30 Nov 2018 13:21
St Peter Port Capital Limited ("the Company")
Update on Stream TV
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The Company has received copies of press releases issued by Stream TV Networks, Inc ("Stream TV") and by BOE, a major Chinese manufacturer of panels for TV and digital screens. The Company holds an interest in Stream TV through an investment in a holding company, Mediatainment, Inc.
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The press releases announce that BOE and Stream TV have finalised partnership arrangements, previously announced as heads of terms. The parties confirm that their strategy is to promote ultra-high definition displays, with one focus on 5G applications. They plan to promote 8K resolution screens and to deploy Stream's capabilities for 3D TV without glasses ("Ultra-D"), to popularise 4K and to replace 2K screens. They plan, in due course, to launch this technology for TV's, monitors, notebooks, tablets, mobile phones and commercial displays.
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BOE's digital panels using Stream's Ultra-D technology were shown to leading companies, who have expressed interest in releasing products using Ultra-D.
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The Company is not in a position to comment on whether the ambitious plans BOE and Stream TV have announced are likely to have a material impact on Stream TV's sales in the near term.
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For further information:
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St Peter Port Capital Limited
Lynn Bruce, Director
+44 (0) 1481 724 222
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Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett
Jamie Barklem
+44 (0) 20 7383 5100
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