16 Jan 2014 07:00
Motive Technology Deployment exceeds expectations in Turkey
Rollout of Set Top Boxes containing Motive technology ahead of plan
London 16 January 2014: Motive Television ("Motive" or "Company") has been informed by Digiturk, the largest satellite broadcaster in Turkey with over 2.5 million subscribers, that during 2013 approximately 115,000 set-top boxes containing Motive's technology were provided to subscriber homes. Motive was also advised that a similar figure is anticipated for the year 2014.
This exceeds the estimates given by Motive on 29 May 2013 when it announced that "although it cannot predict the eventual number of Digiturk subscribers who may take up the Company's technology in the next two to three years, the Company conservatively estimated that at least 100,000 of Digiturk's subscribers would receive set-top boxes with Motive's technology". Motive receives license fees royalties based upon the number of set-top boxes manufactured that are enabled with Motive's technology payable twice yearly based on shipments for the past six months.
These better than predicted sales are expected to contribute to the Company's revenue for the year ended 31 December 2013 being at least as high as the revenue generated in 2012.
Leonard M Fertig, CEO of Motive commented, "Today's figures indicate that this prior estimate will be exceeded and this is evidence of success and rapid acceptance of the product. Motive continues to work with Digiturk to support and further develop its services."
Enquiries:
Motive Television plc Michael Pilsworth, Chairman Leonard M Fertig, CEO
| T: +44 20 7025 8425
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Sanlam Securities UK (Nominated Adviser) Simon Clements / Virginia Bull
| T: +44 20 7628 2200
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XCAP Securities (Broker) Jon Belliss
| T: +44 20 7101 7070 |
Newgate Communications Jason Nisse/Stephanie Dobbs
Media PR Europe Gerry Buckland
Brainerd Communicators Chris Plunkett / Mike Smargiassi
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T: +44 20 7680 6559
T: +44 7774 860011
T: +1 212 986 6667
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Notes to Editors
Motive Television is the developer and integrator of innovative patented software solutions for the television industry that enable our clients to offer on-demand content over any network to any device. We have the knowhow and ability to customize our software to work with existing networks, saving our clients substantial expenditures. Our customers are broadcasters, satellite platforms, cable operators, and telecoms.
Granite Broadcasting Corporation is a market-leading owner of local media properties in the U.S. The company's operations include broadcast TV stations, local cable TV channels, and local online and mobile media properties. Television network partners include Fox, NBC, CBS, ABC, The CW and My Network TV. Granite's local media operations are characterized by innovative, best of breed management and market leading franchises.