TIDMMTV

RNS Number : 9968G

Motive Television PLC

10 March 2015

10 March 2015

Motive Television PLC

("Motive" or the "Company")

Motive and Tablet TV, LLC Sign Licence Agreements in the United States

Motive and Tablet TV, LLC (TTV) today announce that they have signed licence agreements regarding the Tablet TV Joint Venture in the United States.

Motive and TTV have entered into two agreements under which the Joint Venture receives non-transferable, perpetual, and irrevocable licences for use of Motive's technology for the territory of the United States and Canada to be used for the business of Tablet Television.

The Base Technology Licence Agreement provides for the Motive Technology platform which enables the provision of linear and video-on-demand services to mobile devices. This Agreement is provided to Tablet TV LLC as the 50% equity investment by Motive to match Granite's investment and in kind services.

The Tablet Technology Licence Agreement enables delivery to a mobile device of enhanced mobile TV services; and makes possible both free-to-air and encoded content delivered via the ATSC standard into a format viewable on a mobile device. It also enables channel selection and viewing, recording functionality, and social networking and added functions. This agreement also includes "Motive Tablet Technology" which is the Motive Tablet App and that part of the Motive Technology resident within a T-Pod antenna.

Under the Tablet Technology Licence Agreement, Motive will receive Royalties based on a licence fee for each end user signed up for the Tablet TV service based on a formula that takes into account the cumulative number of end users.

In addition the Limited Liability Company Agreement, originally signed in May 2012, was updated.

Although there is no guarantee as to the full financial impact to Motive, the Company believes that both the Base Technology Licence Agreement and the Tablet Technology Licence Agreement provide the potential for a substantial uplift in the Company's revenues over the next years.

Commenting on the new Agreements, Motive CEO Leonard M Fertig said: "These licence agreements are the most significant and valuable contracts signed in Motive's history. After three years of hard work, Tablet TV is ready to take its place as an operating business across the United States and Canada, and it is important to put the licensing agreements in place to go forward with industry partners and strategic investors. We are delighted to re-affirm our relationship with Granite and look forward to a very successful business together."

Chairman of Granite, Peter Markham added: "Tablet TV has moved from an idea to a remarkable product. I look forward to the next stage in the development of Tablet TV with Motive."

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 
 Hume Capital (Broker)               T: +44 20 7101 7070 
  Jon Belliss 
 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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