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Indonesian TV channel enhances news production prior to presidential elections

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Bergen, Norway, March 25, 2014, Vizrt Ltd. (Oslo Main List: VIZ).

Vizrt Ltd. announced today a deal worth USD 380,000 for the implementation of broadcast graphics products with a TV channel in Indonesia. The channel is a new Vizrt customer who specializes in information-based programming. The decision to purchase Vizrt products was in large part due to Vizrt’s reputation in the region for progressive graphics solutions that allow channels to differentiate themselves from the competition. Vizrt will support the installation with its local staff in Jakarta, Indonesia.

The deal includes Viz Trio, Vizrt’s character generator (CG), to provide fullscreen graphics and overlay graphics during live broadcasts. Studio presence was very important to the customer, hence Viz Virtual Studio was purchased to provide immersive information graphics in the studio. Viz Engine, Vizrt’s real-time compositing engine, was purchased to render video wall graphics as well as allow the operation of an interactive touchscreen. Viz Engine will also render the immersive graphics from Viz Virtual Studio and the graphics triggered from Viz Trio.

The channel plans to use the products to cover presidential elections that will be held in July 2014. After the elections, the graphics systems will be used daily for news and current affairs programs.

 
Investor and media contact:

Martin Burkhalter / CEO / +41 22 365 75 01 / MBurkhalter@vizrt.com

Tomer Wald / CFO / +44 20 3289 6415 / TWald@vizrt.com

Frank Schwarz / Schwarz Financial Communication / +49 611 1745 398 11 / schwarz@schwarzfinancial.com

 
About Vizrt:

Vizrt provides real-time 3D graphics, studio automation, sports analysis and asset management tools for the broadcast industry - interactive and virtual solutions, animations, maps, weather, video editing and compositing tools. Vizrt's products are used by the world's leading broadcasters, including: CNN, CBS, Fox, the BBC, BSkyB, Al Jazeera, ITN, ZDF, Star TV, Network 18, TV Today, CCTV, and NHK. 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.