PEB Pebble Beach Systems Group Plc

TIDMPEB

RNS Number : 4101G

Pebble Beach Systems Group PLC

06 November 2018

Pebble Beach Systems Group plc (the "Company" or the "Group")

Order Update

Pebble Beach Systems Group plc (AIM:PEB) ("Pebble" or the "Company"), a leading global software business specialising in solutions for playout automation, and content serving customers in the broadcast markets, is pleased to announce two new significant orders which will help underpin the Company's existing internal forecasts for FY18 and FY19.

An order has been received from a large European commercial broadcaster for its traditional automation and playout technology. The order value is approximately GBP1m and the project is to be commissioned this month, ready for an on air date in early 2019.

A second order has been received from a European broadcast service provider. This order, also with a value of approximately GBP1m, is for their new, state of the art, IP-based facility which is currently under construction in Zürich. The contract is expected to be finalised in the first part of November, and the new facility is scheduled to open in the autumn of 2019.

The company remains on track to deliver improved profitability as a direct result of the restructure undertaken throughout 2017 and H1 2018.

For further information please contact:

 
John Varney 
 Non-Executive Chairman 
 Pebble Beach Systems Group plc   +44 (0) 75 55 59 36 02 
 
 
Shaun Dobson / James White 
 N+1 Singer                       +44 (0) 20 74 96 30 00 
 

The Company is listed on the LSE AIM market (PEB.L). More information can be found at www.pebbleplc.com.

About Pebble Beach Systems Limited

Pebble Beach Systems Limited (Pebble) is a leading developer and supplier of automation, channel in a box, integrated and virtualised playout technology for TV broadcasters, service providers, and cable and satellite operators. Founded in 2000 and headquartered in Weybridge, Surrey, Pebble has developed a portfolio of successful products which have the flexibility to support a wide range of broadcast applications with scalable products designed for highly efficient multichannel transmission as well as complex news and sports television. Installed in more than 70 countries and with proven systems ranging from single up to over 150 channels in operation, Pebble's international client base includes TV Globo Brazil, Fox News and Business channels USA, ZDF Germany, Orbit Showtime Network UAE, TV4 Sweden, TV2 Denmark, MTG UK, DMC in the Netherlands and AMC Networks Inc. USA.

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