Odin Energy (ASX:ODN), capitalised at around $400,000, recently signed a binding heads of agreement to acquire TV2U.TV2U technologies enables telecommunication companies and network operators to generate revenue through by delivering live video content to multiple consumer devices, simultaneously over multiple networks, on a global scale.TV2U’s cloud technology features targeted advertising that maximises audience engagement through its social media-driven content recommendation engine and increased quality and reliability of mobile video delivery.TV2U currently supplies video IP solutions in Malaysia, Indonesia and the United States and is negotiating the expansion of its activities in all three domains. Executive Director of TV2U Nick Fitzgerald is currently Vice President of Digital Rapids Asia, a pioneer in encoding and transcoding technology. The acquisition terms and consideration are yet to be finalised, and the venture will be subject to due diligence and shareholder approval.Odin has also appointed SilikonRok, a specialist Information Technology group, as technical advisor as it undertakes a review of the technologies developed by TV2U.SilikonRok’s role will be to assess the commercial merits and development opportunities that may exist. Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.
