Investment in V-Nova International Ltd

V-Nova

Latest News and Press releases about V-Nova International (3 months and 6 months)

(27/04/2016) V-Nova and Sky in Italy win NAB Best of Show Award for game-changing Full HD IPTV upgrade
(18/04/2016) Game-changing performance of V-Nova PERSEUS™ video compression validated by independent research
(12/04/2016) Eutelsat deploys V-Nova PERSEUS
(07/04/2016) FastFilmz provides OTT over 2G in India
V-Nova Preps UHD/4K Silicon IP for Licensing
The merger of BT and EE will also benefit from V-Nova Technology
Delivering 4K without infrastructure investments

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Investment details:

5 April 2017

LIMITLESS EARTH PLC
(“Limitless” or the “Company”)
Conversion of Investment in V-Nova International Ltd

Limitless, an AIM quoted investing company, is pleased to announce that it has agreed to convert its investment in V-Nova International Ltd (“V-Nova”).

On 18 December 2015, the Company invested £500,000 in V-Nova, a London based leading provider of signal and data compression solutions, in a convertible loan note. Under the terms of the convertible loan agreement, the Company was granted the right to exercise at a predetermined  early conversion price into Series B1 Participating shares.

The Board of LME decided to convert the loan note in V-Nova following V-Nova’s recent public announcements which include, inter alia, Eutelstat, the biggest European Satellite operator, becoming a minority shareholder in the company, Thaicom selecting the company’s technology for their UHD services and the rate of growth of the fastfilmz business in India. Further, LME was satisfied with V-Nova’s business plan and its execution to-date and the continued expansion of its patent portfolio and IP protection which provides Limitless with confidence in V-Nova’s market traction.

Guido Contesso, Director of Limitless, commented: “Because we are satisfied that V-Nova is progressing in line with its initial business plan, we made the decision to convert our loan into V-Nova shares at a predetermined early conversion price. Above all, we are encourage that leading Telecoms institutions have selected V-Nova’s. Our investment is in a company that, in our opinion, has great potential and importantly a highly skilled and experienced management team”

For further information, please contact:

Limitless Earth plc +44 (7780) 700 091
Guido Contesso http://www.limitlessearthplc.com/

Cairn Financial Advisers LLP +44 (20) 7148 7900
Nominated Adviser www.cairnfin.com
Jo Turner/Tony Rawlinson

Peterhouse Corporate Finance Limited +44 (20) 7469 0930
Broker http://www.pcorpfin.com/
Peter Greensmith/Charles Goodfellow

About Limitless Earth plc

Limitless Earth plc is a proactive investment company that focuses on making investments in and assisting companies which exhibit the potential to generate returns through capital appreciation. Limitless invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth linked to demographic change. Examples of such sectors include Cleantech, Life Sciences, nanotech, medtech, recycling, and new Internet opportunities.


18 December 2015

LIMITLESS EARTH PLC
(“Limitless” or the “Company”)
Investment in Advanced Signal & Data Compression Solutions

Limitless, an AIM quoted investing company, is pleased to announce that it has made a cash investment of £500,000 in V-Nova International Ltd. (“V-Nova”) as part of a larger funding round in V-Nova.

V-Nova International Ltd.

V-Nova was founded in 2011 and is part of a broad and growing consortium of over 20 global leaders including Broadcom, Encompass, Intel, Hitachi and Sky Italia. The consortium features two of the top ten global telecoms companies, three of the top ten largest media and broadcasting groups and six of the top twenty global technology groups. The current investment round, upon conversion, values V-Nova at £300 million.

Based in London, V-Nova is a leading provider of signal and data compression solutions, bridging the gap between the rapidly increasing consumption of “rich data” and the comparatively limited availability of network capacity. V-Nova’s patent-protected, software-based compression solution “PERSEUS” enables broadcasters and operators to upgrade their existing infrastructure to provide significant performance improvements and reduce bandwidth costs, as well as extend and add new services.

PERSEUS is currently used to provide 4K/UHD video over existing fixed-line HD and 4G/3G mobile infrastructure, HD video over 2G/3G/4G infrastructure and SD video at sub-audio bitrates. Application of PERSEUS will enable 4K/UHD television owners to finally receive 4K content over existing networks, watch sports, movies and other high-quality HD content on their mobile devices and provide access for people in emerging markets and rural areas to receive online video content for the first time.

As a result of its novel architecture, which lends itself to both real-time compression and encryption using standard encryption methodologies, PERSEUS’ applicability goes far beyond video and is valid to all industries where the transmission and processing of large volumes of data is paramount.

Since the launch of PERSEUS in April 2015, V-Nova has won multiple prestigious awards, including the Best-of-Show Awards at both National Association of Broadcasters (“NAB”) in Las Vegas, and the International Broadcasting Congress (“IBC”) in Amsterdam. PERSEUS was even used in the record-setting, historic first crossing of the English Channel by an all-electric aircraft, the Airbus “E-Fan”.

Guido Contesso, Director of Limitless, commented: “V-Nova marks our first investment into the communication technology sector and directly meets our goal of investing in companies that are driven by global demographic trends. PERSEUS’ potential is game-changing. We believe it could unlock access to rich data for billions of people for the first time and form the backbone for new content rich services with diverse applications in industries ranging from transport, to medical imaging, to the entertainment industry.

We are excited to have been able to participate in this sought after investment.”

For further information, please contact:

Limitless Earth plc +44 (7780) 700 091
Guido Contesso http://www.limitlessearthplc.com/

Cairn Financial Advisers LLP +44 (20) 7148 7900
Nominated Adviser www.cairnfin.com
Jo Turner/Tony Rawlinson

Peterhouse Corporate Finance Limited +44 (20) 7469 0930
Broker http://www.pcorpfin.com/
Peter Greensmith/Charles Goodfellow

About Limitless Earth plc

Limitless Earth plc is a proactive investment company that focuses on making investments in and assisting companies which exhibit the potential to generate returns through capital appreciation. Limitless invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth linked to demographic change. Examples of such sectors include Cleantech, Life Sciences, nanotech, medtech, recycling, and new Internet opportunities.