Motive Television STB deployment exceeds expectations in TurkeyThursday, January 16th, 2014
Rollout of Set Top Boxes containing Motive technology ahead of plan
LONDON — Motive Television (“Motive” or “Company”) has been informed by Digiturk, the largest satellite broadcaster in Turkey with over 2.5 million subscribers, that during 2013 approximately 115,000 set-top boxes containing Motive’s technology were provided to subscriber homes. Motive was also advised that a similar figure is anticipated for the year 2014.
This exceeds the estimates given by Motive on 29 May 2013 when it announced that “although it cannot predict the eventual number of Digiturk subscribers who may take up the Company’s technology in the next two to three years, the Company conservatively estimated that at least 100,000 of Digiturk’s subscribers would receive set-top boxes with Motive’s technology”. Motive receives license fees royalties based upon the number of set-top boxes manufactured that are enabled with Motive’s technology payable twice yearly based on shipments for the past six months.
These better than predicted sales are expected to contribute to the Company’s revenue for the year ended 31 December 2013 being at least as high as the revenue generated in 2012.
Leonard M Fertig, CEO of Motive commented, “Today’s figures indicate that this prior estimate will be exceeded and this is evidence of success and rapid acceptance of the product. Motive continues to work with Digiturk to support and further develop its services.”