China contract and alliance
Amino Technologies PLC
09 November 2006
FOR IMMEDIATE RELEASE 9 November 2006
AMINO TECHNOLOGIES PLC
PARTNERSHIP TO BUILD IP STBs WITH CHENGDU USEE
Amino Technologies plc ('Amino' or 'the Company'; stock code: AMO), the
Cambridge based broadband network software and systems company, announces that
it has entered into a Memorandum of Understanding ('MoU') with Chengdu USEE
Digital Technology Co. Ltd. ('USEE'), a broadband multimedia company based in
the People's Republic of China ('PRC').
Under the terms of the MoU, Amino and USEE plan to collaborate closely in
respect of development, production, marketing and sales to provide broadband
network added value services within the PRC. The agreement provides for the
progressive development of the relationship. Initial orders have been received
from USEE for 10,000 IP Multimedia Terminal Devices (set-top boxes) for delivery
in early 2007; significant additional orders for delivery during 2007 are
expected. These orders will start to contribute to revenue and profit in Amino's
2007 financial year.
Amino and USEE will also co-develop additional products incorporating Amino's
IntAct software stack in order to provide applications such as AVS (advanced
audio and video standard) codec technology, video telephone application (VTA),
VoIP, gaming, etc. The AVS codec technology will be developed by Amino using
software codec expertise gained from the acquisition of SJ Consulting last
January.
Bob Giddy, Amino's CEO said: 'We are pleased to collaborate with USEE, a highly
qualified partner with a valuable market presence within the PRC. This agreement
has great potential for further development and reflects the work Amino has been
doing within the PRC over the past two years.'
Mr Hai Tao, USEE's General Manager commented 'Amino has a unique experience with
worldwide deployments, proven technology and the most robust client software
available, that could be well integrated into USEE's platform to serve the
Chinese market.'
About USEE
USEE, based at the Chengdu High-Tech Technology Development District, is a
company focused on development, production, sales and marketing of broadband
multimedia terminal devices.
USEE targets the multimedia communication market undertaking high level
strategic development and fostering technology innovation, in order to provide
competitive products with a professional service.
USEE has a group of experts in areas of multimedia, communication and the
internet, with an open view to work with domestic and international partners to
reduce the development time of first class products. USEE's objective is to take
a leadership role as a new generation broadband multimedia device provider in
China by developing, introducing, and optimising advanced technology.
CONTACTS
Amino Technologies: 01954-234100
Grant Masom, Chairman www.aminocom.com
Bob Giddy, Chief Executive
Stuart Darling, Finance Director
Bankside:
Steve Liebmann 020-7367-8883
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
IntActTM 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 IntActTM 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.
This information is provided by RNS
The company news service from the London Stock Exchange