TIDMMIRA
RNS Number : 9090S
Mirada PLC
06 October 2017
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the
publication of this announcement via a Regulatory Information
Service, this inside information is now considered to be in the
public domain.
6 October 2017
Mirada plc
("Mirada" or the "Company")
New Contract Win
New Contract Win with Digital TV Cable Edmund S.R.L. for
Mirada's Iris Ecosystem
Mirada plc (AIM: MIRA), a leading provider of integrated
software solutions for digital TV operators and broadcasters, is
delighted to announce a new contract win for its Iris multiscreen
solution.
The five year contract is with Digital TV Cable Edmund S.R.L.
("Digital TV Cable"), a Bolivian pay TV operator and broadband
services provider based in Santa Cruz, Bolivia. Under this
significant contract, Mirada will deploy its entire suite of Iris
multiscreen products, including its over-the-top ("OTT") platform
and back-end application, Iris SDP, across Digital TV Cable's
network. A gradual roll-out is planned over five years, with a
target of up to nearly one million devices.
This project will utilise Mirada's entire Iris multiscreen
solution, which will enable subscribers to view live, catch-up and
on-demand content across IPTV/OTT set-top boxes, smartphones,
tablets, smart TVs and personal computers, all working seamlessly
through Mirada's Inspire user interface. Digital TV Cable's
customers will also benefit from many cutting-edge features,
including multiscreen viewing, exclusive content discovery tools,
the ability to pause viewing on one device and resume viewing on
another and much more, all managed by Mirada's powerful back-end
platform, Iris SDP.
According to reports from Pyramid Research and Marktforschung,
Bolivia is the fastest-growing telecoms market in Latin America
with total telecom revenues expected to reach US$1.5 billion in
2019. With Bolivia's pay TV household penetration rate predicted to
grow from 10.9% in 2014 to 27.1% by 2019, this project will see
Mirada entering into a new and highly promising market.
This contract will be based on Mirada's new Software as a
Service (SaaS) model, which is structured so that the Company will
receive long-term recurring revenue streams. In addition to initial
set-up fees, Mirada will also receive monthly revenues from
subscriber-based license fees and the potential ongoing deployment
of new features and services.
José Luis Vázquez, CEO of Mirada plc, commented: "We are
delighted to announce our project with Digital TV Cable in Bolivia
for our Iris multiscreen solution. This represents the second new
contract win for Mirada in less than two months and demonstrates
the successful conversion of Mirada's extensive pipeline of
opportunities for our powerful multiscreen product, which has been
growing its number of first-class reference deployments over the
last few years. We look forward to providing Digital TV Cable's
subscribers with the ultimate viewing experience, while also
further consolidating our presence in the fast-growing Latin
American market."
Elio Montes, CEO of Digital TV Cable, commented: "We are very
pleased to start working with Mirada as our partner. We are certain
that having Mirada on board for solutions for consumer interaction,
with content and services, will make a real difference to our
digital users."
Enquiries:
Mirada plc +44 (0) 20 3751 0320
José Luis Vázquez, Chief Executive Officer investors@mirada.tv
Newgate Communications +44 (0) 20 7653 9850
Bob Huxford mirada@newgatecomms.com
James Browne
Allenby Capital Limited +44 (0) 20 3328 5656
(AIM Nominated Adviser and Broker)
Jeremy Porter / Alex Brearley / Liz Kirchner
About Mirada
Mirada creates and manages products and services for digital TV
operators and broadcasters. With almost 20 years of experience, the
Company focuses on the future of Digital TV - multiscreen cross -
platform navigation - anytime, anywhere. It offers a complete suite
of end-to-end modular products for set-top boxes, PC, smartphones
and tablets, all with innovative state-of-the-art user interface
designs.
Mirada's products and solutions have been deployed by some of
the biggest names in digital media and broadcasting including
Televisa, Telefonica, Sky, Virgin Media, BBC, ITV and France
Telecom. Headquartered in London, Mirada has commercial
representation across Europe, Latin America and Southeast Asia and
operates technology centres in the UK and Spain.
For more information, visit www.mirada.tv.
About Digital TV Cable
Digital TV Cable is a cable and satellite company which provides
TV and broadband services to the area of Santa Cruz de la Sierra in
Bolivia. Digital TV Cable is currently deploying a Fibre to the
Home (FTTH) network with the view to offering OTT and IPTV services
to customers nationwide in the near future.
For more information, visit digital.com.bo/site/
Technical Glossary
Over-the-top (OTT): Delivery of TV content via the internet,
without requiring users to subscribe to a traditional cable or
satellite pay TV service. Traditional pay TV operators incorporate
OTT services into their commercial offering in order to compete
with pure OTT services, such as Netflix, Hulu or Amazon Prime
Video.
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTGUBDGDSGBGRL
(END) Dow Jones Newswires
October 06, 2017 02:00 ET (06:00 GMT)
Mirada (LSE:MIRA)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Mirada (LSE:MIRA)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024