Motive Signs Contract with Twin Peak S. A. for Global Maritime Market and Greece
Potential Deployment of Motive Technology to Thousands of Vessels
London 27 August 2014: Motive Television plc announces that its 100% owned subsidiary, Motive Television Services Limited has today signed a Cooperation Agreement with Twin Peak S.A of Athens, Greece (Twin Peak) to develop and integrate Motive’s patented and proprietary technology with Twin Peak’s VoDo services for deployment in the global Maritime industry and for the nation of Greece.
The new combined platform will provide television channels and video-on-demand (VOD) movies and television content to the rapidly growing demand of tablets and other BYOD devices (bring-your-own-device) on commercial ships, private yachts, oil rigs, ferries, and cruise ships worldwide. It will have the advantage of serving, through a single Set-Top Box, the TV and multiple devices with a significantly lower cost than other solutions on the market.
The renewable 3-year Cooperation Agreement provides for mutual exclusivity for use of the combined technology in the worldwide Maritime and Greek territories. The Cooperation Agreement contains a tiered net revenue structure for Motive with a Minimum Guarantee in the first twelve months, subject to certain cumulative income benchmarks being achieved. Although there is no guarantee as to the full financial impact to Motive, the Company believes that the deal provides the potential for a significant uplift in the Company’s revenues over the next years.
Since 2003 Twin Peak has provided satellite-based telecom services and broadcast infrastructure to the maritime industry and currently provides a VOD service for on-board, in-cabin viewing of film and TV content (“VoDo”), with various contacts and customers in the maritime industry.
Leonard M Fertig, CEO of Motive Television plc, commented, “The agreement with Twin Peak provides Motive with an opportunity to introduce our proven expertise and patented solutions for video-on-demand and tablet television to a new, very large and scalable market in cooperation with a successful and experienced operator in the Maritime television business. We are delighted to be working with Twin Peak to take advantage of this significant opportunity.”
Spilios Papayiannopoulos, President of Twin Peak S. A. added, “The opportunity to introduce a low-cost video-on-demand and complete television service targeting the rapidly-growing BYOD devices in the global Maritime sector is huge, with thousands of yachts, commercial ships, and cruise customers. The combination of Motive and Twin Peak technology will create a very strong competitive product for this very large market.”
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™
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™ makes that possible without having to build new networks. Content Express™ 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™ 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
Twin Peak S. A.
Twin Peak Advanced Technologies is a Video-On-Demand and Digital satellite/ terrestrial TV solution provider with proprietary, patented STBs and platform for VOD and TV-Gaming. It offers Hollywood content and end-to-end service for homes, hotels, hospitals, and maritime.
Twin Peak was founded in Athens, Greece in 2003 and has invested over €10 million in R&D for its innovative products and services. www.vodo.gr
