AMS 0.00% 4.0¢ atomos limited

Thanks beaver2233 … With one hand recently on the tiller of his...

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    Thanks beaver2233 …
    With one hand recently on the tiller of his borders-ignoring super yacht ..
    https://7news.com.au/lifestyle/heal...r-caught-in-qld-covid-border-breach-c-3388493
    … and the other waving a final adieu to the chapter that opened in 2010 when Melbourne firm Blackmagic - his old boss - accused him of starting Atomos with stolen information;
    http://sites.thomsonreuters.com.au/journals/files/2010/09/WR-1.2_VassWatson.pdf

    ….it seems (albeit on small knowledge) he may be a bit of a pirate?
    Not unknown in the world of video.


    cheers


    .. And FWIW from Stock Head today:
    [link to story]
    Atomos (ASX:AMS)


    Down 15.5% today was video tech company Atomos.

    The company has entered into a Cloud Development Agreement with Cinemacraft Inc to fund the completion of its Videogram platform.
    In addition, Atomos will receive an option to acquire all shares in Cinemacraft.

    It’s all part of the company’s strategy to build on its depth in video and multi-camera capture to expand into cloud-based services – with Atomos to leverage Cinemacraft’s technology to accelerate its own cloud platform.

    Atomos has signed a Software Development Agreement committing US$ 1.2 million and expects to invest up to US$0.8 million for patents and to oversee Videogram’s development through to commercialisation.

    Plus, the company may exercise its option to acquire all shares in Cinemacraft based on a valuation linked to the financial performance of the Videogram platform over two 12-month periods: ending September 30, 2023.

    The founder and CEO of Cinemacraft, Sandeep Casi, has joined Atomos as a senior executive and is contributing to Atomos’ cloud strategy.
    “When you combine Sandeep’s experience developing technology at Fuji Film and ILM for Lucas Films, with his passion for using machine learning to simplify a creator’s journey, you can see Videogram is poised to reinvent the way online video is discovered, consumed, shared and monetised,” Atomos CEO Estelle McGechie said.
 
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