Contract win

RNS Number : 4950S

Amino Technologies PLC

12 March 2019

 

12 March 2019

Amino Technologies plc

("Amino" or "the Company" or "the Group")

Contract win

Amino Technologies plc (LSE AIM: AMO), the global provider of media and entertainment technology solutions to network operators, announces that it has been selected by US telecommunications provider Waverly Utilities ("Waverly") to supply Multimedia over Coax Alliance (MoCA)-enabled IPTV devices and Amino OS software that will allow the Iowa multiservice provider to boost efficiency and deliver an enhanced pay-TV video experience. This contract demonstrates progress on the transformation programme announced in February, focussing Amino on software and services and value-add hardware sales.

Waverly selected AminoOS powered Kamai 650M IPTV devices because they enable delivery of the required MoCA connectivity. They will be deployed to seamlessly deliver enhanced IPTV services across Waverly Utilities' high-speed fiber-optic network. Amino will collaborate with its strategic middleware partner Minerva Networks to facilitate Waverly's ongoing rollout of video services.

Donald McGarva, CEO of Amino, said: "We are pleased to demonstrate progress on our transformation programme which we launched alongside our full year results earlier this year. We believe that Waverly is representative of many operators seeking solutions that can leverage in-home coax cabling via agile devices. The pay-TV industry today requires devices with the agility to allow TV operators to adapt to growing consumer expectations and deliver modern TV experiences - such as enjoyment of 4K UHD content in the future. Agile devices not only empower operators to enhance the user experience but simplify deployment."

Jeff Magsamen, Waverly Utilities' CEO, explains: "We need MoCA to take advantage of the existing coax cable deployed in many homes to provide high bandwidth throughput - which is perfect for video. Not only does taking advantage of existing coax give us greater efficiency in deploying the boxes, but it gives our subscribers a better user experience when enjoying real-time TV events such as live sports."

As an existing Amino customer, Waverly Utilities has deployed Amino OS Engage, Amino's service assurance software, which enables operators to reduce operational costs by quickly resolving subscriber issues and decreasing truck rolls. Waverly Utilities will benefit from a range of cloud-based remote assistance and device management capabilities - fully integrated into their own monitoring tools - to ensure consumers are given high levels of support during and after the transformation process. The enhanced management ability, on top of traditional service management solutions help to differentiate Waverly's pay-TV services from the myriad of emerging streaming services.

For further information please contact: Amino Technologies PLC [phone] Donald McGarva, Chief Executive Officer Mark Carlisle, Chief Financial Officer finnCap Ltd (NOMAD and Broker) [phone] Matt Goode / Carl Holmes / Simon Hicks (Corporate Finance) Tim Redfern / Richard Chambers (ECM) FTI Consulting LLP (Financial PR) [phone] Jamie Ricketts / Alex Le May / Chris Birt About Amino Technologies plc Amino is a global leader in media and entertainment technology solutions and an IPTV pioneer, working with over 250 operators in 100-plus countries. Drawing on more than 20 years' experience delivering IP/cloud innovation, Amino enables operators to meet the challenges they face as broadcast TV and online video moves to an all-IP future with managed over-the-top (OTT) offerings. We are expert in software, hardware and cloud implementation - able to deploy our own leading-edge technologies and integrate these with third-party and 'upcycled' legacy systems. At the forefront of the evolution of TV Everywhere, Amino helps operators to provide the features and functionality modern consumers are looking for in a multiscreen, multi-device entertainment world. Having deployed over 10 million customer premise devices and the software necessary to link the back end to the user interface, we understand the issues operators face. We partner with operators to deliver end-to-end, operator-ready solutions that enable next-generation customer experiences. We 'upcycle' existing infrastructure to support more advanced services and integrate seamlessly with new technologies to form a unified ecosystem. The result is a fresh consumer offering based on a consistent user experience across all screens, building brand reputation, stemming churn, growing subscribers and increasing average revenue per user (ARPU). Amino Technologies PLC is listed on the London Stock Exchange AIM (symbol AMO), with headquarters in Cambridge, United Kingdom, and global offices in California, Finland and Hong Kong. For more details, visit www.aminocom.com END

 

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