Forbidden Technologies Wins New Deal In Sports Post Production

LONDON (Alliance News) - Forbidden Technologies PLC said Monday that it has won a new agreement ...

Alliance News 11 May, 2015 | 8:05AM
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LONDON (Alliance News) - Forbidden Technologies PLC said Monday that it has won a new agreement in the sports post production market which helps underpin its expectations for its current financial year.

Financial details of the contract are bound by various confidentiality clauses, but Forbidden said it expects revenue over the lifetime of the contract to be "material" in the context of its previous contracts in this space.

Forbidden operates a cloud-based video editing platform called Forscene.

"The company believes the agreement is an important step in positioning Forscene as a leader in the sports digital content post production market," it said in a statement.

Shares in Forbidden Technologies are trading up 9.5% at 8.35 pence Monday morning.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
Forbidden Technologies PLC 5.65 -
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