Vizrt Ltd. : Vizrt and Astana Media Centerto Sign Multimillion-Dollar Contract
Bergen, Norway, October 10, 2011Vizrt Ltd. (Oslo Main List: VIZ)
Vizrt Ltd., a leading supplier ofproduction tools to the digital media industry, announced today that Astana Media Center (AMC), a state-of-the-art media complex currently being built in Kazakhstan, has entered into a substantial and important multimillion-dollar contract with Vizrt.
Covering 24 floors in the heart of Astana, the country's second largest city, AMC will serve as a base for numerous TV channels, including all of Kazakhstan's national TV and radio stations, as well as many other prominent, non-state owned operations.
Martin Burkhalter, CEO of Vizrt, said: "Having built such a visually impressive building, the Astana Media Center naturally wants its TV channels to look just as breathtaking when they go live. The fact that they've chosen Vizrt's broadcast graphics tools to achieve this is a huge compliment."
Once up and running, numerous Viz Engines will provide the center with a full-scale Vizrt product offering. Viz Content Pilot will deliver graphics to a range of displays within the media center. Viz Artist will enable designers to build complete virtual sets and complex 3D animations. Viz Trio will be used as character generator (CG) for live events. The Astana Media Center will also house a complete Viz Virtual Studio.
The customer is expected to go on-air before the end of the year. Revenues will be recognized for Q3.
AboutAstana Media Center
Currently being built by the Kazakhstani government, Astana Media Center holds a total of 18 studios (including 4 audio studios), including four 1000-square meter recording and video studios as well as 15 smaller news and recording facilities as well as a spacious 1,000-seat amphitheater. In total, the facility ocupies more than 75,000 square-meters. The center will be ready and start to broadcasting early in 2012.
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
CEO
+41 22 365 75 01
Ofra Brown
CFO
+47 5351 8040
SCHWARZ Financial Communication
Frank Schwarz
+49 611 1745 398 11