Successful first day of trading for Amino Technologies PLC
to Press Archive
Cambridge, UK, 9 June 2004:
Amino Technologies PLC today floated successfully on AIM and as of 4.30pm, the share price stands at 138.5p, a rise of 18.5p on the offer price of 120p.
Commenting on today's success, Stuart Darling, Financial Director of Amino Technologies, said: "We are delighted with the very strong levels of interest and participation in the Offer from investors. It demonstrates that they recognise the potential within Amino and have confidence in our ability to drive future growth. We look forward to life as a listed company as we believe it will help us consolidate our position in the fast growing IPTV market."
Cambridge based Amino Technologies is a market-leading provider of low cost set-top boxes, software and systems for the delivery of interactive video services over broadband networks (IPTV). As its growing worldwide customer base attests, Amino's economic, flexible offering means that it acts as a key enabler in the rollouts of IPTV, as voice and data service providers engage in a critical race to win and retain customers through upgrades to digital triple-play services.
Amino operates in a high growth sector of the broadcast market, as maturing broadband networks and codec technology open up the possibility of providing video over networks that are currently dedicated to the internet or voice telephony.
Amino has established a global customer base including telcos such as SureWest, SiOL and Hong Kong Broadband, currently engaged in one of Asia's largest IPTV rollouts. In the hospitality market, Amino has partnered with NEC in Europe, which has recently launched its TALIA system with the announcement of a deal with Travelodge.
Amino Technologies PLC