TIDMRAM
RNS Number : 6320R
RAM Active Media PLC
21 November 2012
RAM Active Media PLC
RAM ACTIVE MEDIA PLC
("RAM" or the "Company")
HEADS OF TERMS FOR 3D SCREEN TECHNOLOGY DISTRIBUTION SIGNED,
ISSUE OF EQUITY AND
TOTAL VOTING RIGHTS
21(st) November 2012
RAM ACTIVE MEDIA PLC ("RAM" or the "Company")
RAM announces the Heads of Terms for a Joint Venture with STREAM
TV NETWORKS Inc. ("Stream") owners of Ultra-D(TM), 3D without
glasses technology.
Stream Joint Venture
RAM, the investor in Digital out of Home ('DOOH') media,
communications and intellectual property, announces that it has
signed Heads of Terms to form a Joint Venture with Stream TV
Networks Inc, setting up a new company (NewCo). The primary focus
is the commercial B2B reseller rights across the UK's Digital out
of Home market sector of Stream's glasses free Ultra-D(TM) 3D
technology. The partnership understanding will also seek that the
NewCo looks at the wider commercial opportunities of Ultra-D(TM)
across Europe and other territories going forward in its
relationship.
Stream is a Philadelphia-based media company focused on the
enhancement of entertainment and communications experiences through
technology. The Company is the owner of Ultra-D(TM), 3D without
glasses technology and has previously announced two strategic
partnerships with Hisense Electric Company, Ltd, a premier TV
manufacturer in China and among the fastest growing TV brands
Worldwide and Pegatron, a premier ODM/OEM of multiple industry
leading technology products including TVs, Playstation, iPhones and
iPads.
The current Digital Out Of Home (DOOH) in the UK is worth GBP2.6
billion, a 12.6% year on year increase. The RAM Board believes that
the digital signage market sector will be replaced by
Auto-stereoscopic screens (3D without Glasses). The Stream
Ultra-D(TM) technology will be adopted by RAM in all viable retail
and B2B destinations. According to industry research by NPD
DisplaySearch, the global market forecasts for shipped 3D screens
will be over 65 million units in 2013 and approximately 91 million
units in 2014. The UK and European markets will account for 15
million and 20 million respectively. 3D screen penetration is
forecast at 80% of total shipped screen (including 2D) units by
2015.
The Board believes the Joint Venture is well positioned to
exploit the new Ultra D technology and achieve a dominant market
share.
Raja Rajan, COO of Stream TV Networks stated:
"The RAM Team has impressed us with its vision and foresight for
RAM and we are keen to exploit the many possibilities that the new
JV could realise. We anticipate RAM will use our 3D technology on
TVs to expand their network even further by introducing the Ultra-D
3D without glasses."
Richard Prosser, CEO of RAM commented:
"The Ultra-D technology is one we expect will become the
standard for 3D TVs without glasses. We believe the technology will
become dominant in both the consumer and business advertising
markets and we are very pleased to be integral in the role out and
distribution of the technology throughout the United Kingdom and
exploring business channels in Europe and other territories."
Investment in Stream and Issue of Equity
As part or the transaction RAM will also invest directly into
Stream. RAM will invest up to GBP3.3 million into Stream in cash.
Additionally, as a first step, RAM will allot 23,581,522 new
Ordinary Shares of 1p each at a price of 1p per Ordinary Share (5%
of outstanding shares) to Stream. In order to facilitate the
investment and strengthen the working capital position of the
Company, RAM will seek to raise up to GBP4 million in new funds.
This funding will require and be subject to the approval of
shareholders at a general meeting, the notice for which will be
posted today. Please refer to the separate announcement regarding
the notice and resolutions of the general meeting.
Application will be made for 23,581,522 new Ordinary Shares in
RAM, which, when issued will rank pari passu with the existing
Ordinary Shares in issue and application will be made for such new
Ordinary Shares to be admitted to trading on AIM. This is expected
to be on or about 27 November 2012.
Following the issue, the enlarged share capital of the Company
will be 495,211,974 Ordinary Shares.
Total Voting Rights
The above figure of 495,211,974 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the Financial Service Authority's Disclosure and
Transparency Rules.
