Vizrt Chosen as Partner of Swiss Timing for the Beijing Olympics
Bergen, Norway, October 4, 2006. Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ) announces today, that Swiss Timing, that has been appointed as the official timing company for the Beijing Olympics in 2008, has chosen Vizrt to do their on screen graphics. In total Swiss Timing will need 50 VizlTrio systems to cover the needs in Beijing.
Swiss Timing has a few months ago acquired Wige Data, a long term partner of Vizrt. The combined knowledge and resources of Swiss Timing and Wige Data, positions Swiss Timing as a major force in sports production, first and foremost in Europe, but also in major events like the Olympics throughout the world.
The comprehensive details of the deal are yet to be finalized. Swiss Timing and Vizrt will work together to make the on-air look state of the art. In 2008 a large number of stations will provide their coverage in HD, so Swiss Timing and Vizrt will do both HD and SD.The deal will be recognized through 2007/2008.
Swiss Timing has a few months ago acquired Wige Data, a long term partner of Vizrt. The combined knowledge and resources of Swiss Timing and Wige Data, positions Swiss Timing as a major force in sports production, first and foremost in Europe, but also in major events like the Olympics throughout the world.
The comprehensive details of the deal are yet to be finalized. Swiss Timing and Vizrt will work together to make the on-air look state of the art. In 2008 a large number of stations will provide their coverage in HD, so Swiss Timing and Vizrt will do both HD and SD.The deal will be recognized through 2007/2008.
About Vizrt:
Vizrt offers a new vision for content creation and delivery with an end-to-end solution from ingest to visualization. Our solution combines Vizrt's true 2D/3D graphics tools with Curious Software's World Maps and Ardendo's Asset Management. Running on non proprietary software, the combination of these unique cutting edge products ensures a seamless workflow from conception to multi-format distribution. The latest addition to the Vizrt product range is the Viz|Multi Platform Solution.
Vizrt's product suite is used by the world's leading broadcasters including: CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, TV Today, CCTV and NHK. Also, many world-class production houses and corporate institutions, including both the New York and London Stock Exchanges, utilize Vizrt solutions.
Vizrt is a public company traded on the Frankfurt Prime Standard and on the Oslo Main List: VIZ, ISIN: IL0010838154. For further information please refer to www.vizrt.com
Vizrt offers a new vision for content creation and delivery with an end-to-end solution from ingest to visualization. Our solution combines Vizrt's true 2D/3D graphics tools with Curious Software's World Maps and Ardendo's Asset Management. Running on non proprietary software, the combination of these unique cutting edge products ensures a seamless workflow from conception to multi-format distribution. The latest addition to the Vizrt product range is the Viz|Multi Platform Solution.
Vizrt's product suite is used by the world's leading broadcasters including: CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, TV Today, CCTV and NHK. Also, many world-class production houses and corporate institutions, including both the New York and London Stock Exchanges, utilize Vizrt solutions.
Vizrt is a public company traded on the Frankfurt Prime Standard and on the Oslo Main List: VIZ, ISIN: IL0010838154. For further information please refer to www.vizrt.com
Press contacts:
| Ofra Brown | Kathrine Wallace | SCHWARZ Financial Communication |
| CFO | VP Marketing | Frank Schwarz |
| +47 2169 2790 | +47 55 90 8265 | +49 611 1745 398 11 |
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.