects. We also continue to develop opportunities with additional significant customers and are confident that one or two of these will start to deliver revenue in the second half. We look forward to continuing to update shareholders throughout the second half of the current year."
For further information, please contact:
Big Sofa Technologies Group plc | via Vigo Communications |
Simon Lidington, CEO | |
Matt Lynch, CSO | |
Joe MacCarthy, CFO | |
SPARK Advisory Partners (NOMAD) | +44 (0)20 3368 3554 |
Neil Baldwin / Mark Brady | |
Hobart Capital Markets (Broker) | +44 (0) 20 7070 5656 |
Lee Richardson / Raju Haldankar | |
Vigo Communications (Financial Public Relations) | +44 (0) 20 7830 9700 |
Jeremy Garcia / Ben Simons / Antonia Pollock |
About Big Sofa
Big Sofa is a B2B technology business servicing the marketing and consumer insight industries with video analytics.
Our software platform collates, analyses and organises large volumes of raw/unstructured video content enabling companies to perform detailed and sophisticated consumer insight analysis; and make genuine use of their video content.
Until recently, video has been difficult and expensive to capture, upload, store, manage and analyse as a consumer insight tool. However, proliferation of smart phones has empowered consumers to speak directly to brands resulting in an evolution of consumer insight and data analytics techniques, with video emerging as a key platform in a massive $33 billion consumer research market.
Big Sofa's shares are admitted to trading on the London Stock Exchange's AIM market under the ticker BST.L.
To find out more, visit www.bigsofatech.com
Follow us on twitter at @bigsofatech