At the current share price of 4.8 cents LNU has a market cap of less than $30 million
Todays announcement from LNU has the potential in my view for the next big Aussie IT invention to go global just as Atlasssian did in 2016
Linius Technologies Limited (ASX: LNU) and wholly owned subsidiary, Linius Solutions Pty Ltd (Linius), are pleased to announce the commencement of a collaboration project with IBM to promote and sell the Linius Video Virtualisation EngineTM (Linius VVE), including building onto the IBM Bluemix plaMorm, to IBM’s extensive network of corporate clients and beyond in Linius’ target market sectors.
Linius has the potential to transform many market sectors, and is initially focused on:
1. Delivering personalised advertising solutions for broadcasters
2. Video security and reduced piracy
3. Enhancing search engine monetization
4. Security-service applications
Linius’ patented Video Virtualization EngineTM cuts costs and boost revenues across the mul=-billion dollar video industry.
