Amino Technologies PLC
19 January 2007
FOR IMMEDIATE RELEASE 19 January 2007
AMINO TECHNOLOGIES PLC
LICENCE AGREEMENT AND ENTRY TO INDIAN MARKET
Amino Technologies plc ('Amino'; stock code: AMO), the Cambridge based broadband
network software and systems company, has signed an agreement with Dimensions
Broadband UK Ltd. ('Dimensions Broadband'), on behalf of its sister company Time
Broadband Services Pvt. Ltd. ('Time Broadband'), which takes Amino into the
Indian subcontinent and provides access to Indian tier 1 telcos.
Amino has been paid for a significant licensing contract and for an initial
supply of AmiNet125 set top boxes ('STBs'). Dimensions Broadband plans to
establish local manufacturing of STBs for Time Broadband Services, an IPTV
service provider headquartered in Mumbai.
The agreement provides for the licensing of the AmiNet125 STB design and Amino's
IntAct(TM) IPTV software stack for the manufacture and sale of STBs in the
Indian sub-continent and Middle-Eastern markets. Amino will receive royalties on
locally manufactured STBs and software in addition to the initial licence fee.
Time Broadband plans to offer its advanced IPTV services to customers across the
Indian subcontinent, the Middle East and parts of East Africa.
Sujata Dev, Managing Director of Time Broadband commented: 'In launching
landmark deployments with telecom operators with a very large combined consumer
base, the objective is to maximise IPTV penetration in consumer homes. We have
chosen Amino as our STB technology partner to give us flexibility for
manufacturing our own products, the latest technology at an economical cost and
a reduced lead time for entering the Indian market.'
Bob Giddy, Amino's Chief Executive said: 'This agreement provides us access to
the tier 1 telcos in India, a country with a population of over 1 billion. This
deal is part of our existing business plan and, we believe, validates our
licensing model, enabling us to sell into large markets where local volume
manufacturing of STBs is critical to success.'
About Time Broadband
Time Broadband Services Pvt. Ltd. is a closely held company incorporated in
India which will provide convergent systems and underlying services to enable
telecom carriers to offer rich-media Video basic and interactive television
based value-added services to their broadband customers. Accordingly, the
company has three distinct segments but complementary vertical business units to
target all domains of future expansion activities envisaged: a) IPTV CDN
services management of customer inter-phase on behalf of telecom operators; b)
technology deployment and manpower support with inputs from top
techno-providers; c) content aggregation and digital re-purposing for
content-providers for market expansion. TBSL has entered into agreement with
several telecom providers in India including India's largest telephone service
provider with a target to reach over a million homes by 2010.
About Dimensions Broadband UK
Dimensions Broadband UK is part of the Dimensions Group (www.dimensionsgroup.com
), a global group of companies offering dedicated expertise and services in the
areas of Human Resources, Banking Automation, Business Process Outsourcing, IT
Engineering and Design, Education and Healthcare. The Group manages it's various
vertical services to provide their clients with agility, focus and a quality of
standardization as well as a global reach and the financial strength necessary
to properly service large customers.
About Amino
Amino Technologies plc (www.aminocom.com) designs and supplies Electronic
systems, software and consultancy for IPTV (telco triple-play applications),
on-demand video and in-home multimedia distribution delivered through three
operating divisions.
Amino Communications supplies the AmiNET(TM) series of high performance IPTV
set-top boxes and gateways for deployment in the telecommunications, broadcast
and hospitality markets. Generally, AmiNET products are supplied with the
IntAct(TM) IPTV software stack pre-loaded. IntAct licenses hardware designs and
the IntAct(TM) IPTV software stack for customer premises solutions to OEMs
enabling them to supply IPTV set-top boxes and gateways for larger scale
deployments and the hospitality sector. Modelo provides systems consultancy
services.
Amino is partnered with world-leading companies in systems integration,
middleware, conditional access, silicon, head-end systems and browser
technologies.
CONTACTS
Amino Technologies: 01954-234100
Keith Todd, Chairman www.aminocom.com
Bob Giddy, Chief Executive
Stuart Darling, Finance Director
Bankside: 020-7367-8888
Steve Liebmann or Simon Bloomfield
This information is provided by RNS
The company news service from the London Stock Exchange
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