Vizrt Provides Graphics & Maps to BBC in USD 1.2M Deal
London, UK/Bergen, Norway, March 1, 2007. Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ), provider of TV broadcast graphics, maps and asset management systems, announces today, that it has received orders worth over USD 1.2 million to supply real-time, high-definition 3D graphics and map software to BBC Scotland's new prestigious Pacific Quay facility in Glasgow, as well as the news department of BBC's London Regional station. Most of the deal will be recognized this quarter.
This order is fully in line with the potential behind Vizrt's recent acquisition strategy, since the high-profile BBC Scotland project has now ordered Vizrt's core software as well as software from its subsidiaries' Curious World Maps and Ardendo, which specialises in Media Asset Management systems.
The order comes on top of an Ardendo order received in 2006, totalling approximately USD 1.8 million, of which app. USD 1.3 million was recognized in 2006 and the remainder in 2007.
The BBC Scotland order was placed by systems integrator TSL, on behalf of the BBC's main contractor Siemens.
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
Press contacts:
Ofra Brown
CFO
+47 2169 2790
ofra@vizrt.com
Kathrine Wallace
+47 9171 4545
kwa@vizrt.com
SCHWARZ Financial Communication
Frank Schwarz
+49 611 1745 398 11
schwarz@schwarzfinancial.com
This order is fully in line with the potential behind Vizrt's recent acquisition strategy, since the high-profile BBC Scotland project has now ordered Vizrt's core software as well as software from its subsidiaries' Curious World Maps and Ardendo, which specialises in Media Asset Management systems.
The order comes on top of an Ardendo order received in 2006, totalling approximately USD 1.8 million, of which app. USD 1.3 million was recognized in 2006 and the remainder in 2007.
The BBC Scotland order was placed by systems integrator TSL, on behalf of the BBC's main contractor Siemens.
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
Press contacts:
Ofra Brown
CFO
+47 2169 2790
ofra@vizrt.com
Kathrine Wallace
+47 9171 4545
kwa@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.