PTV Peertv

TIDMPTV

RNS Number : 0327F

PeerTV PLC

08 June 2012

8(th) 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

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