PTV Peertv

TIDMPTV

RNS Number : 6560B

PeerTV PLC

08 January 2015

PeerTV PLC

("PeerTV" or the "Company")

Confirmed Purchase Order from Polsky TV

PeerTV plc (AIM:PTV), a provider of technology solutions for the OTT (TV over the internet) market, and PCB (printed circuit board) production solutions announces that it has received an order from PolskyTV to purchase Set Top Boxes ("STB") for a total consideration of $490,000 (the "Purchase Order").

The Company will supply PolskyTV with its next generation set top box using H265 HEVC (High Efficiency Video Coding) technology to deliver TV over the internet. The new technology means that content can be streamed via the PeerTV STB using less than 50% of the bandwidth previously required for the H264 technology with improved transmission quality.

The first half of the Purchase Order is scheduled for delivery by the end of March 2015 and the second half is scheduled for delivery in June 2015. Prior to delivery, PeerTV will develop remote management for the STB.

Operating in several countries, PolskyTV is an example of a new breed of ethnic TV service providers which have spotted significant opportunities for monetizing the TV viewing habits of expatriate communities around the world by using the internet to reach an audience known to be hungry for on demand ethnic TV content. It recently launched in the UK, targeting an estimated market of over 600,000 Polish speakers. Its UK broadcasting network offers over 30 channels, including Polish public television channels, entertainment channels and popular music, as well as children's channels, sports amongst others.

Further enquiries:

PeerTV Plc

Eitan Yanuv, Chairman

Tel: +972 974 07315

ZAI Corporate Finance Limited

Ray Zimmerman / Richard Morrison

Tel: +44 20 7060 2220

This information is provided by RNS

The company news service from the London Stock Exchange

END

STREAFFPEESSEFF

Peertv (LSE:PTV)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024

Peertv (LSE:PTV)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024