Vela Technologies lauds investee's 3D TV partnership

Technology focussed investment company Vela Technologies on Friday lauded investee StreamTV Networks’ finalisation of an agreement with BOE Technology.

The agreement will see the two companies work together to combine BOE’s high-resolution panels, a product for which it is the planet’s leading supplier, with StreamTV's glasses-free 3D technology, Ultra-D.

Mathu Rajan, chief executive of Stream TV, said: "We have enhanced 8K screens and high-resolution panels (TVs, phones, laptops, tablets, monitors, etc.) to provide an unparalleled viewing experience that brings real value to device makers and their customers. With our partnership with BOE, we will make significant strides in the global 8K market."

Vela holds 47,898 class A common shares in StreamTV, following the early loan conversion of the $100,000 convertible promissory notes in StreamTV plus $43,693.16 of interest, in June 2016.

Antony Laiker, director of Vela, said: "We have long extolled the quality and benefits of StreamTV's Ultra-D technology. Whilst it has taken longer to reach this point than we envisaged, this joint sales and marketing agreement with BOE, the world's largest panel manufacturer, endorses what StreamTV has been working towards over these last few years."

Vela Technologies’ shares were up 5.77% at 0.28p.