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MOTIO LTD — Capital/Financing Update 2016
May 2, 2016
65390_rns_2016-05-02_0543eb81-fd49-43b4-aa9f-72794476b8df.pdf
Capital/Financing Update
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3 May 2016
Market Announcements Platform ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000
XTD Signs New Cross‐Track Digital Agreement with APN Outdoor
XTD Limited (ASX: XTD) ( XTD or the Company ), the Australian‐based operator of cross‐track digital media communications systems for transit environments, has renewed its partnership with leading outdoor media provider, APN Outdoor Group Limited (ASX: APO).
The agreement means that APN Outdoor will continue to provide XTD with advertising content for the digital screen systems that are owned and operated by XTD in the Melbourne and Brisbane metro rail networks.
XTD and APN Outdoor are the Australian pioneers of digital video and sound systems for metro‐rail networks. In September 2014 the companies entered into an initial agreement where APN Outdoor became the provider of advertising content for XTD’s system in the Melbourne Metro Rail network, in parallel with APN Outdoor’s own cross track system in the Sydney metro network.
In June last year XTD launched its system in Brisbane, introducing a world first with the addition of cross track digital screens in open‐air locations.
“We are delighted to continue our partnership with APN Outdoor and signing the new agreement is a big milestone for us,” said XTD CEO Steve Wildisen. “We have benefited significantly from the recognition of digital out‐of‐home as a highly effective and flexible marketing medium. We have a close working relationship with APN Outdoor and we are looking forward to this new period of accelerating business.”
In addition to its Australian cross‐track digital systems, XTD is in advanced discussions with major metro rail operators in several of Asia’s largest cities. The Company also has on‐going discussions with metro rail operators in several key cities in the USA.
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For more information, visit www.xtd.tv or contact:
| Steve WildisenChief Executive[email protected] | Nathan Ryan+61 420 58Investor relations and menathan.ryan@nwrcommu | 0 887dianications.com.au |
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