Mirada PLC Commercial Launch of Iris in Bermuda (1132N)
January 15 2019 - 1:00AM
UK Regulatory
TIDMMIRA
RNS Number : 1132N
Mirada PLC
15 January 2019
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the
publication of this announcement via a Regulatory Information
Service, this inside information is now considered to be in the
public domain.
15 January 2019
Mirada plc
("Mirada" or the "Company")
Commercial launch of Iris in Bermuda
Mirada (AIM: MIRA), a leading provider of integrated software
solutions for digital TV operators and broadcasters, is delighted
to announce the commercial launch of its Iris multiscreen solution
for One Communications, the leading telecommunications provider in
Bermuda owned by US investment firm ATN International Inc ("ATNi").
This commercial rollout is a successful result of the new contract
win announced on 29 August 2017 and will be followed by other
deployments in ATNi-owned telecommunication providers also
mentioned in that announcement.
The deployment of Mirada's multiscreen technology across One
Communications' network is the biggest since the launch of Iris for
izzi telecom in Mexico. It is being accompanied by an extensive
marketing campaign on behalf of One Communications across Bermuda,
a territory that benefits from a TV penetration rate of 98% and one
of the highest levels of GDP per capita in the world. The product
will be commercialised under the brand FiberWire TV.
FiberWire TV subscribers will now be able to view live and cloud
DVR content across advanced hybrid set-top boxes, smartphones,
tablets and laptops, with a user interface working seamlessly
utilising Mirada's Inspire user interface. In addition, their
subscribers can now benefit from all of the cutting-edge features
of Mirada's multiscreen solution - such as start-over, session
transfer between set-top and personal devices, personalised
recommendations and cloud DVR - in which Mirada's powerful back-end
(Iris SDP platform) interoperates with key components in the
solution offering the customer a single interface for interacting
with the market leading features.
Following the successful launch in Bermuda, Mirada expects to
replicate the deployment of the FiberWire TV components across the
US Virgin Islands with Viya, another operator owned by ATNi. In
addition, other affiliated TV operations in the Caribbean are being
planned in the near future.
These projects are based on the OPEX business model and will
provide Mirada with different revenue sources, including the
initial set-up fees for acting as the 'System Integrator' that
Mirada received prior to deployment, recurrent monthly
licence-based fees and other recurrent and fixed fees for
professional services and platform management on an ongoing
basis.
Mark Jensen, Executive Director of Video Product and Strategy of
ATNi, commented: "Mirada was chosen as an integral component in our
TV solution due to their market leading user interface, service
features and ability to be deployed within today's leading cloud
infrastructures. We have combined the Mirada TV Platform with a
technologically advanced hybrid set-top device capable of being
deployed across HFC, IPTV and OTT service delivery infrastructures
allowing us to evolve services to our subscribers rapidly and
efficiently."
José Luis Vázquez, CEO of Mirada plc, commented: "We are
thrilled to announce yet another commercial launch for our Iris
multiscreen technology, this time with One Communications in
Bermuda. We look forward to seeing this new location enjoy the
ultimate viewing experience provided by our Iris multiscreen
technology and working alongside ATNi for further upcoming
projects."
Enquiries:
Mirada plc +44 (0) 207 868 2104
José Luis Vázquez, investors@mirada.tv
Chief Executive Officer
Gonzalo Babío, Chief Financial
Officer
Newgate Communications +44 (0) 207 653 9850
Bob Huxford mirada@newgatecomms.com
Tom Carnegie +44 (0) 20 3328 5656
Allenby Capital Limited
(AIM Nominated Adviser and Broker)
Jeremy Porter
Alex Brearley
Liz Kirchner
About ATN International
ATN International, Inc., through its subsidiaries, provides pay
TV, wireless and wireline telecommunications services in North
America, Bermuda and the Caribbean. The company operates through
U.S. Telecom, International Telecom and Renewable Energy segments.
In addition, it owns and operates commercial distributed generation
solar power systems and terrestrial and submarine fibre optic
transport systems. The company was formerly known as Atlantic
Tele-Network, Inc. and changed its name to ATN International, Inc.
in June 2016. ATN International, Inc. was founded in 1987 and is
headquartered in Beverly, Massachusetts, USA.
About Mirada
Mirada is a leading provider of products and services for
Digital TV Operators and Broadcasters. Founded in 2000 and led by
CEO José Luis Vázquez, the Company prides itself on having spent
almost 20 years as a pioneer in the Digital TV market. Mirada's
core focus is on the ever-growing demand for TV Everywhere for
which it offers a complete suite of end-to-end modular products
across multiple devices, all with innovative state-of-the-art UI
designs.
Mirada's products and solutions, acclaimed for unparalleled
flexibility and optimal time to market, have been deployed by some
of the biggest names in digital media and broadcasting including
Televisa, Telefonica, Sky, Virgin Media, BBC, ITV and France
Telecom. Headquartered in London, Mirada has commercial
representation across Europe, Latin America and Southeast Asia and
operates technology centres in the UK, Spain and Mexico. For more
information, visit www.mirada.tv
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END
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