SOURCE: Signature Devices, Inc.

Signature Devices, Inc.

August 28, 2017 08:00 ET

Signature Devices, Inc. Announces plans for integration of content channels on the Morpheus One platform

IRVINE, CA--(Marketwired - Aug 28, 2017) - Signature Devices, Inc. (OTC PINK: SDVI) today announced plans to include licensed content channels on its devices to further enhance its 4k capable video media server and player. This news follows the announcement of a strong second Quarter of growth, where the company's revenue increased 128% from Quarter one of 2017. The company also reported a positive Second Quarter net revenue of $16,077 vs net loss of $40,301 for the first quarter of 2017

"On Demand video content consumption is the primary driver for growth of content providers and developers like Netflix, Amazon, Hulu and others. It's imperative that our customers have access to HiFi and High Bit Rate content to complement the ExHBR enabled Morpheus family of video and audio delivery platforms like the Morpheus One," said Inas Azzam, President and CEO. The Morpheus One is already off to a great start in sales without its official entry into the U.S. market, which is all set to happen at the Cedia show in September in San Diego. The company also plans to unveil its artificial intelligence capabilities plus the introduction of the micro player at show. The addition of content will make the entry into the U.S market that much more appealing for distributors and installers. The goal is to turn Morpheus platform into a one stop entertainment hub which will include access to personal content libraries, on demand video, streaming music and gaming capabilities. The full set of capabilities could be available as early as Q2 of 2018.

The addition of content will give the company yet another source of recurring revenue either on a monthly subscription or on a per user distribution model. The video on demand market size is projected to be $61 billion in 2019 according markets and markets research firm. Roku, is the leader in the streaming device space at 37% in Q1 2017 from 30% a year ago, which equates to 15 million consumers according to Park Associates.

You can also follow the company on Twitter for small updates and announcements, https://twitter.com/SignatureDevice

About Innovo
Based in Irvine, California, Innovo Technology combines the best of the technologies underpinning the popular Morpheus media server, Tazerwear's AI Software, Truck IT's beacon platform with Knoton's hardware, infrastructure and software. The result is a company that blends custom software and powerful hardware IoT-interconnected devices. Learn more by visiting: http://innovotech.io/about/

About Signature Devices, Inc.
Based in Sheridan, Wyoming, Signature Devices, Inc. (www.signaturedevices.com) (OTC PINK: SDVI) is a holding company with subsidiaries that develop Internet of Things (IOT) products through its subsidiary Innovo Technologies, Inc., and publishes diverse media products including video games and mobile applications through its subsidiary Graffiti Entertainment, Inc.

Forward-Looking Statements:
The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.

Contact Information