ANT ships 2.9 million units in 2009Monday, March 1st, 2010
ANT plc (LSE AIM: ANTP), a leading provider of software and services for the delivery of digital TV, is pleased to announce its audited final results for the year ended 31 December 2009.
The total number of units shipped during the year reduced by 8% to 2.9m units (2008: 3.2m), due mainly to market conditions and some delay in silicon chip production. However, we are pleased to report an underlying increase of 22% in revenue generating shipments as prepaid units were substantially reduced. The market conditions inevitably impacted our customers and the number of customers shipping over 100,000 units reduced to 7 (2008: 9). Despite the challenging economic environment, we are pleased to see customers returning to us to license additional elements of our product portfolio to enable them to respond quickly to requirements.
Market broadening into Satellite and Cable: new licences with Arab Media Corporation (AMC) and Cisco Systems
Satellite and cable operators are now recognising the benefits of a Web based TV service model providing ANT with the opportunity of successfully targeting these high volume markets. This again has resulted in an increased level of interest in our ANT Galio Platform and during 2009 we signed new licences with Arab Media Corporation (AMC), the satellite TV operator and owner of Arab Radio and Television (ART), and Cisco’s cable TV division.
The agreement with Cisco is an extension of our existing licence enabling them to use the ANT Galio Platform across its mainstream cable market solutions in addition to the existing IPTV licence. Cisco has already begun deploying units in an IPTV environment based on ANT’s products, this latest development will see our software used to target a significantly bigger, already established, mainstream market.
We have licensed ANT Galio Browser and ANT Galio Core Applications to AMC, our first tier-one satellite operator which covers 26 countries in the Middle East and North Africa, for its new service which is due to be launched in 2010.
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