REG - Blackbird PLC - Blackbird names new SaaS Product, elevate.io

BlackbirdAnnouncement

14/09/2023 07:15

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RNS Number : 4383M  Blackbird PLC  14 September 2023

14 September 2023

 

Blackbird plc

(the "Company")

 

Blackbird names new Creator SaaS Product, elevate.io

 

Blackbird plc (AIM:BIRD; OTCQX:BBRDF), the technology licensor, developer and
seller of market-leading cloud native video editing platform, Blackbird,
showcased and named its Creator SaaS product, elevate.io, to a number of
investors over two Special Events in Shoreditch, East London on Wednesday 13
September 2023.

 

Accessible from a web browser and featuring multi-player collaborative
functionality, elevate.io is the Company's new end to end video creation tool,
built by Blackbird. The product, which addresses the wider creator economy,
will be accessible by anyone with a laptop and credit card. The digital
content creation market size was $20 billion in 2022 and forecast to grow to
$181 billion by 2032(( 1 )).

 

The events gave an insight into elevate.io and outlined its USPs, core
features, branding and go to market strategy. elevate.io is scheduled for
early access in Q4 2023.

 

Blackbird plc's CEO, Ian McDonough, commented:

 

"Our overarching ambition is to simplify video content creation and
distribution at scale by harnessing the power of our codec. We aim to take
powerful video content creation functionality to the web with multi-player
collaboration in real time, an area which is hugely underserved. It will be a
tool, not a toy, appealing to both professionals and content creators.
elevate.io has a unique set of disruptive features and is designed to solve
tangible problems for the fast growing Creator economy."

 

(( 1 )) Source
https://www.globenewswire.com/en/news-release/2023/04/19/2649709/0/en/Digital-Content-Creation-Market-to-Hit-US-181-4-Bn-in-2032-Grow-CAGR-by-25-7-Y-O-Y.html

 

Contacts:

 

Blackbird plc
                                       Tel: +44 (0)20 8879
7245

Ian McDonough, Chief Executive Officer

Stephen White, Chief Operating and Financial Officer

 

Allenby Capital Limited (Nominated Adviser and
Broker)              Tel: +44 (0)20 3328 5656

Nick Naylor / Piers Shimwell (Corporate Finance)

Amrit Nahal / Guy McDougall (Equity Sales and Corporate Broking)

 

About Blackbird plc

 

Blackbird plc operates in the fast-growing SaaS and cloud video market. It has
created BlackbirdⓇ , the world's most advanced suite of cloud-native
computing applications for video all underpinned by its lightning fast codec.
Blackbird plc's patented technology allows for frame accurate navigation,
playback, viewing and editing in the cloud. BlackbirdⓇ  enables multiple
applications, which are used by rights holders, broadcasters, sports and news
video specialists, esports, live events and content owners, post production
houses, other mass market digital video channels and corporations.

 

Since it is cloud-native, BlackbirdⓇ removes the need for costly, high-end
workstations and can be bused from almost anywhere on almost any device. It
also allows full visibility on multi-location digital content, improves time
to market for live content such as video clips and highlights for digital
distribution, and ultimately results in much more effective monetisation.
Blackbird plc is a licensor of its core video technology under its 'Powered by
Blackbird' licensing model. Enabling video companies to accelerate their path
to true cloud business models, licensees benefit from power and carbon
reductions, cost and time savings, less hardware and bandwidth requirements
and easy scalability.

 

www.blackbird.video (http://www.blackbird.video)

www.linkedin.com/company/blackbird-cloud
(http://www.linkedin.com/company/blackbird-cloud)

www.twitter.com/blackbirdcloud (http://www.twitter.com/blackbirdcloud)

www.facebook.com/blackbirdplc (http://www.facebook.com/blackbirdplc)

www.youtube.com/c/blackbirdcloud (http://www.youtube.com/c/blackbirdcloud)

 

(#_ftnref1)

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