- Cloud-based solutions company Linius Technologies (LNU) has updated the market on its client projects
- The company stated multiple clients have been impacted by COVID-19, especially the sporting industry
- Linius and LiveTiles (LVT) have secured its first client for its video conference platform
- Over in sports, Linius is making personalised TV channels for basketball fans which is set to be launched in October
- Additionally, Linius is helping new client Grafa to create a finance and business news app, which is in the final stages of development
- On market close, Linius is down 12.2 per cent and is trading for 3.6 cents per share
Cloud-based solutions company Linius Technologies (LNU) has updated the market on its clients projects.
The company said multiple clients have been impacted by COVID-19, such as Sports Hero, NBL and others.
Linius' technology makes hyper-personalised videos possible. The company has secured all patents, trademarks and copyrights for its technology which is now being rolled out commercially.
The company is targeting three sectors - AI Meeting Solution, Sports and News.
AI Meeting Solution
The company's client LiveTiles (LVT) provides an intelligent workplace intranet platform for SharePoint, Azure and Office365.
The businesses aim to deliver the LiveTiles Intelligent Meeting Solution.
LiveTiles will integrate Linius' technology into its core platform, which will provide LiveTiles users the ability to extract unique and personalised videos from previously recorded meetings.
The companies have now secured their first client, a leading university.
Video conferencing market is booming with revenues in excess of US$14 billion (approx A$19 million) in 2019. The market is expected to grow over 19 per cent compound annual growth rate (CAGR) between 2020 and 2026.
In the sporting industry, Linius had wins with Racing.com, SportsHero and NBL, however, they were delayed due to the COVID-19 pandemic. The technology is ready to go live once the sports begin again.
The company is making personalised TV channels for basketball fans which is set to be launched in October.
The market for basketball represents an 8.6 per cent share of the US$49.5 billion (around A$67 billion) sports media rights. It is also the only sport to achieve a consistent double digit growth over the longer term.
Over the globe, basketball is the number two sport and has over 200 countries participating in the game and over 450 million players.
Over in the media industry, Linius has personalised services to a new client Grafa.
Grafa is a finance-focused social network platform and is aimed to make finance simple and entertaining, with hopes of becoming an agnostic trading platform.
The solution is an app that will be personalised news for investors about business and markets. The app is currently in the final stages of development and Linius's solution is ready for integration.
On market close, Linius is down 12.2 per cent and is trading for 3.6 cents per share at market close.