Ai-Media FY16 Update: Broadcast Deal Signed with Seven Network, Mobile App Launched & US Subsidiary Established

Ai-Media signed a multi-year broadcast captioning deal with the Seven Network, covering all offline and live captioning for its television channels including Seven, 7Two, 7Mate and 7Flix. The contract commences on 1 August, ahead of the Rio Olympics which begin on 5 August. Additionally, contract extensions with both Foxtel and the Nine Network were secured. The Company has sustained its Captioning Quality record, with the most recent independent audits revealing scores of over 99.6%.

Development of the Visible Classroom product in conjunction with the University of Melbourne has continued, and a mobile app was launched in the App Store and Google Play store worldwide.  The App allows teachers to upload recordings from their classroom for analysis,  and download their transcript, analytics and insights that drive behavioural change.

In March 2016, Ai-Media Inc, a wholly-owned US subsidiary was established.

ABOUT AI-MEDIA

Ai-Media delivers live & offline television captioning under long term contracts for many Foxtel channels, education captioning for schools and universities, and high quality transcripts to 99.90% accuracy for government and corporate clients.

Ai-Media’s flagship technology solution, Ai-Live has proven effective in pilots supported by Commercialisation Australia for deaf students at school & university. Current clients include the NSW & Victorian education departments, & Macquarie University.