Talon Resources Targets Ontario Gold Growth After AIM Move and Eagle Lake Acquisition, CEO Says. Watch here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPTV.L Regulatory News (PTV)

  • There is currently no data for PTV

Trading Statement

8 Jun 2012 16:06

RNS Number : 0327F
PeerTV PLC
08 June 2012
 



 

8th June 2012

 

PeerTV PLC

("PeerTV" or "the Company")

Trading Update

First sales of new Android box

PeerTV (AIM:PTV), a provider of technology solutions for the OTT (TV over the internet) has received the first firm order for its new Android set top box (STB), PeerDroid. The order, following the launch of the product in March at the IPTV show in London, is for a minimum value of $650,000 with an option to increase it to up to $1,500,000.

The STBs are scheduled to be delivered before year end. PeerTV had not initially expected orders of this magnitude for this new product before Q3 and no significant deliveries of the PeerDroid before Q1 2013. At the same time sales of the legacy products have been slower than the Company expected and the above mentioned contract partially replaces the order announced in February.

PeerDroid is a high definition STB allowing consumers to receive live HD TV channels as well as Video on Demand over the Internet. PeerDroid enables PeerTV customers to offer a highly extendable platform that in addition to delivering traditional TV services can now offer games, applications and Internet services in a cost effective manner, utilising third party developers and partners.

Moshe Bartov, CEO of PeerTV Ltd. commented: "This is an important and exciting milestone for PeerTV. We are proud that our team has managed to deliver in such a short time frame. PeerDroid availability comes just in time as during 2012 we have faced delays in existing orders and a significant decline in demand for our traditional Linux based set top boxes, including the ES550. Customers preferred to wait and evaluate the new Android STB with all its compelling advantages and this order signals the first of more to come."

 

Further enquiries:

PeerTV Plc

Leon Nahon, Chairman +972 974 07315

Libertas Capital Corporate Finance Limited

Thilo Hoffmann/Andrew McLennan +44 (0) 20 7569 9650

Rivington Street Corporate Finance

Jon Levinson/Eran Zucker +44 (0) 20 7562 3384

Bishopsgate Communications

Nick Rome/Sam Allen +44 (0) 20 7562 3350

peertv@bishopsgatecommunications.com 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTGMGGVKRKGZZM
Date   Source Headline
29th Jan 20167:00 amRNSCompany Update and Resignation of Nomad
28th Jan 20161:00 pmRNSHolding(s) in Company
28th Jan 20169:55 amRNSResignation of Director and Suspension of Shares
28th Jan 20168:10 amRNSSuspension - PeerTV Plc
27th Jan 20169:54 amRNSHolding(s) in Company
26th Jan 20164:30 pmRNSIssue of Equity
26th Jan 201612:30 pmRNSHolding(s) in Company
25th Jan 201610:58 amRNSResignation of CEO
22nd Jan 201610:12 amRNSHolding(s) in Company
20th Jan 20165:07 pmRNSHolding(s) in Company
18th Jan 20165:11 pmRNSIssue of Equity
18th Jan 201610:38 amRNSHolding(s) in Company
18th Jan 201610:36 amRNSHolding(s) in Company
18th Jan 201610:32 amRNSHolding(s) in Company
18th Jan 201610:29 amRNSHolding(s) in Company
18th Jan 201610:21 amRNSHolding(s) in Company
15th Jan 20164:40 pmRNSSecond Price Monitoring Extn
15th Jan 20164:35 pmRNSPrice Monitoring Extension
15th Jan 20169:25 amRNSHolding(s) in Company
14th Jan 201611:55 amRNSHolding(s) in Company
13th Jan 20165:50 pmRNSDirector Share Purchase
13th Jan 20161:49 pmRNSHolding(s) in Company
13th Jan 20161:46 pmRNSHolding(s) in Company
12th Jan 20164:16 pmRNSDigitek Loan Note Holders Meeting
4th Jan 20161:54 pmRNSLoan and Creditor Conversions
4th Jan 201612:24 pmRNSIssue of Equity and SEDA Advance Notice
4th Jan 201610:40 amRNSHolding(s) in Company
23rd Dec 20154:49 pmRNSOffer to Loan Noteholders of Digitek SMT
22nd Dec 20154:52 pmRNSHolding(s) in Company
16th Dec 20153:52 pmRNSHolding(s) in Company
16th Dec 20159:39 amRNSResult of the Digitek loan note holders meeting
15th Dec 20156:10 pmRNSDrawdown of Convertible loan note
15th Dec 20155:59 pmRNSIssue of Equity
15th Dec 20155:06 pmRNSHolding(s) in Company
15th Dec 201512:28 pmRNSHolding(s) in Company
15th Dec 201512:18 pmRNSHolding(s) in Company
15th Dec 201512:13 pmRNSHolding(s) in Company
15th Dec 201510:39 amRNSHolding(s) in Company
11th Dec 20154:04 pmRNSHolding(s) in Company
11th Dec 20153:09 pmRNSProposed director withdraws
11th Dec 20152:39 pmRNSIssue of Equity
10th Dec 20154:40 pmRNSHolding(s) in Company
10th Dec 20151:25 pmRNSAppointment of New Director
7th Dec 20159:55 amRNSTrial Order from New Customer
30th Nov 201510:08 amRNSOffer to Loan Noteholders of Digitek
11th Nov 20154:28 pmRNSHolding(s) in Company
11th Nov 201510:21 amRNSHolding(s) in Company
3rd Nov 20154:21 pmRNSIssue of Equity
3rd Nov 20153:10 pmRNSCorporate Update
3rd Nov 20157:00 amRNSResult of General Meeting

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.