Forbidden Technologies plc (AIM: FBT) is pleased to announce that it has signed an extendable two year contract with Deltatre for one of its clients. This contract is worth in excess of GBP100,000 spread over a two year period.
Deltatre, a leading supplier of digital and broadcast services in the Sports market, will be using Forbidden’s Forscene cloud video platform. Forscene is used by Deltatre to extend their OTT offering of editing services
for live and on demand content. Use of the Forscene platform will start in July 2017.
The Forscene video platform delivers a fully virtualised workflow that speeds up time to market for highlights packages, allows remote viewing and editing, and can be used to publish directly to social media channels and websites.
Deltatre commercial director, Stefano Rigat, said:
“Forscene’s platform of capabilities provide us with a range of applications to help us grow our market and deliver a superior digital sports solution. We continue to use the Forscene video platform offering, over a range of clients and sports categories, for live and on demand content.”
Forbidden Technologies Chairman, David Main, said:
“Deltatre has been a key customer of ours in the sports market for a number of years. This minimum two year deal, clearly indicates the strength of our ‘live solutions’ and values our commitment to maintaining our market leading capabilities in this sector.”
Forbidden Technologies plc
David Main, Chairman
Jonathan Lees, Chief Financial Officer
Tel: +44 (0)20 8879 7245
Allenby Capital Limited (Nominated Adviser and Broker)
Tel: +44 (0)20 3328 5656
Redleaf Communications (Financial PR Adviser)
Tel: +44 (0)20 7382 4730
About Forbidden Technologies plc
Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.
Company develops and markets a powerful cloud video platform with multiple applications which can be used by rights holders, broadcasters, sports and news video specialists, post-production houses, other mass market digital video channels, corporates and consumers. The platform applications help customers improve their time to market on time sensitive content, and efficiently exploit the full value of their content.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (“MAR”)