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
9th Apr 20159:44 amRNSHolding(s) in Company
8th Apr 20154:52 pmRNSHolding(s) in Company
2nd Apr 20154:18 pmRNSHolding(s) in Company
1st Apr 20156:10 pmRNSTotal Voting Rights
1st Apr 20153:41 pmRNSIssue of Equity
31st Mar 201510:02 amRNSHolding(s) in Company
30th Mar 20152:34 pmRNSStatement re Upgrade of Set Top Box Product
26th Mar 20159:58 amRNSHolding(s) in Company
23rd Mar 20151:05 pmRNSIssue of Equity
16th Mar 20153:14 pmRNSHolding(s) in Company
16th Mar 201512:11 pmRNSHolding(s) in Company
16th Mar 201511:12 amRNSIssue of Equity
23rd Feb 20159:35 amRNSIssue of Equity
10th Feb 20151:53 pmRNSConvertible Note Agreement
4th Feb 20157:00 amRNSChange of Notifiable Interest
3rd Feb 20151:04 pmRNSNew Assembly Line and Issue of Shares
27th Jan 20157:01 amRNSIssue of Equity
22nd Jan 20151:58 pmRNSIssue of Shares
13th Jan 201511:00 amRNSCooperation Agreement and Issue of Shares
12th Jan 20154:35 pmRNSPrice Monitoring Extension
8th Jan 201511:07 amRNSConfirmed Purchase Order from Polsky TV
22nd Dec 201411:15 amRNSLoan Note Conversion and Issue of Equity
19th Dec 20147:00 amRNSYear End Trading Statement
15th Dec 20142:59 pmRNSIssue of Equity - Replacement
15th Dec 20141:55 pmRNSIssue of Equity
12th Dec 201412:20 pmRNSChange of Adviser
10th Dec 20144:50 pmRNSIssue of Equity - Replacement
10th Dec 20143:52 pmRNSIssue of Equity
4th Dec 20144:15 pmRNSIssue of Equity
2nd Dec 20149:33 amRNSCompletion of share re-organisation
1st Dec 20144:39 pmRNSResult of GM
28th Nov 201411:21 amRNSTotal Voting Rights
19th Nov 20144:30 pmRNSNotice of General Meeting and Issue of Equity
13th Nov 20147:00 amRNSFurther re Conditional Purchase Order
5th Nov 20148:41 amRNSIssue of Equity
31st Oct 20149:08 amRNSTotal Voting Rights
28th Oct 20144:00 pmRNSIssue of Equity
15th Oct 20147:00 amRNSLoan Note Conversion and Issue of Equity
2nd Oct 20141:59 pmRNSIssue of Equity
30th Sep 20149:45 amRNSInterim Results
17th Sep 20147:00 amRNSTrading Update and Revolving Line of Credit
8th Sep 20147:00 amRNSFurther Regarding Result of General Meeting
5th Sep 201410:17 amRNSResult of General Meeting
3rd Sep 201411:50 amRNSChange in Directorate
29th Aug 20145:11 pmRNSTotal Voting Rights
28th Aug 20149:48 amRNSPurchase of Equipment & Update Re: Distributor
21st Aug 20147:00 amRNSNotice of General Meeting and Share Reorganisation
15th Aug 20144:53 pmRNSHolding(s) in Company
11th Aug 201410:40 amRNSPeerTV cracks high efficiency video coding for OTT
8th Aug 201410:48 amRNSIssue of Equity

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.