Contract worth approximately USD 1.9 million

 

 

Bergen/Norway, Bangkok/Thailand, June 27, Vizrt Ltd. (Oslo Main List: VIZ)

 

Vizrt Ltd., a leading provider of content production tools for the digital media industry, today announced a deal with Channel 7 from Thailand, worth approximately THB 61 million (approximately USD 1.9 million). The significant follow up sale provides the Thai public television channel with a faster Virtual Studio Engine performance, enabling an even more dynamic and visually enhanced viewer experience.

Notably, Channel 7 is now the first major network customer in Thailand using Viz Reporter and Viz Media Engine, allowing the company to target new audiences on all the latest handhelds and other online content access devices.

"Michael Namatinia, President of Vizrt APAC, stated, "Vizrt is thrilled with Channel 7's vote of confidence as the network moves into the second phase of its upgrades.  We're especially happy to see Channel 7 moving into the mobile arena, with solutions employing the range of products from our Mobile division. This is a substantial purchase that will deepen the partnership between Channel 7 and Vizrt."

The system was sold, delivered and Installed in Q2 and will go on-air for the up coming Thai elections on July 3rd.

 

About Channel 7:
Established in 1967, Bangkok National Radio and Television Broadcasting Corporation Channel 7 is a Thai television channel. The headquarters are located in Bangkok.

 

About Vizrt:
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, 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.

 

Investors and media contacts:

 

Martin Burkhalter
President & CEO
+41 22 365 75 01
mbu@vizrt.com

 

Ofra Brown
CFO
+47 5351 8040
ofra@vizrt.com

 

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

 

 

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.