Vizrt signs USD 650.000 MAM deal with ORF in Austria
Bergen, Norway, August 28, 2013, Vizrt Ltd. (Oslo Main List: VIZ).
Vizrt Ltd. announced today a deal worth USD 650,000 for the implementation of media asset management (MAM) products with Austria’s national public broadcaster ORF (Oesterreichischer Rundfunk).
The deal is an add-on investment by ORF to their existing Vizrt MAM enterprise system. The deal will provide additional functionality to ORF's MAM setup to give them the capability program length – 30 minutes or more – content playback and additional archive management as enhancements to their file ingest and sports workflow.
The Vizrt MAM Enterprise solution is an enterprise-grade media asset management system which allows large amounts of content to be managed and distributed easily, with smooth integration with existing third party systems.
Investor and media contact:
Martin Burkhalter / CEO / 41 22 365 75 01 / MBurkhalter@vizrt.com
Tomer Wald / CFO / 47 5351 8040 / TWald@vizrt.com
Frank Schwarz / Schwarz Financial Communication / 49 611 1745 398 11 firstname.lastname@example.org
Vizrt provides real-time 3D graphics and asset management tools for the broadcast industry - from award-winning animations & maps to online publishing tools. Vizrt's products are used by the world's leading broadcasters and publishing houses, including: CNN, CBS, Fox, the BBC, BSkyB, Al Jazeera, ITN, ZDF, Star TV, Network 18, TV Today, CCTV, NHK, The Globe and Mail, Times Online, The Telegraph, and Welt Online. Furthermore, many world-class production houses and corporate institutions such as the Stock Exchanges in New York and London use Vizrt systems.
Vizrt is a public company traded on the Oslo Main List: VIZ, ISIN: IL0010838154. For further information please refer to www.vizrt.com
Copyright © Vizrt. All rights reserved. This press release contains forward-looking statements with respect to the business, financial condition and results of operations of Vizrt and its affiliates. These statements are based on the current expectations or beliefs of Vizrt's management and are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These risks and uncertainties relate to changes in technology and market requirements, the company’s concentration on one industry, decline in demand for the company’s products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. Vizrt undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.