Digislide signs licensing deal in IPTV partnership
- 29 November, 2010 08:49
Projection technology company Digislide (ASX:DGI), which is making moves into the IPTV market, has executed a five year licensing agreement with Sonora to help pursue this ambition.
DGI shares shot up 22.67 per cent to $0.092 on Friday's trading following the announcement.
The licensing deal with Canadian 3D graphics company Sonara allows Digislide to use Sonara's 3D Avatar and speech recognition technologies to provide a virtual on-screen host for an IPTV platform.
It forms part of the partnership between Digislide, Sonora and Australia's Voicetek to develop IPTV products combining the companies' technologies.
The technology is being developed through Digislide's wholly-owned subsidiary VSDN Australia. As part of the partnership deal, Sonora has incorporated VSDN Canada, in which Digislide will acquire a 25 per cent stake.
VSDN stands for Virtual Streaming Distribution Network, which Digislide said promises to enable IPTV and live broadcasting over the internet without buffering caused by time lags.
Digislide has started trialling and demonstrating VSDN technology in Adelaide, with further demonstrations planned in Canadian and US markets from February to April next year.
The company has meanwhile revealed its Digishow projector is finally available on Amazon, after months of delays. Digislide announced it had submitted the product to be approved for a listing on the online retailer in February.