Axel Technologies, a global pioneer in multistandard mobile TV, announced today that they have secured a new 2.4 million euro investment for business and product development. Axel Technologies develops mobile TV technology that will enable device manufactures to bring mobile TV to all portable devices. Their multistandard-multiplatform technology will support all the key mobile TV standards.
The investment will be used to accelerate Axel’s global sales and marketing, and to intensify R&D efforts focused on anticipated developments in the mobile TV market. According to RNCOS, mobile TV subscribers are forecasted to reach 250 million by 2010. Juniper Research estimates that over 330 million people will have mobile TV enabled phones by 2013.
Axels’s technology enables an easy-to-use mobile TV interface to be available on other devices beyond mobile phones as mobile TV functionality now easily can be added to mobile internet devices, portable media players, netbooks or car navigators.
The device manufacturers are now looking for a technology that enables them to manufacture global devices rather than customised solutions for each region or market. With a wider range of different devices available worldwide, operators and broadcasters will have the basis on which to create a successful mobile TV business.
Comment: couldn’t agree more – let’s get more interoperable, multi-standard Mobile TV tech out there as soon as possible! Without it, we are only going to get stovepipe solutions!
You can check out Axel Technologies’ website here.
Thanks to Markus for that update!