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PeerTV confirms new development capital
The AIM listed company is already active in the US, Irish, Polish and Russian markets, where it is the technology partner for a number of OTT content partners delivering successful subscription based models.
The new funding will take the form of an equity facility of up to £1.5 million under the terms of a standby equity distribution agreement or SEDA.
Commenting on this latest development, CEO Avi Vermus said, “We believe that this new equity facility is a vote of confidence in our recent rapid progress. Our Android set top boxes now offer quad core processing and H265 compression, , which means they deliver higher quality picture and sound to users, but use less than half the bandwidth required by the previous generations of set top boxes.”
PeerTV announced today that it will be attending the IBC expo (http://www.ibc.org/
For more information on PeerTV, log on to www.peertv.com or email email@example.com