TIDMBIRD
Blackbird PLC
21 October 2021
21 October 2021 Reach non-regulatory announcement*
Blackbird plc (the "Company")
Blackbird launches core video technology licensing solution,
'Powered by Blackbird'
Technology licensor, Blackbird, enables cloud native
functionality and drives major efficiencies for video companies
London - Blackbird plc (AIM:BIRD,OTCQX:BBRDF), the technology
licensor, developer and seller of the market-leading cloud native
video editing platform, Blackbird, today launched its core
technology licensing solution, 'Powered by Blackbird', to enable
advanced cloud native functionality and drive major efficiencies
for video companies. The news comes after the Company announced a
5-year technology licensing deal with a global broadcast company
last month.
Blackbird plc provides unique, multi-patented cloud native video
technology. Conceived around the notion of delivering the ultimate
in video efficiency and designed specifically for the browser
environment, Blackbird enables ground-breaking cloud video access
and advanced content manipulation capabilities. Blackbird's
multi-faceted efficiencies include power and carbon reductions,
cost and time savings, less hardware and bandwidth requirements and
easy scalability.
By licensing the Company's core video technology and being
'Powered by Blackbird', companies can build their own cloud native
video platforms including frame accurate, renderless editing in a
browser with bandwidth from just 2 Mb/s. Organizations can be
'Powered by Blackbird' to provide unparalleled access, navigation
and management of video content, leapfrogging traditional
application workflows.
'Powered by Blackbird' is the ideal path for traditional video
companies migrating their on premise infrastructure to the cloud,
video companies moving from CapEx to SaaS business models and
forward-thinking video companies seeking efficiency, speed and
improved user experiences.
Blackbird plc's CEO, Ian McDonough, said: "This is a step change
in the Blackbird story and the evolution of video in the cloud. The
world increasingly needs efficient and workable technology as
migration to the cloud accelerates and global video production
skyrockets.
"Blackbird's proven and patented technology enables advanced
editing and manipulation in the cloud whilst reducing
infrastructure costs by up to 75% versus traditional cloud based
platforms. Vitally, as the planet moves to net zero carbon,
Blackbird is able to operate at less than 10% of the carbon
footprint of its competitors. Those companies who license 'Powered
by Blackbird' will realise these efficiency savings, rapidly
improve functionality, move to efficient cloud native workflows and
reap the benefits of being truly SaaS."
For more about 'Powered by Blackbird' visit
www.blackbird.video/powered-by-blackbird/ or contact
commercial@blackbird.video .
Enquiries:
Blackbird plc
Ian McDonough, Chief Executive Officer
Adrian Lambert, Chief Marketing Officer
Tel: +44 (0)20 8879 7245
Allenby Capital Limited (Nominated Adviser and Broker)
Nick Naylor/Piers Shimwell (Corporate Finance)
Amrit Nahal (Sales and Corporate Broking)
Tel: +44 (0)20 3328 5656
About Blackbird plc
Blackbird plc operates in the fast-growing SaaS and cloud video
market. It has created Blackbird(R), the world's most advanced
suite of cloud-native computing applications for video, all
underpinned by its lightning-fast codec. Blackbird plc's patented
technology allows for frame accurate navigation, playback, viewing
and editing in the cloud. Blackbird(R) enables multiple
applications, which are used by rights holders, broadcasters,
sports and news video specialists, esports, live events and content
owners, post-production houses, other mass market digital video
channels and corporations.
Since it is cloud-native, Blackbird(R) removes the need for
costly, high end workstations and can be used from almost anywhere
on almost any device. It also allows full visibility on
multi-location digital content, improves time to market for live
content such as video clips and highlights for digital
distribution, and ultimately results in much more effective
monetisation.
Blackbird plc is a licensor of its core video technology under
its 'Powered by Blackbird' licensing model. Enabling video
companies to accelerate their path to true cloud business models,
licensees benefit from power and carbon reductions, cost and time
savings, less hardware and bandwidth requirements and easy
scalability.
Blackbird(R) is a registered trademark of Blackbird plc.
www.blackbird.vide o
www.linkedin.com/company/blackbird-cloud
www.twitter.com/blackbirdcloud
www.facebook.com/blackbirdplc
www.youtube.com/c/blackbirdcloud
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END
NRAURSSRABURUAA
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October 21, 2021 02:00 ET (06:00 GMT)
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