Forbidden Technologies PLC Atos in South Africa moving to next stage (7086Q)
December 01 2016 - 5:15AM
UK Regulatory
TIDMFBT
RNS Number : 7086Q
Forbidden Technologies PLC
01 December 2016
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR)
1 December 2016
Forbidden Technologies plc
("Forbidden" or the "Company")
Atos in South Africa moving to next stage
Forbidden Technologies plc (AIM: FBT), the AIM-quoted
market-leading cloud video platform owner of Forscene, announces
that Atos Origin South Africa (Pty) Ltd (Atos) is moving onto the
next stage of its use of Forscene. This follows on from the 'First
South African public sector sale' announcement published 11 March
2016.
Atos is using the Company's Forscene video platform to support
up to 500 students, to be trained in video editing in line with the
existing Atos training programme. At the end of their training
programme, Atos will select up to 50 students for work experience
to be guided by a Forbidden tutor.
This will result in a material amount being added to Forbidden's
invoiced sales for the current year. The invoiced income is
expected to be recognised in the Company's income statement next
year.
Aziz Musa, CEO of Forbidden, said:
"Video editing in the cloud is the future. Our Forscene platform
is a leading provider of cloud based video solutions. This is a
visionary government educational initiative to educate students
with future orientated technologies to build video production
capabilities in South Africa."
Enquiries:
Forbidden Technologies plc
Aziz Musa, CEO
Tel: +44 (0)20 8879 7245
Allenby Capital Limited (Nominated Adviser and Broker)
Nick Naylor, John Depasquale, Richard Short, Katrina Perez
Tel: +44 (0)20 7397 8900
Redleaf Communications (Financial PR)
Rebecca Sanders-Hewett, David Ison, Susie Hudson
Tel: +44 (0)20 7382 4730
Email: forbidden@redleafpr.com
About Forbidden Technologies plc
Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk)
floated in February 2000.
The Company develops and markets a powerful cloud video platform
with multiple applications which can be used by rights holders,
broadcasters, sports and news video specialists, post-production
houses, other mass market digital video channels, corporates and
consumers. The platform applications help customers improve their
time to market on time sensitive content, and efficiently exploit
the full value of their content.
Websites
www.forbidden.co.uk
www.forscene.com
www.eva.co
www.captevate.com
Social media
www.facebook.com/FORscene
www.plus.google.com/+Forscenepro/posts
www.linkedin.com/company/forscene
www.twitter.com/forscenepro
www.youtube.com/user/ForsceneTraining
This information is provided by RNS
The company news service from the London Stock Exchange
END
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