TV2 Norway Enters into Support Agreement with Vizrt
Bergen, Norway, April 24, 2006. Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ), the world's leading TV graphics and content management company announces today, that it has entered into a support agreement with TV2. The contract was set for a duration of three years and is worth USD 1 million of revenues.
TV2 runs abroad range of Vizrt software installations, it will receive maintenance and support including product updates for the agreed period of time.
TV2 is the largest commercial broadcast company in Norway and was one of the founders of Vizrt. TV2 still holds 419,147 shares or approximately 2.5 percent in Vizrt.
About Vizrt:
Vizrt is the world's leading provider of HD/SD real-time 2D and true 3D broadcast graphics. The company's software suite offers a complete graphics solution including: character generation, content management and newsroom integration, 3D tickers, virtual studio, 3D weather application with data integration, Curious Software map creation tools, virtual sports analysis, information display and virtual effects.
TV2 runs abroad range of Vizrt software installations, it will receive maintenance and support including product updates for the agreed period of time.
TV2 is the largest commercial broadcast company in Norway and was one of the founders of Vizrt. TV2 still holds 419,147 shares or approximately 2.5 percent in Vizrt.
About Vizrt:
Vizrt is the world's leading provider of HD/SD real-time 2D and true 3D broadcast graphics. The company's software suite offers a complete graphics solution including: character generation, content management and newsroom integration, 3D tickers, virtual studio, 3D weather application with data integration, Curious Software map creation tools, virtual sports analysis, information display and virtual effects.
All Vizrt's graphics products are powered by a single core renderer, the unique and powerful Viz|Engine(TM). Vizrt's graphics solution goes beyond the visual aspect and includes highly customized user interfaces for the designer, operator, journalist and engineer.
The world's leading broadcasters, such as CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, TV Today, CCTV and NHK as well as Production houses and Corporate institutions, including both the New York and London Stock Exchange, use the Vizrt's software suite. Vizrt is a public company traded on the Frankfurt Prime Standard and on the Oslo Main List: VIZ, ISIN: IL0010838154.
Press contacts:
| Ofra Brown | Kathrine Wallace | SCHWARZ Financial Communication |
| CFO | VP Marketing | Frank Schwarz |
| +47 2169 2790 | +47 55 90 8265 | +49 172 6153 160 |
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.
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