Forbidden Technologies plc agrees expanded deal with iconic sporting venue
Forbidden Technologies plc (AIM: FBT), is pleased to announce that it has today agreed an expanded deal with an iconic sports, music and entertainment venue in New York.
To date the venue has successfully used Forbidden’s cloud video platform, Forscene, to improve its time to market for digital clips. Consequently, Forscene’s closed captioning capabilities have also established practical value. With the use of Forscene the venue has successfully achieved its objective of being first to market in the distribution of digital highlights of the events held at its location. The venue is now expanding the number of live feeds to this clipping service.
Chairman of Forbidden Technologies plc, David Main, said “Expanding the scale of our relationship with this iconic venue is clear validation of the value we can bring into the live sports and entertainment market. Our Forscene cloud video platform provides the venue with the capability to outperform competition in terms of speed to market for the highlights of live events.”
Forbidden Technologies plc
David Main, Chairman
Jonathan Lees, Chief Financial Officer
Tel: +44 (0)20 8879 7245
Allenby Capital Limited (Nominated Adviser and Broker)
Tel: +44 (0)20 3328 5656
Redleaf Communications (Financial PR Adviser)
Tel: +44 (0)20 7382 4730
About Forbidden Technologies plc
Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.
Company develops, markets and licenses a powerful cloud video platform, with multiple applications, which can be used by rights holders, broadcasters, sports and news video specialists, post-production houses, other mass market digital video channels, corporates and consumers. The platform helps provide customers visibility on all their content and more effectively monetise their content, including improving their time to market for live digital content such as clips and highlights packages for social media.