RAM Active Media plc
Richard Prosser 0207 518 4303
Libertas Capital Corporate
Finance Limited
Sandy Jamieson, Thilo Hoffman 0207 569 9650
Lothbury Financial Services
Michael Padley/ Chris Roberts 0207 440 7620
Notes to the Editor
RAM Active Media PLC
RAM Active Media has three wholly owned subsidiaries, RAM Vision
Ltd, RAM Interactive Ltd and RAM Trains Ltd. The Company also has a
joint venture arrangement in TrainFX ltd.
RAM Vision operates digital out of home media advertising sales
and content provision and is the largest landscape screen
broadcaster in shopping malls within the UK with an aggregate
annual footfall circa 670m. RAM Vision has considerable expertise
in the sourcing and installation of large LED screens and currently
has an estate of 30 large Iconic Screens and circa 325 walkway
screens. The strategy is to continue to develop its portfolio by
identifying premium retail sites which will commercially benefit
from these installations.
RAM Interactive invests in proven technology and acquires the
distribution rights to effective advertising mediums that allow it
to cross into new market sectors. RAM Interactive will continue to
explore the adoption and exploitation of 3D technology and pursue
the integration of this technology across it existing
portfolio.
RAM Trains - TrainFX has a portfolio of products that enhance
passenger information and transport communications predominately in
the railway market sector. RAM Trains and CETEC Europe Limited have
formed a joint venture giving TrainFX access to markets worldwide,
including India and China. UK clients include First Great Western,
First Capital Connect and LNWR.
Websites:
http://www.ramactivemedia.com
http://www.ramvision.com
http://wwwtrainfx.com
STREAM TV NETWORKS, Inc
Stream TV Networks, which is based in Philadelphia, has
developed a patented 3D technology, 3D Ultra-D(TM). This allows
manufacturers to view all their 2D products into 3D. 3D Ultra-D(TM)
does not restrict viewing angles, affect resolution or brightness
and is applicable to all screen sizes. There is no need for 3D
glasses and the technology can be applied to all screen
technologies eg TVs, Laptops, PCs, Smartphone's. The Company's
mission is to redefine "new media" so that it reaches its true
dynamic potential and real-time interactive relationship with the
media consumer.
Stream TV Networks and related Websites:
http://streamtvnetworks.com/
http://www.ultra-d.com/
Video:
http://www.youtube.com/watch?v=a1SxxP_Vypw
http://www.bnettv.com/stream-tv-networks-mathu-rajan/
http://www.youtube.com/watch?v=iI1UERO2R5I
http://www.youtube.com/watch?v=sL_A7LTUH_Y
News Coverage:
http://www.prnewswire.com/news-releases/stream-tv-networks-makes-major-tech-announcement-at-ifa-2012-show-in-ber
lin-168352786.html
http://asia.cnet.com/ultra-d-product-roadmap-revealed-62218529.htm
http://www.3dfocus.co.uk/glasses-free-3d-2/ultra-d-3d-tvs-in-uk-early-next-year/10837
http://www.3dtv.com/news/3D-Goes-Ultra-Stream-TV-Networks-Ultra-D-That-Is
http://geek-news.mtv.com/2012/01/20/ces-2012-ultra-d-does-glasses-free-3d-better-than-the-rest/
http://www.3dfocus.co.uk/glasses-free-3d-2/stream-tv-on-target-to-launch-consumer-glasses-free-3d-tv/9443
http://finance.yahoo.com/news/stream-tv-networks-wins-3d-140200529.html
http://www.3dfocus.co.uk/3d-news-2/can-and-ram-open-doors-to-showcase-4k-glasses-free-tech/11023
http://www.huffingtonpost.com/robert-j-elisberg/the-writers-workbench-ifa_b_1932354.html
"....But there's an "on the other hand." It's 3D-TV without
glasses. One of my very favourite, little-known companies is Stream
TV Networks, which has developed a technology called Ultra-D. I
came across them two years ago by accident, when they were
promoting tablets at CES. But even then, they were already making
3D-TV without glasses that actually worked. Their technology got
seriously better last year - striking quality that could be viewed
from a wide range around a room...and could convert normal 2D-TV
broadcasts into 3D - in real-time, as you watch, with little
degradation of quality.
No other glassless 3D TV I've seen comes anywhere
close....."
This information is provided by RNS
The company news service from the London Stock Exchange
END
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