Vizrt Signs Broadcast Graphics Deal with an Existing Customer in Pakistan
Bergen, Norway, September 25, 2012, Vizrt (Oslo Main List; VIZ)
Vizrt Ltd. announced today the signing of a deal worth $845,000 for the implementation of broadcast graphics products with a news channel in Pakistan.
The deal includes Viz Virtual Studio, serving as the studio platform for enhanced story telling in a virtual environment. Content in the control room will be controlled in real-time with Viz Trio, Vizrt's real-time 3D character generator. Viz Ticker 3D will be running during broadcasts to display constant news, weather and sports updates. All content will be rendered through an SDI signal using the Viz Engine, Vizrt's real-time 3D compositing engine.
Inclusion in the deal of several Viz Artist workstations increases the internal design capacity of the news channel, which the long-term customer of Vizrt is launching using the best graphics technology available to the industry today. Viz Artist is a 3D animation tool that allows designers to create graphic content for all of Vizrt's broadcast graphics products. Viz World, a 3D animated map generator, which has become a nearly mandatory element for news channels, completes the package.
Martin Burkhalter, Vizrt CEO, stated, "This deal is a typical example of one of the market dynamics that continues to drive our business: existing networks launching new channels. The launch of a new channel requires first class graphics capabilities, so important for brand differentiation in order to attract and bind audiences, as well as the capability to benefit from economies of scale and integration with existing enterprise wide systems, both areas in which Vizrt is the undisputed industry leader."
About Vizrt:
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. For further information please refer to www.vizrt.com
Martin Burkhalter / CEO / +41 22 365 75 01 / MBurkhalter@vizrt.com
Ofra Brown / CFO / +47 5351 8040 / OBrown@vizrt.com
Frank Schwarz / Schwarz Financial Communication / +49 611 1745 398 11 schwarz@schwarzfinancial.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