Pebble Beach Systems shares leapt 10.7% to 18.27p after the TV and streaming 'control room' company won a new contract worth an initial £1.3 million over five years to support a major US-based streaming company.
The deal was secured through a US-based partner and will see Pebble’s automation technology used to help the end customer expand into live sports broadcasting.
Implementation has already begun and once complete will see Pebble provide ongoing support and maintenance services under service level agreements for the length of the contract.
The company said there is scope for further revenues as the relationship develops.
Pebble’s software automates the delivery of video and audio content, allowing broadcasters and streaming platforms to manage the playout of programmes, adverts and graphics.
Chief executive Peter Mayhead said: “This new contract, in support of one of the largest streaming services companies globally, is testimony to the quality of our automation software.”
He added that live sport and advertising growth make Pebble’s technology “a highly relevant and proven solution.”