TIDMMTV
RNS Number : 2344I
Motive Television PLC
24 March 2015
24 March 2015
Motive Television PLC
("Motive" or the "Company")
Motive Test Launches Bring Your Own Device Maritime TV
Platform
Launch testing underway with operations expected beginning April
2015
Motive Television PLC (AIM: MTV), the technology provider to
broadcasters and pay television operators, is pleased to announce
that its new maritime platform, BYOD (bring your own device), is
currently being tested with two ferry lines servicing Greece and
Italy and is expected to launch commercially in early April 2015.
In addition, the Company is in discussions with cruise operators in
North America to launch the services during the upcoming summer
season.
On 27 August 2014, Motive announced that its 100% owned
subsidiary, Motive Television Services Limited, signed an agreement
with Twin Peak S.A. of Athens, Greece (Twin Peak) to adapt Motive's
proprietary Content Express(TM) technology for deployment in the
global maritime industry. On 23 December 2014, Motive announced
that the development and lab testing of this new platform was
complete.
The installation on the first ferries is currently being tested,
leading to expected implementation in a matter of weeks. At
present, Twin Peak is in contract discussions with two Greek ferry
companies who together operate sixteen ships carrying over 15,000
passengers per day. Motive provides the BYOD technology to Twin
Peak under the contract announced in August 2014.
Together with Twin Peak's VoDo technology, the new joint
platform provides video-on-demand (VOD) movies and TV programmes
for the rapidly growing demand for BYOD service on commercial
ships, private yachts, oil rigs, ferries, and cruise ships
worldwide. Twin Peak advises that this is the only solution today
for the untouched yacht and commercial ship markets, and the first
to offer live TV and VOD with no need for Internet. Additionally,
they inform that it has the added advantage of significantly lower
costs than other solutions currently on the market for passenger
ferries and cruise ships.
The agreement between Motive and Twin Peak contains a share of
net revenues for Motive with a minimum guarantee in the first
twelve months, subject to certain cumulative income benchmarks
being achieved. Ships will pay an installation fee including labor
and equipment plus a per user share of revenue for VOD. Although
actual income from each ship will vary based on size, pricing, and
VOD buy rates, the Company estimates that the first sixteen ferries
could generate an income of over EUR30,000 per month for
Motive.
To put the scale of the business opportunity in perspective,
according to the UK Department for Transport Sea Passenger
Statistics 2013, "the number of short sea international ferry
journeys increased by 4 per cent to 20.5 million following two
years of decline". These figures include only journeys to and from
the UK, not including Mediterranean or Baltic European ferries nor
the Americas or Asia, and do not include cruises and long sea
journeys. Worldwide, the potential market for maritime BYOD is a
multiple of the UK figure so the total global BYOD market
opportunity for Motive might be in seven figures.
In addition to the VOD income there may be opportunities for
Motive and Twin Peak to participate in revenues from advertising
and promotion, plus special channels such as port and country
tourism, and e-shopping.
Leonard M Fertig, CEO of Motive, commented, "Launching our first
BYOD service commercially seven months after undertaking the
development of this new product is quite an achievement. The
international ferry market, is huge, and BYOD should find great
acceptance among passengers on 3-10 hour journeys throughout Europe
and the Americas. Added to that, the growing cruise market
represents significant growth opportunity for Motive."
Spilios Papayiannopoulos, President of Twin Peak S.A., added,
"Twin Peak has been serving the maritime market with television and
On-Demand solutions since 2003 and we are delighted to be able to
introduce services to handheld devices with Motive's BYOD solution,
and be the first to enter the untouched VOD markets for ferries and
yachts worldwide. We are confident that this is an attractive
opportunity for both companies."
Enquiries
Motive Television plc T: +44 20 7025 8425
Michael Pilsworth, Chairman
Leonard M Fertig, CEO
Sanlam Securities UK (Nominated T: +44 20 7628 2200
Adviser)
Simon Clements / James Thomas
Beaufort Securities (Broker) T: +44 20 7382 8300
Elliot Hance
Newgate Communications T: +44 20 7680 6559
Jason Nisse/Andre Hamlyn
Media PR Europe T: +44 7774 860011
Gerry Buckland
Brainerd Communicators T: +1 212 986 6667
Chris Plunkett / Mike Smargiassi
Notes to Editors
Motive Television provides broadcasters and pay television
operators with enabling technology that provides opportunities to
deliver highly valued services to viewers that generate additional
income and retain existing subscribers, comprising:
Content Express(TM)
Today's television viewers are demanding the ability to watch
whatever they want when they want it on any screen, and Motive's
Content Express(TM) makes that possible without having to build new
networks. Content Express(TM) software provides secure delivery and
management of non-linear digital content across any type of
broadcast network to any consumer-facing screen or device. Motive
has deployed it in both single and hybrid distribution systems that
combine broadband access with traditional distribution for an
optimal solution.
Motive's Content Express(TM) solutions platform provides a
one-stop shop for digital terrestrial broadcasters, satellite, DTT
cable pay television platforms, and Internet OTT content providers
to offer new services including: Video on Demand (VOD and SVOD),
Catch-up television, Tablet Television, Targeted advertising for
VOD, Mocast for 4G LTE, Virtual channels and Video2Go.
Tablet TV
With a proprietary app and T-Pod antenna-tuner, tablet owners
around the globe can watch and record all the programming currently
broadcast over digital terrestrial channels. Additionally, Tablet
TV subscribers have the ability to download a selection of
video-on-demand movies and programmes without the need for Internet
access and, when they are connected, use integrated social
networking and access anything available over the Internet.
Motive's content division is:
Motive Television Limited, a Dublin-based award-winning
independent production company that produces factual programmes for
Irish broadcasters. It specializes in live sports production and
sports documentaries and also produces factual and entertainment
series.
Motive Television was founded in London in 2005 and its shares
are quoted on the London Stock Exchange (AIM).
http://www.motivetelevision.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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