REG - Blackbird PLC - Powered by Blackbird Update

BlackbirdAnnouncement

13/12/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221213:nRSM4561Ja&default-theme=true

RNS Number : 4561J  Blackbird PLC  13 December 2022

 

13 December 2022

Blackbird plc

(the "Company")

 

Powered by Blackbird update

 

Blackbird announces EVS as its first technology licensee as EVS launches its
web-based editing application

 

Blackbird plc (AIM:BIRD; OTCQX:BBRDF), the technology licensor, developer and
seller of market-leading cloud native video editing platform, Blackbird,
announces that EVS Broadcast Equipment ("EVS"), its first technology licensee,
has launched its web-based editing application named "IPD-VIA Create". IDP-VIA
Create was built by EVS in collaboration with the Company.

 

EVS is a leader in live video technology for broadcast and new media
productions. Through a wide range of products and solutions, EVS delivers live
sports images, entertainment shows and breaking news content to billions of
viewers every day in real-time.  EVS is headquartered in Belgium with offices
in Europe, the Middle East, Asia and North America, and provides sales and
technical support to more than 100 countries. EVS is a public company traded
on Euronext Brussels. For information on EVS see www.evs.com (about%3Ablank) .

 

This news follows the Company's announcement, on 7 September 2021, that a
global broadcast company (now announced as EVS) had licensed the Company's
core video technology, including its patented video codec technology, for a 5
year period in a deal worth a minimum €2 million over the contract length.
The minimum contract value comprises both a development fee and license fees
for editor seats and channel feeds added to the new applications which are
underpinned by annual minimum guarantees.

 

IPD-VIA Create is fully integrated into EVS' ecosystem, providing instant
access to all content through an easy to navigate browser-based interface. As
a result, users can work with their assets from anywhere in the world and
immediately view and push edited content to craft editors or directly
distribute it in broadcast quality to multiple channels.

 

EVS will be showcasing the new IPD-VIA Create application for the first time
at the SVG Summit in New York on 12 and 13 December 2022.

 

The full EVS announcement of the launch of IPD-VIA Create can be found at
https://evs.com/company/news/evs-launches-ipd-via-create-web-based-editing-application
(https://evs.com/company/news/evs-launches-ipd-via-create-web-based-editing-application)

 

Blackbird plc's CEO, Ian McDonough, commented: "This is a very exciting moment
for Blackbird and EVS. By licensing our "Powered By Blackbird" video
technology, IPD-VIA Create affords end users with a full editing suite
embedded in the EVS ecosystem. The editing suite has all the same speed,
efficiency, and carbon reduction benefits that direct Blackbird customers
enjoy. As part of a seamless end-to-end workflow, this state-of-the-art
solution can rapidly deliver time and cost reduction efficiencies.
Additionally, this workflow enhances end user performance through advanced
functionality and Blackbird's highly responsive patented codec. The profound
knowledge, experience and skills of both companies' teams have combined to
deliver a product we are incredibly proud of and has the potential to unlock
huge value for the global media industry for years to come.

 

"As announced in September 2021 this is our largest contract to date, worth
over €2 million over 5 years, and a very exciting step on our journey to
progress our enterprise solution. Following our fundraise in December 2021, we
are also making good progress to introduce solutions on a self-service model
to address a wider market".

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 (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 used 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 (https://www.youtube.com/c/Blackbirdcloud)

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDTTBBTMTTBTBT