CAMBRIDGE, England--Nov. 28, 2005
-- Amino Technologies plc ("Amino" or "the Company"; stock code: AMO), the Cambridge based broadband network software and systems company, announces that it has signed a major licence agreement with AS Intercom Ltd ("Intercom"), a company incorporated in Cyprus but with principal operations within the Russian Federation.
The licence agreement allows Intercom to manufacture and supply AmiNET MPEG2 and MPEG4 IPTV set top boxes within the Russian Federation, Kazakhstan and the Ukraine. A measure of the potential size of this market is the number of telephone subscribers which exceeds 30 million.
Intercom has agreed to pay a significant licence fee and royalties in respect of Amino's IntAct(TM) IPTV software technologies and hardware designs. The licence agreement is for a minimum of 5 years. Whilst the commercial terms are confidential, the royalty rates for both software and hardware are in line with the Company's expectations.
Grant Masom, Amino's Chairman said: "We are pleased to have signed our first major licensing agreement, demonstrating Amino's ability to be both a market leading supplier of IPTV set top boxes under its own brand and to address a wider market through licensing its technologies to other set top box manufactures and suppliers."
About AS IntercomTV
AS Intercom TV (www.intercomtv.com) is an IPTV solutions integrator, partnering with world-leading developers and suppliers of customer-premises products and software technologies for IPTV market (Amino), head-end systems (Anevia) and Conditional Access systems (Irdeto).
Intercom develops and implements integrated solutions for content operators, adapting old broadcasting methods to new ways of content delivery over IP networks and enabling provision of variety of new on-demand services by operators.
Intercom TV develops its own software technology (middleware) for IPTV, the ITV Manager, which includes client's interface and monitoring, billing and control systems for services provision.
Intercom TV based in Limassol, Cyprus and has offices in Moscow and Samara, Russian Federation.
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 IntAct(TM) 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 IntAct(TM) 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.