Product category:
Design and Development Software
News Release from: Amino Communications
Edited by the Electronicstalk Editorial
Team on 08 June 2004
Amino set for AIM flotation
Amino Technologies will float on the UK AIM on 9th June 2004.
Amino Technologies will float on the UK AIM on 9th June 2004 The company is raising GBP 7 million of new money through a placing by KBC Peel Hunt
This article was originally published on Electronicstalk on 8 Feb 2001 at 8.00am (UK)
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At the placing price of 120p, Amino will be capitalised at GBP 61.2 million.
Existing shareholders (including three of the directors) are also selling shares in the placing valued at GBP 5.7 million at the placing price.
Amino began trading in 1997, providing enabling technologies for broadband communications devices.
Through its AmiNET family of Internet Protocol ("IP") set-top boxes, its AVICX software, is used to facilitate the provision of television over IP, also known as IPTV or Video Over IP.
Amino's AVICX software is highly modular and functional and enables IPTV systems to be deployed at a comparatively low cost by telecomms service providers and hospitality providers.
Although the market for IPTV is at an early stage, the AmiNET products have been adopted in many major deployments in Europe, USA, and the Asia Pacific region being undertaken by telecomms service providers, including Hong Kong Broadband Networks, SureWest Communications, SiOL, Kansai Electric Power Company, Ringgold Telephone Co and Sollentuna Energi, and by NEC in 14,000 rooms in a UK hotel chain.
Amino markets its products primarily through references from its partner organisations for whom the set-top box is a key component of the systems and networks that they provide.
These organisations include many of the main suppliers to the market for IPTV systems, such as Irdeto Access, NDS, Alcatel, Minerva Networks, Kasenna and Myrio Corporation.
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