13 March 2013
Motive Television PLC
("Motive" or "the Company")
("Motive" or "the Company")
Statement re: speculation
The Company notes that following an update on the Company's website this morning relating to the progress on the Digiturk project there has been some market speculation.
The Company stated in an RNS on 1 March 2013:
"Motive is currently in negotiation with Digiturk, the largest satellite broadcaster in Turkey relating to further contracts for support and maintenance and additional features which are related to the commercial launch of a service using Motive's software. We understand from Digiturk that the service, which has been soft-launched will begin rollout during 2013"
This morning the Company confirmed that it has been informed that the manufacture of set top boxes for the Digiturk project has begun. The Company does not have visibility on the number of set-top-boxes which will be ordered but Motive anticipates receiving revenue through software royalties per set-top box manufactured . No date has been set for the consumer launch as yet.
Motive Television plc
Michael Pilsworth, Chairman
Leonard M. Fertig, CEO
T: +44 20 7025 8425
Merchant Securities (Nominated Adviser)
Simon Clements / Virginia Bull
T: +44 20 7628 2200
XCAP Securities (Joint Broker)
T: +44 20 7101 7070
First Columbus LLP (Joint Broker)
Chris Crawford/Kelly Gardiner
T: +44 20 3002 2070
Newgate Communications (Financial PR) T: +44 20 7680 6559
T: +44 7769 688618
Chris Plunkett / Mike Smargiassi
T: +1 212 986 6667
T: +44 7774 860011
Notes to Editors
Motive Television provides software and services to the global television industry, enabling Television Anytime Anywhere. Motive's patented and proprietary technology platform responds to the heightened viewer demand for watching what they want, when they want, on whatever device they want; and is driven by the mandatory switchover from analogue to digital broadcasting as mandated by the International Telecommunication Union.
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:
Television Anytime. A technology platform that enables digital broadcasters and pay television operators to offer enhanced broadcasting services with or without the need for an Internet connection. These services, include, among others, Video-on-Demand, Catch-Up TV, Virtual Channels, Sneak Preview TV, and Targeted Advertising. Television Anytime is currently in commercial operation in Europe both in digital terrestrial (DTT) and soon in satellite (DTH) environments. Patented in Spain and patent pending in the EU.
Television Anywhere. An advanced multi-screen multi-channel technology that allows a viewer to control and watch all the content received by or recorded in their main home television equipment on any computer, mobile phone, iPad or any other Internet connected device. Television Anywhere is software-based and can be updated via software upgrades on existing STB. 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).