Amino Technologies PLC
23 January 2006
FOR IMMEDIATE RELEASE 23 January 2006
AMINO TECHNOLOGIES PLC
ACQUISITION OF SJ CONSULTING FOR £1.3M
Amino Technologies plc ('Amino'; stock code: AMO), the Cambridge based broadband
network software and systems company, has acquired SJ Consulting Limited ('SJC')
for a total consideration of £1.3 million.
Based in Cambridge, England, SJC is a software company that has developed
advanced video codec products such as MPEG4 (H.264) and Windows Media/VC1. The
intellectual property for these codec products has been licensed and deployed in
an array of set top boxes for several customers including Amino. The company's
primary focus is in embedded systems design, particularly for advanced networked
equipment using technologies such as MPEG, ATM (Asynchronous Transfer Mode) and
wireless Ethernet. SJC also has considerable experience of video-on-demand
systems, having participated in the 'leading edge' Cambridge video-on-demand
trial.
In the view of Amino's Directors, the performance of SJC's decoding technology
is outstanding, enabling the delivery of high performance low-cost single chip
MPEG4 (H.264) set top boxes. It will become an important element of Amino's
proprietary IntAct IPTV software stack and will be made available to the market
under licence or pre-loaded on Amino's AmiNET series of IPTV set top boxes and
gateways.
In the year to 31 March 2005, SJC had a turnover of £504,000 and the profit
before tax was £166,000. Net assets at completion are expected to be
approximately £400,000, the bulk of which is represented by cash and
receivables.
An initial cash consideration of £800,000 is being paid on completion of the
acquisition and a total of 300,000 Amino ordinary shares will be allotted to the
vendors in three equal tranches on the 1st, 2nd and 3rd anniversaries.
Grant Masom, Chairman, commented:
'We believe SJC's technology is one of our industry's best kept secrets. Its
addition to our IntAct offering will add significantly to the value of Amino's
suite of IPTV software technologies. Amino is also adding a uniquely qualified,
experienced group of software and hardware engineers to what is already one of
the largest dedicated IPTV development teams.'
About Amino
Amino (www.aminocom.com) is a designer and supplier of electronic systems,
software and consultancy, specialising in applications for on-demand video, IPTV
(telco triple-play applications) and in-home multimedia distribution. Amino's
IntAct(TM) client-side system software provides users with the twin benefits of
low cost deployment and rapid time-to-market. The key to these benefits is a
software stack with a wide selection of pre-integrated third-party components.
Amino's own range of small, low cost, high functionality set-top boxes and
gateways incorporating its IntAct(TM) software is designed for consumer
applications in telecommunications and broadcast markets, as well as on-demand
systems for hotels and hospitality markets, healthcare, retail and education.
Amino also provides systems consultancy and partners with world-leading
companies in content aggregation, middleware, conditional access and head-end
systems.
CONTACTS
Amino Technologies: 01954-234100
Grant Masom, Chairman www.aminocom.com
Bob Giddy, Chief Executive
Stuart Darling, Finance Director
Bankside: 020-7367-8888
Steve Liebmann or Susan Scott
This information is provided by RNS
The company news service from the London Stock Exchange
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