London: 12 October, 2011 -- Motive Television PLC, the digital television technology, software and services provider, today announces that its 100%-owned subsidiary Motive Television Services Ltd. (“MTS”) has signed a Letter of Intent (“LOI”) with CME Media Services Ltd., a wholly-owned subsidiary of Central European Media Enterprises Ltd. (“CME”).
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Motive Television Announces Letter of Intent with Central European Media Enterprises Ltd. regarding the “Television Anytime Anywhere” Technologies
Motive Television PLC, today announces that its 100%-owned subsidiary Motive Television Services Ltd. (“MTS”) has signed a Letter of Intent (“LOI”) with CME Media Services Ltd.
12 October 2011
The LOI outlines the performance by Motive of certain advisory and consulting services regarding Motive’s “Television Anytime Anywhere” technologies, which follows the technical pilot test of the technologies by CME in 2010 and the initial planning project that Motive undertook with CME earlier this year. The LOI outlines the project phases whereby detailed specifications for the “Television Anytime Anywhere” technologies would be developed for potential roll-out in CME’s markets, subject to the agreement by Motive and CME on the terms and conditions of a master agreement regarding the deployment of such technologies by CME.
Motive Television plc
Leonard M. Fertig, CEO
T: +44 20 7025 8425
Merchant Securities (Nominated Adviser)
Simon Clements / Virginia Bull
T: +44 20 7628 2200
XCAP Securities (Broker)
Jon Bellis / John Grant
T: +44 20 7101 7070
Chris Lane / Alice Coubrough
T: +44 20 7367 5100
Chris Plunkett / Mike Smargiassi
T: +1 212 986 6667
T: +44 7774 860011
Notes to Editors
Motive Television provides digital television technology and services globally, enabling Television Anytime Anywhere. The market is driven by heightened consumer demand coupled with the mandatory switchover from analogue to digital broadcasting that, as mandated by the International Telecommunication Union, will come into full effect by 2015.
Motive Television provides broadcasters and platform operators with new sources of income and business models via its technologies:
Television Anytime is a technology that permits and enables broadcasters and platform operators to offer enhanced broadcasting services without the need for the Internet. Broadcasters can earn additional income through these services, including Catch-Up TV, Virtual Channels, Video-on-Demand and Targeted Advertising. Television Anytime is currently in commercial operation in Italy and successful tests have been carried out in the Czech Republic and Hungary.
Television Anywhere is an advanced multi-screen and place-changing television technology that allows a viewer to interact, control and watch their Internet-connected home television from a computer, mobile phone, iPad or any other Internet connected device. Television Anywhere is software orientated, does not require an additional box, and can be updated via software upgrades. US patent pending.
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).