Forbidden Technologies PLC Deal With Iconic Sporting Venue (7624F)
01 August 2016 - 4:00PM
UK Regulatory
TIDMFBT
RNS Number : 7624F
Forbidden Technologies PLC
01 August 2016
1 August 2016
Forbidden Technologies plc
("Forbidden" or the "Company")
Forbidden Technologies Agrees Deal With Iconic Sporting
Venue
Forbidden Technologies plc (AIM: FBT), the AIM-quoted
market-leading cloud video platform owner, announces that it has
today agreed a deal with an iconic sports, music and entertainment
venue in New York which while on its own is below 10% of annual
revenue, is however part of a trend towards higher value annualised
deals with long term growth potential.
The venue will be using Forbidden's cloud platform to
dramatically improve its time to market of digital content.
Historically it has taken between 30 and 55 minutes to distribute
media highlights to a digital audience and consequently access the
associated advertising revenues. Using the Company's platform
significantly reduces the time involved in this process, often to
less than five minutes.
This workflow allows the venue to maximize its revenue
opportunities, reduce its reliance on physical hardware, and allows
its staff to work remotely, mitigating the risk of adverse weather
conditions.
Chief Executive of Forbidden Technologies, Aziz Musa, said:
"Signing this iconic venue is another step towards our
aspirations in sports and in the US. This platform sale also has
further potential for growth as we continue to grow our
relationship with the client and the individual events that they
support."
For more information visit www.forbidden.co.uk
Enquiries:
Forbidden Technologies plc
David Main, Chairman
Aziz Musa, Chief Executive
Tel: +44 (0)20 8879 7245
Allenby Capital Limited (Nominated Adviser and Broker)
Nick Naylor
John Depasquale
Richard Short
Katrina Perez
Tel: +44 (0)20 3328 5656
Redleaf Communications (Financial PR Adviser)
Rebecca Sanders-Hewett
David Ison
Susie Hudson
Tel: +44 (0)20 7382 4730
Email: forbidden@redleafpr.com
About Forbidden Technologies plc
Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk)
floated in February 2000.
The Company develops and markets a powerful cloud video
platform, which is used by broadcasters, in professional web video,
in education and by consumers. The Company platform is one of the
world's most advanced browser-based and mobile platforms, which
underpins Forscene in professional markets, its eva video social
network and its new consumer video editor, Captevate.
Websites:
www.forbidden.co.uk
www.forscene.com
www.eva.co
www.captevate.com
Social media:
www.facebook.com/FORscene
www.plus.google.com/+Forscenepro/posts
www.linkedin.com/company/forscene
www.twitter.com/forscenepro
www.youtube.com/user/ForsceneTraining
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCDGGDRSSXBGLB
(END) Dow Jones Newswires
August 01, 2016 02:00 ET (06:00 GMT)
Blackbird (LSE:BIRD)
Historical Stock Chart
From Apr 2024 to May 2024
Blackbird (LSE:BIRD)
Historical Stock Chart
From May 2023 to May 2024