Linius Technologies Limited (ASX: LNU) has inked an agreement with systems integrator Hemisphere that intends to launch its new ‘plug and play’ Search and Assembly Application on Linus’ Software-as-a-Service (SaaS) platform, Linius Video Services (LVS).
This agreement follows the Hemisphere’s recent decision to establish a personalised advertising technology on Linius Video Services (LVS) SaaS platform.
Cloud-based solution provider, Linius is positioned as the only entity that converts static video into hyper-personalised video experiences through its own invented and patented Video Virtualization Engine (VVE). The world-first Video Virtualization Engine (VVE) invented by Linius is available on Amazon Microsoft Azure, Web Services, and IBM Cloud.
Hemisphere Managing Director, Glyn Beaumont, stated that Hemisphere’s decision to build its products on LVS is based on the Linius’ incredible virtualisation technology that creates immense value over the entire video workflow.
The company informed that once new ‘plug and play’ Search and Assembly application gets launched on LVS, organisations across the globe would be able to deploy Linius’ revolutionary video search and assembly services.
Just after the deployment, Linius plans to target the video-rich markets including Media, Education, Sports, and Gambling sectors. Its marketing campaigns primarily aim to actively involve the developer communities in building new video solutions.
Chief Executive Officer of Linius, Chris Richardson, stated that “This is about mass marketing.”
Linius’ revenue generation model is based on a ‘pay-as-you-use’ concept where a user is charged every time it uses the product to watch a video. With this new agreement in place, Hemisphere has agreed to invest in the LVS capability in return of 20% share of Linius’ transaction revenue with respect to the use of the Search and Assembly Application.
Linius aims to provide the distinctive capability that allows the audience to search within videos and only watch the parts they wish to watch. That means through Search and Assembly Application the users can easily search across client’s available video content, instantly assembling the components important to them, doing their search with keyword, titles and Artificial Intelligence-driven facial recognition.
The app would also allow the viewers to establish, edit and re-sequence their search outcomes to make their own individual list and can also share personalised videos. With respect to clients’ benefits, the application can be seen as revenue catalyst as it would increase the organisations’ monetisation by generating additional subscription and advertising revenue. The value of clients’ content is also expected to increase using Linius Artificial Intelligence (AI) services.
Established in 2008, Hemisphere is an information technology company that is primarily into the development of internet software and system integration. It is based in Auckland, New Zealand and specialises in the creation and monetisation of online video delivery solutions. Its clients base underscores the global giant in the media and entertainment sector including Disney, NBC Universal, CNN, NewsCorp and Comcast.
In today’s trading session, LNU stock price skyrocketed by 12.5% to last trade at $0.045 on 12 March 2019. Over the past 12 months, the stock declined by 60.00% including the negative price momentum of 25.93% recorded in the past three months.
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