XTD Finalises 2015 First Quarter Report

XTD Finalises 2015 First Quarter Report

04:57 06 May in Business, Cross Track Digital, Industry news, Metro Rail

April 30, 2015: XTD, owner of the world-first cross track digital video and sound information systems for metro rail networks, has completed its first quarter of operations since listing on the Australian Stock Exchange.

The company finished the first quarter of 2015 in a robust position and with strong prospects for the future.

XTD offers the world’s first, designed for rail, cross-track video system and uses billboard-size LED television screens coupled to high definition sound to broadcast advertising and information to metro train commuters.

Since XTD launched its first cross track digital system in October last year, located in Melbourne’s metro rail network, the company has continued a dual focus of completing its installation plans in Australia and also entering into discussions with metro rail operators in overseas markets.

The company floated on the Australian Stock Exchange at the end of December 2014.

In February this year XTD announced David Gibbs, one of the world’s most experienced out-of-home media specialists, as its vice president of USA operations. XTD has identified the USA as the next key area of growth, with senior members of the XTD commercial team visiting the USA and meeting with some of the largest outdoor advertising groups, technology companies and media buyers. Those discussions are on-going and are quite specific in their detail.

XTD CEO Steve Wildisen commented: “I am delighted with the first full quarter of operations. Minor system enhancements have improved the live content delivery capabilities of our system and the operations are delivering positive cashflow returns. Looking to the future, our opportunities are expanding significantly as we go, through continued advancement in technology and more detailed research into the increasing effectiveness of the media we are developing.”

Ends