Restructured digital media software and services concern ANT is licensing its new ANT Galio Browser to Korean giant Daewoo Electronics.

Daewoo, Korea’s third-largest consumer electronics group, will use the browser for its range of IPTV set-top boxes in a licensing deal that Cambridge-based ANT sees as taking it into new markets, though its immediate impact on profits will be insignificant.

The AIM-quoted company, whose technology enables broadcasters, telecom operators and cable companies to deliver digital content to their customers, says the Galio Browser ‘delivers much faster and more responsive user experiences to consumers’.

ANT cut its losses by half to little more than £1 million in the first half-year, and analysts expect the company to move into the black by the end of 2009. Floated at 126p three years ago, the shares had collapsed to 15.5p by the beginning of this year, but have lately shown some signs of life under chief executive officer Simon Woodward.

Now 27.5p, they offer speculative recovery possibilities, overall stock market conditions permitting.       

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ANT wins Daewoo deal			06/11/2008
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