Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPrimorus Inv. Regulatory News (PRIM)

Share Price Information for Primorus Inv. (PRIM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 4.25
Bid: 4.00
Ask: 4.50
Change: 0.00 (0.00%)
Spread: 0.50 (12.50%)
Open: 4.25
High: 4.25
Low: 4.25
Prev. Close: 4.25
PRIM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

StreamTV Investor Update

8 Nov 2018 07:00

RNS Number : 7113G
Primorus Investments PLC
08 November 2018
 

Primorus Investments plc

("Primorus" or the "Company")

StreamTV Investor Update Received

 

Primorus Investments plc (AIM: PRIM, NEX: PRIM) is pleased to provide shareholders with an update on its investment in Stream TV Networks ("StreamTV") by way of an investor update received by Primorus from StreamTV. Primorus has invested US$200,000 with attaching free 2 for 1 warrants. Through its wholly-owned research subsidiary, SeeCubic B.V., StreamTV has developed breakthrough glasses-free 3D display technology launched under the trade name Ultra-D.

 

This update follows on from information provided in the Primorus Q3 Report and is in advance of the Ultra-D global launch in Beijing. Please note that much of the specific content of the StreamTV Quarter 3 Report is deemed commercial in confidence however Stream have kindly allowed us to transmit some of the information for the benefit of Primorus shareholders.

 

Highlights:

· Beijing Optical and Electrical ("BOE"), the world's largest flat panel manufacturer, to finance the Ultra-D product supply chain initially focusing on large panel 8K televisions and PC Monitors as well as 4K tablets and smart phones.

 

· Product planning and brand engagement in conjunction with BOE has commenced for over a dozen of the world's largest panel consumers and technology vendors from Korea, Japan, China and the United States.

 

· Subject to financing, StreamTV expects significant volumes of 65" TV's and 27" PC Monitors to begin entering the market in Q2 2019.

 

· In the globally significant Computer Gaming market a majority of the top 20 gaming content producers are ready to integrate on the software side immediately and work on the first hardware device with a large global player has commenced.

 

· Following recent meetings and demonstrations, many Hollywood and Asian film studios have expressed interest in applying the Ultra-D software technology to their existing and future content libraries.

 

Alastair Clayton, Executive Director, commented:

"It is very exciting for shareholders to start to see the huge potential of the Ultra-D product begin to coalesce into a credible commercialisation strategy that should see the technology as a standard feature in TV displays and hand-held devices which we expect will commence from Q2 2019. Through its agreement with BOE, StreamTV has now secured the massive supply chain needed to bring this exciting technology to consumers globally from 2019.

As mentioned we are limited in the specifics of what we can say in terms of naming many of the prospective panel and technology vendors who are in discussions regarding numbers of product pre-orders and other technology tie-ups however it is fair to say that many household names in televisions, monitors, laptops, smartphones and tablets are represented at some level.

Much of the delivery timetable discussed is contingent on successful completion of the current funding round however given the level of industry interest in the products we are confident the funding round will be completed in the near-term. As mentioned previously, we expect to be able to provide shareholders with information regarding the upcoming global product launch with BOE in Beijing in the coming weeks.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

Primorus Investments plc:

+44 (0) 20 7440 0640

Alastair Clayton

Nominated Adviser:

+44 (0) 20 7213 0880

Cairn Financial Advisers LLP

James Caithie / Sandy Jamieson

Broker:

+44 (0) 20 3621 4120

Turner Pope Investments

Andy Thacker

 

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.
 
END
 
 
UPDBVLBBVFFLFBD
Date   Source Headline
15th Apr 20247:00 amRNSInvestee Company Update – Engage Technology
25th Mar 20247:00 amRNSHolding(s) in Company
25th Mar 20247:00 amRNSHolding(s) in Company
19th Mar 20242:45 pmRNSFurther re Dividend Declaration
11th Mar 20244:51 pmRNSDividend Declaration
8th Mar 202411:49 amRNSFurther Investment in Fresho Pty Ltd
27th Feb 20247:00 amRNSHolding(s) in Company
22nd Feb 20247:00 amRNSInvestee Company Update – Payapps Limited
2nd Feb 20243:26 pmRNSHolding(s) in Company
26th Jan 20247:00 amRNSInvestee Company Update – Payapps Limited
11th Oct 20239:59 amRNSDirector/PDMR Shareholding
28th Sep 20235:27 pmRNSDirector/PDMR Shareholding
19th Sep 20234:50 pmRNSHolding(s) in Company
15th Sep 20237:41 amRNSFurther re Investment in Interpac & Bushveld CLN
18th Aug 20233:12 pmRNSHalf-year Report
15th Aug 202312:06 pmRNSResult of AGM
2nd Aug 202310:25 amRNSAlteration Earth - Investment Update
20th Jul 20237:00 amRNSNotice of AGM
14th Jul 20234:00 pmRNSBushveld Convertible Loan Note Update
20th Jun 20237:00 amRNSConsent to Electronic Communication
16th Jun 20233:18 pmRNSFinal Results
16th Mar 20232:50 pmRNSDirector/PDMR Shareholding
19th Jan 20233:25 pmRNSHolding(s) in Company
19th Jan 20233:23 pmRNSDirector/PDMR Shareholding
8th Dec 20227:01 amRNSHolding(s) in Company
8th Dec 20227:00 amRNSDirector/PDMR Shareholding
2nd Dec 20227:00 amRNSDirector/PDMR Shareholding
29th Nov 202211:05 amRNSSecond Price Monitoring Extn
29th Nov 202211:00 amRNSPrice Monitoring Extension
13th Sep 20223:50 pmRNSInvestment in Interpac Ltd
2nd Sep 20222:00 pmRNSHalf-year Report
1st Jul 20228:23 amRNSInvestment Update
30th Jun 202210:43 amRNSResult of AGM
10th Jun 20223:00 pmRNSFinal Results
6th Jun 202211:39 amRNSUpdate on Alteration Earth PLC Investment
31st May 20223:58 pmRNSNotice of AGM
4th May 202212:33 pmRNSUpdate on Alteration Earth PLC Investment
5th Apr 20227:00 amRNSUpdate on Alteration Earth PLC Investment
30th Mar 20228:12 amRNSDirector/PDMR Shareholding
29th Mar 20227:00 amRNSFurther re Investment in Mustang
17th Mar 20224:12 pmRNSFurther Investment in Rambler Metals & Mining PLC
16th Mar 20221:05 pmRNSCancellation of Share Options
8th Mar 202210:48 amRNSUpdate on Alteration Earth PLC Investment
28th Feb 20224:45 pmRNSFurther re Investment in Mustang
16th Feb 20227:00 amRNSGeneral Update & Clean Power Hydrogen Investment
3rd Feb 20227:00 amRNSInvestment in Rambler Metals & Mining PLC
31st Jan 202210:54 amRNSAlteration Earth Update
19th Jan 20228:01 amRNSFurther re Investment in Mustang
24th Dec 202110:11 amRNSAlteration Earth update
21st Dec 20217:00 amRNSUpdate on Mustang Energy Investment

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.