Atos in South Africa moving to next stage

RNS Number : 7086Q

Forbidden Technologies PLC

01 December 2016

 

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR)

1 December 2016

Forbidden Technologies plc

("Forbidden" or the "Company")

Atos in South Africa moving to next stage

Forbidden Technologies plc (AIM: FBT), the AIM-quoted market-leading cloud video platform owner of Forscene, announces that Atos Origin South Africa (Pty) Ltd (Atos) is moving onto the next stage of its use of Forscene. This follows on from the 'First South African public sector sale' announcement published 11 March 2016.

Atos is using the Company's Forscene video platform to support up to 500 students, to be trained in video editing in line with the existing Atos training programme.  At the end of their training programme, Atos will select up to 50 students for work experience to be guided by a Forbidden tutor.

This will result in a material amount being added to Forbidden's invoiced sales for the current year.  The invoiced income is expected to be recognised in the Company's income statement next year.

Aziz Musa, CEO of Forbidden, said:

"Video editing in the cloud is the future.  Our Forscene platform is a leading provider of cloud based video solutions. This is a visionary government educational initiative to educate students with future orientated technologies to build video production capabilities in South Africa."

Enquiries:

Forbidden Technologies plc
Aziz Musa, CEO

Tel: [phone]

Allenby Capital Limited (Nominated Adviser and Broker)
Nick Naylor, John Depasquale, Richard Short, Katrina Perez

Tel: [phone]

Redleaf Communications (Financial PR)
Rebecca Sanders-Hewett, David Ison, Susie Hudson

Tel: [phone]

Email: [e-mail]

About Forbidden Technologies plc

Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.

The Company develops and markets a powerful cloud video platform with multiple applications which can be used by rights holders, broadcasters, sports and news video specialists, post-production houses, other mass market digital video channels, corporates and consumers. The platform applications help customers improve their time to market on time sensitive content, and efficiently exploit the full value of their content.

Websites
www.forbidden.co.uk

www.forscene.com

www.eva.co

www.captevate.com

Social media
www.facebook.com/FORscene

www.plus.google.com/+Forscenepro/posts

www.linkedin.com/company/forscene

www.twitter.com/forscenepro

www.youtube.com/user/ForsceneTraining

 

END

 

 

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