logo-loader
viewLinius Technologies Ltd

Linius Technologies begins generating commercial traction as it continues to invest in patents

In management’s opinion, the company is hitting its commercial stride, with a full pipeline of advanced opportunities.

Linius Technologies Ltd - Linius Technologies begins generating commercial traction as it continues to invest in patents
Linius recently raised $3.5 million with management contributing heavily

Linius Technologies Ltd’s (ASX:LNU) unique technology enabling it to virtualise video has allowed the company to continue investing in patents during the financial year ended June 30 2019 (FY19).

Management believe that the size of the markets, long term revenue potential and long trailing revenue models justify the FY19 investment in getting the technology and other operational assets in place at an industrial, internet scale.

Linius’ core technology enabling it to virtualise video (Video Virtualization Engine or VVE) now has patents granted in all key regions around the world.

Importantly, the company has begun to generate commercial traction in FY2019.

Direct sales and commercial opportunities

During FY19, Linius’ hyper-personalization application of VVE successfully went through many proof-of-concept trials.

Examples include Warner Bros, in the media and entertainment vertical, successfully comparing the delivery of long-form, high-value movies virtually with traditional methods; and Oklahoma State University, in the education sector.

The first commercial deal was closed in the news vertical with Swedish news provider Newstag.

Subsequent to the close of the year, the company also announced its first commercial deal in the sports vertical, with Australian company SportsHero (ASX:SHO).

Both SportsHero and Newstag are revenue-generating in FY20. In management’s opinion the company is hitting its commercial stride, with a full pipeline of advanced opportunities.

These initial deals and proof of concepts are important to Linius’ success because of their replicability.

Each solution was built by a third-party system integrator and can be quickly deployed for future clients, reducing friction in adopting Linius’ VVE technology.

Quick facts: Linius Technologies Ltd

Price: 0.014 AUD

ASX:LNU
Market: ASX
Market Cap: $18.34 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Linius Technologies Ltd named herein, including the promotion by the Company of Linius Technologies Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Linius Technologies agrees deal with LiveTiles to create enhanced video...

Linius Technologies Ltd's (ASX:LNU) Chris Richardson and LiveTiles Ltd's (ASX:LVT) Karl Redenbach speak to Proactive's Andrew Scott soon after the two signed a deal to deliver an enhanced video meeting solution. The partnership will see the development of a LiveTiles powered user interface...

on 20/4/20

2 min read