Vizrt signs a USD 425k virtual set deal with a Latin American broadcaster

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Bergen, Norway, September 26, 2014, Vizrt Ltd. (Oslo Main List: VIZ)

Vizrt Ltd. announced today a deal worth USD 425,000 for the implementation of broadcast graphics products with a Latin American broadcaster. The customer is expanding its current Vizrt graphics installation to include virtual set and social TV tools.

The deal shows how customers can expand their capabilities through the seamless addition of new product modules, rather than having to implement entirely new systems from the ground up. The deal includes Viz Virtual Studio, Vizrt’s control system, that will allow the broadcaster to have a virtual set integrated with their current broadcast graphics workflow. Several Viz Engine, Vizrt’s real-time 3D compositing engine, are included to render the virtual set for live on-air use.

The broadcaster also purchased Vizrt Social TV. The solution will integrate social media interaction throughout the broadcaster’s workflow including moderating content in the newsroom and displaying social media content live on air

 

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.