Forbidden Technologies plc (AIM: FBT), the AIM-quoted owner and developer of the market leading cloud video platform, Forscene, is pleased to announce the name of its consumer video editor.
Forbidden is extending the range of markets for its Forscene video platform into the consumer space through its video social network “eva”, currently in beta test, and its consumer video editor, announced in the most recent financial statements under the place holder name Brand Y.
The consumer video editor has now been branded “Captevate”.
Development of Captevate is continuing apace, with the technical Proof of Concept completed last month, and UX design at an advanced stage. The release is expected late this year.
Unlike Forscene, Captevate will be entering an existing market. The results of Forbidden’s market sizing process indicate that sales of Captevate have the potential to be meaningful for the Company from 2017 onwards.
Forbidden Technologies plc
Stephen Streater, CEO
Tel: +44 (0)20 8879 7245
Cenkos Securities plc (Nominated Adviser and Broker)
Bobbie Hilliam, Corporate Finance
Tel: +44 (0)20 7397 8900
Redleaf Polhill (Financial PR)
Tel: +44 (0)20 7382 4730
About Forbidden Technologies plc
Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.
The Company develops and markets the powerful cloud video platform, Forscene, which is used by broadcasters, in professional web video, in education and by consumers. Forscene is one of the world’s most advanced browser-based and mobile applications.