Primorus Investments PLC Stream TV partners with BOE Technology (7135B)
12 January 2018 - 7:02PM
UK Regulatory
TIDMPRIM
RNS Number : 7135B
Primorus Investments PLC
12 January 2018
Primorus Investments plc
("Primorus" or the "Company")
Stream TV partners with BOE Technology
Primorus Investments plc (AIM: PRIM, NEX: PRIM) is pleased to
report that Stream TV Networks ("Stream TV") have entered into a
partnership to develop 8K screens with a large Chinese screen
manufacturer, BOE Technology ("BOE"). In 2017 Primorus invested
US$200,000 in Stream TV on a fully-diluted valuation of
US$336m.
Stream TV and BOE have announced their joint cooperation to
combine the high-resolution panels of BOE with Stream TV's
Glasses-Free 3D technology. With panel sizes ranging from mobile
phones to PC monitors to large screen televisions, the project will
enable development of devices across the entire consumer
electronics industry.
"4K TVs and PC monitors are obsolete now that 8K panels have
arrived," said Mathu Rajan, CEO of Stream TV.
Stream TV's Ultra-D solution uses advanced optics and powerful
rendering algorithms to create a 140-degree viewing angle that
gives everyone in the room a crisp, clear, vibrant, and adjustable
3D experience without the need for glasses or goggles.
"The human eye can't tell the difference between 4K and 8K in
flat 2D," added Rajan. "Without using the third plane, you're
basically throwing away all those pixels. We use those extra pixels
for pop and depth to create an immersive experience that brings
real value to device makers and their customers."
The Chairman of Primorus, Jeremy Taylor-Firth commented "BOE
Technology (Beijing Optical and Electrical) is a large global
supplier of screens and displays to numerous international
customers and generated sales of over US$8B in 2017. In partnering
with BOE Technology, we believe Stream TV is now close to full
commercialization of its IP in the form of new 8K glassless 3D
screen technology that is the subject of this partnership with
BOE."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Primorus Investments
plc: +44 (0) 20 7440 0640
Alastair Clayton
Nominated Adviser: +44 (0) 20 7213 0880
Cairn Financial Advisers
LLP
James Caithie / Sandy
Jamieson
Broker: +44 (0) 20 3621 4120
Turner Pope Investments
Andy Thacker
This information is provided by RNS
The company news service from the London Stock Exchange
END
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