PeerTV rises on first order from new customer
PeerTV rose on Friday after announcing its subsidiary signed its first order from a new customer for $28,000.
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The technology company will provide its iQ4 Quad Core Android Set Top Boxes (STBs), a hardware and software solutions product to the client.
It will also provide integration and maintenance of its device management system and customer management system software.
PeerTV did not name the customer but said it was a privately held West Europe-based company which targets tourists and expats seeking TV content in their native language.
The deal of $28,000 follows two months of discussions and negotiations, where the company said it was able to "demonstrate various compelling advantages over the customer's original integrator".