Business
Shareholder Update
Shareholder Update.
About this update from Blackbird Plc
[{"type":"text","content":"\n \nRNS Number : 1329Z Forbidden Technologies PLC 13 December 2017 \n\nDissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR)\n \n13 December 2017\nForbidden Technologies plc\n(\"Forbidden\" or the \"Company\")\n \nShareholder update\n \nForbidden is today providing it shareholders with an update on the progress of its business.\n \nIntroduction\n \nIn September 2017 Ian McDonough joined Forbidden as the Company's Chief Executive Officer. Ian's appointment followed the previous Chief Executive Officer leaving the Company in February 2017. \n \nSince his appointment, Ian has made an in-depth review of the Company's business and has already made significant progress against a new set of priorities. These priorities include:\n \na) building Forbidden's strategy, capabilities and commercial focus around the Company's core patented technology Blackbird™;\n \nb) engaging directly with the Company's existing customers across North America and in the UK and having discussions with prospects on both sides of the Atlantic;\n \nc) implementing and progressing Proofs of Concept (\"PoCs\"), in line with the Company's new strategy; and\n \nd) replacing most of the Company' sales and marketing team. \n \nBlackbird\n \nBlackbird is the visionary piece of patented video technology that differentiates Forscene. Invented and developed by Stephen Streater, Blackbird is a high-performance video codec. It provides a responsive viewing experience and frame accurate manipulation of content from multiple locations across the media supply chain. Blackbird runs effectively in the cloud, on premises and in hybrid solutions. \n \nSurrounding Blackbird is a suite of microservices that take advantage of this patented technology. The Company's video platform, Forscene, helps solve many of the challenges and opens up new opportunities that companies are looking for with their live, non-live and archived content. Forscene can be integrated into existing and developing media supply chains.\n \nCustomers\n \nThe Company is now talking to customers about how Forbidden can increase speed to market, reduce hardware footprint, provide better video content ...