RocketStream continues to spread its wings, this time reaching all the way out to a media group in the Basque country of northern Spain. Media company EiTB runs, which runs four TV stations and five radio stations in the Bilbao area (the biggest media organization in the region), has recently elected to use RocketStream to handle the digital transmission (i.e. via the Internet) of television coverage recorded outside of their studios.

Just as a quick reminder, RocketStream is one of the primary software products of bulletin board company Voyant International (VOYT). The technology can send and receive any type of content that is deliverable over the web (like television, film, music, files, you name it). However, RocketStream can do it about 200 times faster than the file transfer technology you and I presently use when we sit down at our computers.

For a small file, perhaps like an e-mail, that kind of speed doesn’t really matter. However, the file size for a television clip of even just decent quality is massive… much larger than something you could attach to an e-mail, or simply ‘FTP’. In other words, the RocketStream package allows EiTB’s field TV journalists to send in clips much sooner and much quicker than they have been. Thus, the speed and quality of news coverage will be greatly enhanced.

As for Voyant’s investors, I’ll make the point I’ve been making for a while… the addition of all these new customers is coming on a “one at a time” basis, but they provide perpetual revenue once the customer is on board. That’s a smart business model in that it sets up a low-maintenance income stream from current licensees, and frees up Voyant’s team to go out and incrementally add other customers. The start may be slow, but there’s a snowball effect to it. (In fact, we’ve seen Voyant’s top line improve in just that manner over the last three quarters, after RocketStream’s launch.)

Voyant’s been one of the bear market’s better survivors too, largely uninjured by the problems so may other companies seem to be experiencing. Some of that has to do with their ability to acquire and service international customers, while some of it has to do with the perpetual-revenue model I described above. And, I think some of it may stem from the fact that Voyant’s best days are actually ahead rather than behind. Progress is being made every day towards Aviation Broadband, which could be the company’s ‘blockbuster” when finalized.

In any case, I continue to view VOYT as smart-but-stealthy growth stock. If you don’t own any yet, you could actually own a substantial part of this $13 million company for only a few bucks. It may not be bad idea to accumulate here while it’s still a little off the radar.