Product category:
Design and Development Software
News Release from: Amino Communications
Edited by the Electronicstalk Editorial
Team on 29 July 2004
Amino leaps into the black
Amino Technologies has reported a first-half profit before tax and exceptional items of GBP 0.84 million, up from a loss of GBP 1.57 million for the same period last year.
Amino Technologies has reported a first-half profit before tax and exceptional items of GBP 0.84 million, up from a loss of GBP 1.57 million for the same period last year The company is primarily involved in the design and manufacture of miniature set-top boxes (STBs) for the Internet Protocol television (IPTV) market which is starting to evolve very rapidly
This article was originally published on Electronicstalk on 8 Feb 2001 at 8.00am (UK)
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Amino's turnover for the half-year ending 30th June 2004 increased to GBP 7.42 million compared with GBP 0.15 million for the same period last year.
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The company shipped over 91,000 of its STBs during the period, up from fewer than 1000.
Grant Masom, Amino's Chairman, commented: "We are absolutely delighted by these results.
In the past 6 months the IPTV market has started to evolve at great speed and early adopters are now rolling out systems in America and the Far East and we are starting to see deployments in Europe".
"Our success is evidenced by our extensive range of partners, many of which are the best-known names in the telecommunications and television equipment industry".
"They have introduced us into a wide range of trial and active roll-out opportunities and we are very grateful for their support".
Amino has played a key role in the development of the IPTV market and recognised two years ago that its take up would depend on how quickly the industry could deliver the necessary equipment at a competitive cost.
The subscriber equipment, including the STB, is a large part of this cost, and Amino has been an aggressive market leader in driving it down to the levels needed to ensure success.
In addition to selling systems which operate across broadband networks Amino is also having considerable success in delivering IPTV technology which operates on high-speed private networks.
In particular, it is currently involved in a complete system deployment known as Talia for a major UK hotel chain.
Currently, over 360 companies worldwide are evaluating Amino products, up from 147 in the first half of last year and the number of customers involved in volume roll-outs, that is in excess of 1000 units, increased from two to 20.
Bob Giddy, Amino's CEO, commented: "Once our products are 'designed in' as part of a field trial, the complexities of IPTV mean that there are very significant barriers to entry for our competitors".
"The future revenue streams resulting from the design-in are a direct result of the telco's commercial success with the new service".
"This is one reason why our recent revenue growth has been very significant".
Amino offers its customers a flexible business model with direct product supply, own label manufacturing and a range of licensing options.
Grant Masom stated: "We believe this flexibility will enable us to translate our early leadership into a significant role in the emerging mass market".
"We also continue to invest heavily in our underlying technology, with half of our personnel being focussed on research and development".
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