UPDATE 2-Amino Tech turns to FY pretax loss, wins new contract

* FY pretax loss 8.7 mln stg vs 2.2 mln stg profit

* FY rev falls 21 pct to 25.3 mln stg

* Wins "significant contract" in OTT market

* Comfortable with analysts' view for FY10

* Shares up 1.6 pct (Adds CEO, CFO, analyst's comments; updates share movement)

By Shivani Singh

BANGALORE, Feb 8 (Reuters) - Internet television company Amino Technologies Plc (AMO.L) posted a full-year pretax loss, hurt by order slippage and component shortages, but said it had won a significant contract and was comfortable with analysts' view for 2010.

Shares of the company were up 1.6 percent at 32.5 pence at 1308 GMT on Monday on the London Stock Exchange.

The provider of set top boxes and software said it had won a contract from a Western European Tier 1 operator and would provide hybrid over-the-top (OTT) media centres to support broadband TV services.

OTT changes digital online media into a format viewable on a television.

The service would use Amino Freedom DVB-T hybrid media centres, which use Intel Corp's (INTC.O) Atom processor CE4100, the company said.

The initial order quantity was in "tens of thousands," Chief Executive Andrew Burke told Reuters in an interview.

However, he declined to comment on the value of the deal and the name of the client, saying details of the deal would be made public later in the week.

KBC Peel Hunt analyst Alex Jarvis said, "This (contract win) is highly significant not just for its potential size but marks a move into OTT in partnership with Intel and was won against major competition."

Jarvis kept a "buy" rating and was reviewing his target price on the stock. He earlier had a 34 pence price target.

Chief Financial Officer Stuart Darling said, "The order book at the end of November was at 115,000 units, that's in excess of 7 million pounds of revenue and in excess of 2.4 million of gross margins."

The company has a good revenue visibility for the first half with a majority of these set top boxes to be delivered then, Darling said.

The order backlog of 115,000 at November-end compared to 4,000 units a year ago, Darling said.

"We have worked hard during the year to build a strong base for 2010, improving our product, sales and marketing and cutting cost, against a backdrop of the global market downturn and industry-wide component shortages," Non-Executive Chairman Keith Todd said in a statement.

The company said it expects 2010 cost base of 11 million pounds compared with 14 million pounds in 2009 and 19 million pounds in 2008.

For the year ended Nov. 30, 2009, Amino Technologies posted a pretax loss of 8.7 million pounds ($13.53 million) compared with a 2.2 million pounds profit a year ago.

Revenue fell 21 percent to 25.3 million pounds. ($1=.6429 Pound) (Editing by Maju Samuel)