Amino, the broadband television software company based in Cambridge, England, has reported a strong first year’s results.
Within a short period the start-up company has established itself as one of the key players within the IPTV arena.
Turnover in the first year of public trading on the Alternative Investment Market since admission in June 2004 jumped to £13.2m, up from £1m the previous year, registering a £0.53m profit on shipments of 174,000 set-top boxes.
Amino provides products for digital broadcast and on-demand IPTV or internet protocol television and in-home multimedia distribution. Its range of small, low cost, high functionality set-top boxes and gateway products is designed for consumer applications in telecom, satellite and digital terrestrial broadcast markets, as well as on-demand systems for hotels and hospitality markets, healthcare, retail and education.
Chairman Grant Mason is optimistic, saying the current year started with a strong order book and anticipating a sharp increase in sales in the coming year.
The company reports that it is engaged in trials and roll-outs with 216 customers and says the IPTV market is developing at an exceptionally fast rate and the number of opportunities Amino is actively engaged with has grown faster than anticipated.
It says its particular strength is the ability to partner with and rapidly integrate most suppliers of the different elements of the IPTV system, irrespective of the mix chosen by a particular telecom operator.
Amino also caters for the hospitality sector, offering a pay-to-view system marketed by NEC under their brand name of Talia. Another key growth area is the home network market.
Currently the company provides its technology through its own hardware products, but says a key element of its future strategy will include licensing software and hardware designs to customers.
The introduction of triple-play of video, voice and data services has become a clear goal of virtually all telecommunications operators worldwide. The tier 1 players are entering the market and momentum continues to accelerate. Amino is well established with the first generation of technologies and is now demonstrating the next generation of advanced compression MPEG 4 and WM-9 products.