Vizrt Closes MAM Deal for Sports Coverage in North America
Bergen, Norway, February 6, 2008. Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ) announces today that the Company has signed a deal, worth USD 1.1 million for the delivery of a media asset management (MAM) solution to a large North American sports network. The order follows on a previous USD 400,000 contract, signed in late 2007, lifting the total order volume to USD 1.5 million.
The deal, to be implemented throughout 2008, will focus initially on capturing and digitised archiving of new sports footage. Extensive in scope, the deal includes a wide variety of Vizrt's Ardendo products such as Ardome, DART, Ardcap and Ardenc. While at first the customers will mainly be utilising SD, the project does include certain elements in the HD format, to be part of the network's planned upgrade.
Bjarne Berg, Vizrt's CEO, stated, "This deal confirms our earlier expressed belief that we are witnessing an acceleration in importance and market demand for our MAM product line. We believe that the upcoming implementation of this technology with an important North American Sports network constitutes a clear sign of our ability to expand into this market."
The deal, to be implemented throughout 2008, will focus initially on capturing and digitised archiving of new sports footage. Extensive in scope, the deal includes a wide variety of Vizrt's Ardendo products such as Ardome, DART, Ardcap and Ardenc. While at first the customers will mainly be utilising SD, the project does include certain elements in the HD format, to be part of the network's planned upgrade.
Bjarne Berg, Vizrt's CEO, stated, "This deal confirms our earlier expressed belief that we are witnessing an acceleration in importance and market demand for our MAM product line. We believe that the upcoming implementation of this technology with an important North American Sports network constitutes a clear sign of our ability to expand into this market."
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
Media and investors contacts:
Bjarne Berg
President & CEO
+47 9055 7711
bberg@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 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.