CAMBRIDGE, England Amino Technologies, the broadband network software and systems manufacturer which listed on the London Stock Exchange AIM market in early June, has reported a first-half profit before tax and exceptional items of £0.84million up from a loss of £1.57million for the same period last year.
The company is primarily involved in the design and manufacture of miniature set-top boxes (STBs) for the Internet Protocol Television (IPTV) market. IPTV allows telephone operators to use their existing copper lines to provide multiple television channels, video-on-demand and CD-quality music, alongside voice and Internet services.
Amino's turnover for the half-year ending June 30, 2004 increased to £7.42million compared with £0.15 million for the same period last year. The company shipped over 91,000 of its STBs during the period, up from under 1,000.
Grant Masom, Amino's Chairman, said, ”In the past 6 months the IPTV market has started to evolve at great speed and early adopters are now rolling out systems in America and the Far East and we are starting to see deployments in Europe.”
In addition to selling systems which operate across broadband networks Amino is also having success in delivering IPTV technology which operates on high-speed private networks. It is currently involved in a complete system deployment known as TALIA for a major UK hotel chain.
Over 360 companies worldwide are evaluating Amino products, up from 147 in the first half of last year and the number of customers involved in volume roll-outs, that is in excess of 1,000 units, increased from two to 20.