Vizrt closes USD 6 Million Contract
Backlog Increases to USD 40.4 Million
Vizrt, a leading provider of content production tools for the digital media industry, announces that following the Board Meeting for the approval of the Q3 and nine months 2009 results that were published this morning, the Company has closed an additional deal, worth USD 6 million. The order consists of a mix of products. As a result, the total backlog for Vizrt as of today amounts to USD 40.4 million instead of the USD 34.4 million announced earlier today, representing an increase of approximately 47% compared to both, Q3 last year and Q2 2009 release dates.
About Vizrt:
Vizrt creates leading-edge content production tools for the digital media industry - from award-winning 3D graphics & maps through integrated video workflow solutions and online publishing tools.
We propose a new vision for content creation, management and delivery with an end-to-end solution from conception to multi-format distribution. Through constant innovation and a good measure of fun, we create software and services that push creative boundaries and develop new ways of telling stories.
Vizrt's product suite is used by the world's leading broadcasters and publishing houses, including: CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, Network 18, TV Today, CCTV, NHK, The Globe and Mail, The Telegraph, and Welt Online. Furthermore, 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 Oslo Main List: VIZ, ISIN: IL0010838154.
Investors and media 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