Amino Technologies : and 24i to evolve Youfone's TV offering

RNS Reach Story
Go to market news section
Amino Technologies PLC - AMO Amino and 24i to evolve Youfone's TV offering Released 07:00 09-Dec-2019

RNS Number : 1250W

Amino Technologies PLC

09 December 2019

9 December 2019

AMINO TECHNOLOGIES PLC

('Amino', the 'Company' or the 'Group')

Amino and 24i to evolve Youfone's TV offering

Fully integrated, end to end video solution enables the Dutch mobile network operator to provide a truly next-generation TV service

Amino, the technology provider for modern TV experiences, announces that Amino and 24i, the Group's global video experience business, have entered into an agreement with the Dutch MVNO Youfone to provide a fully-integrated, end-to-end video solution to refresh and expand its TV and OTT offering. This is the first joint Amino and 24i customer agreement since Amino acquired 24i in July 2019.

The Dutch TV challenger launched its TV services in 2017 and will now rely on 24i and Amino to create a next-generation viewing experience to meet and exceed the increasing demands of modern TV consumers. Youfone will deploy an end-to-end solution that combines Amino's IPTV and TV Everywhere expertise with 24i's leadership in video experience design and application development. 24i became an Amino group company in July 2019 and Youfone is the first joint-solution deployment to be announced. The Amino and 24i solution is expected to be live at Youfone in Q2 2020.

The solution will combine 24i's Smart Video and Smart App video experience products as well as Amino's Amigo 7x Android STBs running on AminoOS, all managed through ENGAGE, Amino's cloud-based service management platform. The deployment will provide transcoding, middleware, CDN and front-end applications for Android, iOS phones and tablets enabling live TV, catchup, restart and nPVR of approximately 100 channels.

'We are on a mission to challenge how TV services in the Netherlands are delivered by providing our customers with the most extensive and flexible viewing options combined with state-of-the-art features,' said Valentijn Rensing, CEO of Youfone. 'We are excited to be the first company to benefit from the combined offering from Amino and 24i which enables us to take our TV and video experiences to the next level.'

'The expertise of the 24i and Amino teams combined with our joint technology solutions gives Youfone the competitive advantage of being able to adapt, grow and manage their TV and video services from one, dynamic platform,' Donald McGarva, Amino Group Chief Executive Officer. 'Today's announcement also marks a major milestone for the Amino and 24i teams as we celebrate our first joint customer deployment since the two companies came together earlier this year.'

For further information please contact:

Amino Technologies PLC	[phone]
Donald McGarva, Chief Executive Officer Mark Carlisle, Chief Financial Officer
finnCap Ltd (NOMAD and Broker)	[phone]
Matt Goode / Carl Holmes / Simon Hicks (Corporate Finance) Tim Redfern / Richard Chambers (Equity Capital Markets)
FTI Consulting (Financial communications)	[phone]
Jamie Ricketts / Chris Birt / Gregory Hynes

About Amino Technologies plc

Amino Technologies plc is a new breed of Media Tech business, focused on enabling operators to meet the challenge of the rapidly converging worlds of broadcast and next-generation streaming services. We believe the operators that will succeed will be those that allow consumers to control how, when and where they 'watch TV' and consume video. The smart operator will enable each consumer to define what TV means to them.

It's our mission to anticipate the technological and consumer behavioral trends so that we can keep on creating the solutions that enable operators and media companies to drive growth in engagement and profitability while embracing the inevitable disruption to the video market.

The Group meets these challenges through combining its award-winning IP/cloud platforms and deep deployment expertise to create solutions that enable our customers to design and deliver innovative and profitable next-generation video experiences.

Amino Technologies plc consists of two operating companies providing transformational media experiences: Amino Communications,with TV-centric solutions and 24i,focused on streaming and OTT experiences.

Since foundation, Amino Technologies has been committed to the power of IP and how it transforms the TV experience. Our commitment is to harness the most relevant technologies and actionable data to continually create the very best video platforms and experiences.

24i and Amino Communications are wholly-owned subsidiaries of Amino Technologies PLC which is listed on the London Stock Exchange Alternative Investment Market (AIM: symbol AMO), headquartered in Cambridge, Amino has offices in New York, Los Angeles, San Francisco, Amsterdam, Helsinki, Madrid, Porto, Brno and Hong Kong. For more details, visitwww.Aminocom.com

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 [e-mail] or visit www.rns.com.

END

NRAFSMEFAFUSEEE

Close

London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

©2014London Stock Exchange plc. All rights reserved

Amino and 24i to evolve Youfone's TV offering - RNS