Linius Technologies Limited (ASX: LNU) (Linius) is pleased to update investors on progress achieved in the past week toward commercialisation of its Video Virtualization Engine™.

Per Linius’ ASX release of Friday 16 September, Linius has achieved beta release of its revolutionary video core technology with a successful demonstration at the 2016 International Broadcasting Convention (IBC 2016) in Amsterdam.

IBC is one of the world’s biggest broadcasting shows. This year’s six-day conference and exhibition attracted 55,796 attendees from more than 160 countries.

Linius’ entire calendar was pre-booked with meetings with product managers, technologists and C-suite executives from major video companies.

With the addition of constant drop-by meetings at the Linius conference stall, in the past week Linius has presented its value proposition to several hundred new potential industry partners and future clients.

STRONG TRACTION IN SEVERAL VIDEO INDUSTRY SECTORS

The Linius technology resonated strongly with decision-makers representing the entire global video value chain.

Chris Richardson, Chief Executive Officer of Linius Technologies, said:

“Presenting at IBC has boosted Linius’s profile significantly.

“Linius has been specifically targeted for partnership discussions by companies ranging from video software providers, to content delivery networks (CDNs), to global film studios. The potential partners approaching us are indicating that the Linius technology could add significant value throughout several distinct parts of the video value chain.

“We are noting great interest specifically from portions of the video industry at risk of suffering commoditisation, such as CDNs. These industry players view Linius’ capabilities as a route to stronger potential profits via differentiation.

“Linius can confirm that it has initiated at least three new, important showcase partner discussions as a direct result of presenting at IBC and we are progressing these discussions under non-disclosure agreements.”

Fearghal Kelly, Chief Executive Officer of Digisoft.tv, Linius’ first commercial channel partner, said:

“Exhibiting alongside Linius has promoted tremendous interest in our industry-leading software for cable TV presenters.

“Cable TV providers are very excited by the potential for Linius and Digisoft to insert personalised advertising into TV streams on the fly through legacy set-top boxes. We’ve already had requests and are scheduling meetings for further discussions with several cable companies toward the implementation and license of joint Linius/Digisoft solutions.”

ALL KEY SOFTWARE FEATURES NOW DEVELOPED, COMMERCIAL RELEASE IMPENDING

Linius notes that its successful completion of a beta release and integration with Digisoft brings Linius close to commercial release of its software. With all key features now developed and demonstrated, the next steps include creating more integration kits for potential partners and enhancing stability at scale.

Linius continues to anticipate achieving commercial release in the first calendar quarter of 2017.

EUROPEAN AND NORTH AMERICAN INVESTOR ROADSHOW

Following its successful beta release and showcase launch at IBC, Linius CEO Chris Richardson has been meeting with international investors, raising awareness of the opportunity to invest on-market at this early stage.

Linius is very pleased with the results of bringing the Linius story to a range of new and existing institutional and high net worth investors in Europe, the UK and the US.

UPDATED INVESTOR PRESENTATION AND AUSTRALIAN ROADSHOW

A newly updated investor presentation, including the outcomes achieved at IBC 2016, has been prepared and released to the market. Click here to view the updated Investor Presentation.

Chris Richardson will be updating existing shareholders and prospective investors in Australia via investor roadshows over September 28th – October 12th, in Melbourne, Sydney, and Perth.

About Linius Technologies Limited

Linius Technologies Limited (ASX: LNU) is a developer of disruptive video technology. Based in Melbourne, Australia, it seeks to apply its lead product — the Linius Video Virtualization Engine™ — throughout the global digital video value chain to cut costs and boost revenues for enterprise customers.

Although potentially applicable throughout the digital video value chain, Linius is currently pursing technology showcase partnerships with three multibillion-dollar industry segments: the transcoding, delivery and personalised advertising markets.

As showcase deployment progresses to confirm the software’s capabilities, Linius will market these achievements to potential partners through the digital video value chain to fast-track commercialisation.

For more information visit: www.linius.com