21 May 2012
Embargoed for 07:00
ANT plc
("ANT" or "the Company")
AGM Statement
At its Annual General Meeting ("AGM") to be held at 9.00 am today, Royston Hoggarth, Chairman of ANT plc, (LSE AIM: ANTP), a leading provider of software and services for the delivery of digital TV, will make the following statement regarding trading in the year to date:
"In what we anticipate to be a period of long-term growth for the Connected TV market, we have continued to see a lengthening in sales cycles which is having an impact on the signing of new licenses. This has, however, been balanced by encouraging levels of royalty revenue in the first quarter from existing ANT Galio licensees who are now shipping in increased volumes.
"As indicated at the time of the Company's final results, Cisco, an existing customer of ANT's, has begun deploying its ANT Galio Platform enabled set-top boxes (the Videoscape Voyager Vantage solution and Cisco Explorer range) in material volumes into the North American cable TV market. Cisco is the first to combine a complete Web Services technology solution with traditional cable distribution in North America and provides ANT with a gateway into this significant market.
"While the Board remains mindful of the current economic climate, the growing interest in the Connected TV and set-top box markets means we continue to have confidence in the outcome for this year and beyond."
For further information, please contact:
ANT plc | 01223 716400 |
Simon Woodward, CEO or Pauline Ingram, FD |
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Westhouse Securities | 020 7367 9071 |
Tom Griffiths |
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Newgate Threadneedle | 020 7653 9850 |
Caroline Evans-Jones or Fiona Conroy |
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About ANT
ANT plc (www.antplc.com) develops and deploys embedded software solutions and services for the TV industry. The ANT Galio Suite, a browser, client and applications stack, is an open standards based, flexible application & middleware solution for a wide range of consumer TV platforms. Using its experience of TV, ANT provides powerful solutions to its customers by combining consultancy and engineering services with its highly capable platform products.
ANT enables its customers to quickly create and roll-out innovative and successful applications and TV services. Its software is deployed in both operator and free-to-air retail markets. By working with ANT, operators are able to attract new subscribers, reduce churn and increase average revenue per user. Those targeting the retail market are able to differentiate their product range to increase unit sales and generate on-going revenue opportunities.
ANT's software has been extensively deployed by customers throughout the world including ADB, Amino, Bouygues Telecom, Cisco, Chunghwa Telecom, Coship, HwaCom, France Telecom, Humax, Pirelli, Sagemcom, Samsung, Technicolour, Telecom Italia and YouSee.
ANT plc's shares are listed on AIM, a London Stock Exchange regulated market, under the ticker ANTP (Reuters: ANTP.L, Bloomberg: ANTP.LN).
