PeerTV inks Android OTT distribution
| 21 June 2014
PeerTV, a provider of Android-based over-the-top (OTT) delivery solutions, has announced a supply and distribution deal with an as yet unnamed US OTT operator.
The operator will purchase PeerTV’s Android set-top boxes and distribute these in both the US and Irish markets.
The US company plans to roll out its OTT services in several countries over the next two years and PeerTV will be its exclusive set top box supplier. PeerTV has agreed a sole supplier distributorship in North America and Ireland, subject to the achievement of minimum sales levels of at least $3 million over the first three years.
In addition, PeerTV’s latest partner has pledged to purchase a minimum of 50,000 Android set top box units within three years. The companies will be co-operating in product development and marketing.
This new win comes on top of recent announcement by the group of similar OTT hardware and software supply deals in Germany and Poland.
“This important new agreement provides PeerTV with the opportunity to acces major international markets with exciting growth potential for OTT,” said PeerTV CEO Avi Vermus. “We will now have direct access to a range of high growth markets, including the USA and a key strategic distribution partner who has ambitious plans and a commitment to extensive marketing.”