Mirada Surpasses 1m Android TV Operator Tier STBs

RNS Number : 1951T

Mirada PLC

23 November 2021

 

23 November 2021

Reach - non-regulatory announcement

Mirada plc

("Mirada", "the Company" or "the Group")

Mirada surpasses deployment of one million set-top boxes powered by its Android TV Operator Tier offering

Mirada (AIM: MIRA), a leading provider of integrated software solutions for digital TV operators and broadcasters, announces that across its customer base it has surpassed the deployment of one million set-top boxes ("STB") powered by its Android TV Operator Tier offering.

Android TV is fast becoming the platform of choice for operators. It offers superior functionality, with an app store, voice control, personalised recommendations and a user interface that puts content first. It also grants operators and service providers the ability to easily layer on their own branding.

Using statistics published by technology research firm Omdia, Mirada STBs now constitute approximately 5% of the expected 20 million global Android TV Operator Tier STB installed base in 2021. Omdia forecasts that 50 million Android TV Operator Tier STBs will be in use in 2024, with Mirada confident of continuing to consolidate its market share.

José-Luis Vázquez, CEO of Mirada, commented: "To have rolled out our Android TV Operator Tier set-top boxes at a rate of circa 17,000 per week despite the global chipset shortage and installation challenges posed by the pandemic is both a great achievement and strong validation of our decision to back this technology.

Android TV is now seen as the gold standard in the industry, and having established ourselves as one of the world's preeminent providers, we are incredibly excited about the growth opportunities that lie ahead with both existing and prospective customers as market conditions continue to normalise."

Contacts
Mirada plc	[phone]
José-Luis Vázquez, Chief Executive Officer	[e-mail]
Gonzalo Babío, Finance Director
Allenby Capital Limited (Nominated Adviser & Broker)	[phone]
Jeremy Porter/Liz Kirchner (Corporate Finance)
Jos Pinnington (Sales and Corporate Broking)
Alma PR (Financial PR Adviser)	[phone]
David Ison	[e-mail]
Andy Bryant
Matthew Young

About Mirada

Mirada is a leading provider of products and services for Digital TV Operators and Broadcasters. Founded in 2000 and led by CEO José Luis Vázquez, the Company prides itself on having spent over 20 years as a pioneer in the Digital TV market. Mirada's core focus is on the ever-growing demand for TV Everywhere for which it offers a complete suite of end-to-end modular products across multiple devices, all with innovative state-of-the-art UI designs. Mirada's products and solutions, acclaimed for unparalleled flexibility and optimal time to market, have been deployed by some of the biggest names in digital media and broadcasting including Televisa, ATN International, Telefonica, Sky, Virgin Media, BBC, ITV, Skytel and France Telecom Orange. Headquartered in London, Mirada has commercial representation across Europe, Latin America and Southeast Asia and operates technology centres in the UK, Spain and Mexico. For more information, visit www.mirada.tv.

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