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Vizrt signs a USD 1,5m broadcast graphics deal with True4U Station in Thailand

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Bergen, Norway, December 23, 2014, Vizrt Ltd. (Oslo Main List: VIZ).

Vizrt Ltd. announced a deal today worth USD 1.5 million for the implementation of broadcast graphics products with True4U Station Co., Ltd.

True4U Station is a major broadcaster on digital TV platforms in Thailand, and recently won the bidding of a new digital broadcasting license. The deal includes Viz Trio HD, Viz Artist HD, Viz Pilot to control VSS and Viz Virtual Studio HD 3 CAM with Robotic Tracking.

The broadcaster will be using Vizrt systems to produce news and sports shows. The purchase will allow True4U Station to widely expand their production capabilities. Viz Trio provides a solution to get the highest quality graphics on air. Viz Virtual Studio presents producers with unrivaled possibilities with advanced augmented reality and virtual sets. Viz Artist enables designers to build 3D animations, compelling graphics and stunning animations. Viz Pilot is a content creation and control system that bridges the newsroom and control room.

“True4U Station is a new customer of Vizrt and a major player in the Thai broadcast market. With this purchase, the station is investing in its news and sports production capabilities, and shows that Vizrt tools are considered vital for further positioning of the broadcaster as a strong player in the Thai media industry”, said Martin Burkhalter, CEO of Vizrt Ltd.

 

Investor and media contact:

Martin Burkhalter / CEO / +41 22 365 75 01 / MBurkhalter@vizrt.com

Tomer Wald / CFO / +44 20 3289 6415 / TWald@vizrt.com

Frank Schwarz / Schwarz Financial Communication / +49 611 1745 398 11 / schwarz@schwarzfinancial.com

 

About Vizrt:

Vizrt provides real-time 3D graphics, studio automation, sports analysis and asset management tools for the broadcast industry - interactive and virtual solutions, animations, maps, weather, video editing and compositing tools. Vizrt's products are used by the world's leading broadcasters, including: CNN, CBS, Fox, the BBC, BSkyB, Al Jazeera, ITN, ZDF, Star TV, Network 18, TV Today, CCTV, and NHK. 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. For further information please refer to www.vizrt.com

Copyright © Vizrt. All rights reserved. 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.