Tata Elxsi gains after partnering V-Nova

Tata Elxsi rose 1.12% to Rs 1,663.95 at 12:36 IST on BSE after the company said it partnered V-Nova to provide high performance end-to-end video delivery.

The announcement was made during trading hours today, 30 August 2017.

Meanwhile, the S&P BSE Sensex was up 327.70 points, or 1.04% to 31,716.09.

On the BSE, 21,000 shares were traded in the counter so far, compared with average daily volumes of 30,000 shares in the past two weeks. The stock had hit a high of Rs 1,672.80 and a low of Rs 1,650.55 so far during the day. The stock hit a 52-week high of Rs 1,775 on 28 July 2017. The stock hit a 52-week low of Rs 1,021.65 on 21 November 2016.

Tata Elxsi, a leading provider of specialized broadcast and communications engineering services, and V-Nova, a London-headquartered technology company providing video compression solutions, announced a partnership that enables operators to deploy V-Nova PERSEUS technology at an accelerated pace.

Tata Elxsi has already integrated V-Nova's technology within the set-top-box (STB) of a satellite TV operator in Europe, enabling rapid deployment and immediate benefits.

V-Nova PERSEUS offers the benefits of next-generation codecs, on available encoders and decoders, at the same time providing substantial reductions in processing power requirements. Compatible with Commercial Off The Shelf (COTS) hardware, including both legacy and the latest generation of STBs, PERSEUS provides optimum performance at the operating points that are key for service delivery.

The benefits are particularly suited to video-hungry services, from HD and UHD TV to social media applications, across all delivery networks. Uniquely, V-Nova PERSEUS is compatible with existing h.264/HEVC workflows irrespective of DRM, streaming protocol such as HLS and DASH, ad-insertion and other processes. PERSEUS has been deployed in a number of applications, from contribution to IPTV and OTT delivery in multiple countries worldwide.

Using its extensive domain depth, product design and integration expertise, Tata Elxsi will provide fast and reliable delivery of V-Nova PERSEUS-based solutions for broadcasters, Pay TV operators, content owners and video service providers. The joint offering, combining the performance of V-Nova PERSEUS with Tata Elxsi's know-how, will be readily available to operators and broadcasters looking to maximize the potential of video services across connected devices and set-top boxes.

Net profit of Tata Elxsi rose 19.34% to Rs 49.74 crore on 9.25% rise in net sales to Rs 323.23 crore in Q1 June 2017 over Q1 June 2016.

Tata Elxsi is a leading global design and technology services company and part of the Tata group.

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