Amino brings forward investment as IPTV grows -

Amino brings forward investment as IPTV grows

CAMBRIDGE, England — Amino Technologies is bringing forward investment in people, resources and premises originally planned for 2005 to enable it to take advantage of substantial growth opportunities.

It will be spending an additional £0.5million in the current year to establish enhanced sales, marketing, engineering and support facilities.

In the last three months Amino has continued to see marked increases in businesses activity as the IPTV market develops. The total number of customer companies evaluating Amino products has risen from 356 to 407. The number of customers placing repeat orders after preliminary evaluation has also risen from 24 to 77. The number of customers undertaking extensive field trials is up from 30 to 35 while the number of customers in volume roll-out has gone from 20 to 24.

Significant contract wins have been made since the end June in Southern Europe, Russia and the USA.

The increased investment covers expansion in US sales and support including the relocation of a senior executive from the UK to the Atlanta office; and establishment of a sales and support office in Hong Kong and a senior sales appointment for Asia Pacific. The number of sales, marketing and operational staff will rise from 62 at the end of June to 80 by the end of November while the engineering and HQ facilities in Swavesey, Cambridge, will be expanded.

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