London – PeerTV, the Israel-based provider of a streaming TV
set-top box, announced on Monday that it hopes to raises up to $9.64 million in
a floatation on London’s AIM market.
Founded in 2007, PeerTV offers
broadcasters and content service providers equipment and technology to deliver
video over the Internet to televisions via set-top boxes.
The company said its
service now reaches over 100,000 consumers, many of whom use PeerTV to access
niche programming produced overseas.
PeerTV reported revenues of $5 million for
the first half of 2010, with operating profits of $300,000 and net income of