MIRA.L Regulatory News (MIRA)

27 November 2018

Mirada plc

("Mirada", the "Company" or the "Group")

Reseller partnership with Indra

Mirada plc (AIM: MIRA), a leading audio-visual content interaction specialist, is delighted to announce it has signed a significant partnership agreement with the global technology and consulting company Indra.

Indra will act as a global reseller of Mirada's cutting-edge digital TV products with initial activities underway in South East Asia. The partnership provides the potential for Mirada to greatly increase its geographic reach in terms of sales and marketing.

Indra had been seeking a digital TV partner to complement the product and services portfolio it provides to telecoms and media operators as prime contractor. It selected Mirada owing to the scalability and advanced capabilities of the Company's Iris Multiscreen product, which can be offered to both low and high-volume operators, as well as serve different tiers of their subscribers in terms of revenues.

Other important differentiators included the ability for Mirada to deploy large scale multi-tier projects. This was proven with the successful commercial deployment of Iris for izzi Telecom in July 2016, and further successful deployments of new functionalities within the same operator, which now has over 1.5 million Mirada-powered STBs installed.

Luis Rodríguez Lombardero, Indra's Director of Telecom and Media for Europe, Africa and Asia, commented: "This agreement with Mirada is aligned with Indra's objective, through our subsidiary Minsait, to continue helping telecommunication and media operators worldwide in the digital transformation of their businesses. The experience of Mirada, a leader in products for digital TV operators and transmitters, and the quality of its products focused on TV Everywhere are fully integrated with our capabilities to solve the needs of our customers end-to-end."

José Luis Vázquez, CEO of Mirada plc, commented: "We are delighted to be partnering with Indra, who have a reputation as being one of the world's leading technology and consulting companies. With Indra having a global presence and a highly-regarded reputation globally, the partnership plays an integral part in Mirada's strategy to expand into new markets. This is the largest partnership we have signed to date and we are excited about the possibilities it presents."

Enquiries

About Mirada

Mirada is a leading provider of products and services for Digital TV Operators and Broadcasters. Founded in 2000 and led by CEO José Luis Vázquez, the Company prides itself on having spent almost 20 years as a pioneer in the Digital TV market. Mirada's core focus is on the ever-growing demand for TV Everywhere for which it offers a complete suite of end-to-end modular products across multiple devices, all with innovative state-of-the-art UI designs.

Mirada's products and solutions, acclaimed for unparalleled flexibility and optimal time to market, have been deployed by some of the biggest names in digital media and broadcasting including Televisa, Telefonica, Sky, Virgin Media, BBC, ITV and France Telecom. Headquartered in London, Mirada has commercial representation across Europe, Latin America and Southeast Asia and operates technology centres in the UK, Spain and Mexico. For more information, visit www.mirada.tv

About Indra

Indra is one of the leading global technology and consulting companies and the technological partner for core business operations of its customers world-wide. It is a world-leader in providing proprietary solutions in specific segments in Transport and Defence markets, and the leading firm in Digital Transformation Consultancy and Information Technologies in Spain and Latin America through its affiliate Minsait. Its business model is based on a comprehensive range of proprietary products, with a high-value focus and with a high innovation component. In the 2017 financial year, Indra achieved revenue of €3.011 billion, with 40,000 employees, a local presence in 46 countries and business operations in over 140 countries.