Linius (ASX:LNU) on track for revenue, CEO tells InsideMarket 'Sunday Morning'

Video virtualization company, Linius Technology, is on track to make a number of announcements regarding revenue generating projects, according to CEO, Chris Richardson.

Speaking from his home in Prague, he told Insidemarket's Phil Carey,

• The Warner Bros. Entertainment Inc. streaming service has progressed significantly.

• The company's 'burn rate' is well under control.

• All key staff remain in place.

• Additional staff have been employed as part of the technical support team required to service revenue generating clients.

Linius Technologies Limited invented and patented the Video Virtualization Engine™ (VVE),which is available on Amazon Web Services, Microsoft Azure and IBM Cloud and allows users to expose the data that makes up a video file, and control the content within.

In February 2018 Linius signed a deal with Warner Bros and IBM, to conduct a technical pilot test around a streaming platform.

"The tech is working great" said Richardson, who went on to explain that most of the effort has now shifted to determining the catalogue of content and operational structure of the service.

On the question of the timing of several other potential revenue generating deals, which he said were due shortly, Richardson drew the analogy of the car industry.

In his mind, Linius is a car engine manufacturer, companies like collaborative partner IBM are the car manufacturers, and Warner Bros, the end client.

"It takes time to build a car" he said.

"But unlike many other tech businesses the process can be measured in months, not years."

To date, it would appear that Linius has achieved all its near term goals by, or before, its stated time frames. PLAY VIDEO

NEXT WEEK on InsideMarket's Sunday Morning chat,

we find out why the technology behind Netlinkz (ASX:NET) is similar to Star Trek's infamous Borg.

And how the company CEO James Tsiolis believes the once troubled tech business is not only stable, but has the potential to cash in on the Chinese government's push to move its people to the Cloud.

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