Shares in TV2U (ASX: TV2) spiked 28% on Thursday after the company announced that former Microsoft product development manager, Alan Boyd, had been appointed to the Board.
Boyd’s background includes a lengthy period with Microsoft during which he was responsible for the development of software products such as Microsoft Word, Windows, Excel and MS-DOS.
He was also the man behind SmartCity Software, a company he founded to acquire technologies needed for China’s massive smart city development program.
As an advisor to the Chinese Government on technology and IP development, his knowledge and business network in China will be of importance in presenting TV2U technology to commercial opportunities within China.
The following video gives you a sense of the impact Boyd has had in China.
TV2U owns and continues to develop innovative technology that empowers customers to increase profitability by generating revenue through new media interactive entertainment services.
However, it is still an early stage play and investors should seek professional financial advice if considering this stock for their portfolio.
Connectivity to nearly 200 countries
The group’s cloud-based content service provides operators with an accelerated time to market and cost-effective Over the Top (OTT) interactive service.
TV2U’s Managed OTT Platform deployed at NTT MSC’s world-class facilities has network connectivity to nearly 200 countries for global distribution of content and services. NTT communications is part of the NTT Group, which is a Top 100 ranked corporation in the Fortune Global 500 that generates approximately $100 billion in revenue across 10,000 enterprise clients.
After leaving Microsoft, Boyd introduced the first hypertext browser and established hypertext as a key technology for the Internet, indicating his ability to develop and bring new technologies to market.
This should benefit TV2U as it looks to forge a presence in the fast changing media space where virtual, augmented and mixed reality is poised to come online.
Boyd said that new business models and distribution channels are disrupting the old ways of doing things and opening massive new global opportunities, making it an ideal time for companies such as TV2U to introduce their product offerings.