Vizrt Signs Graphics and Mam Deals with Major US Cable Program Network
Contract Volume of 3.5 Million US-Dollar
Bergen, Norway, June 26, 2007. Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ), the leading provider of TV broadcast graphics, maps and asset management systems, announced today that it has received orders from a major US based cable program network for USD 3.5m.
The network, currently a Vizrt graphics customer, will acquire additional real-time, 3D graphics and map software for their New York and Washington broadcast facilities. The USD 2.5 m sale will be recognized in Q2 and Q3.
In addition, the network has purchased an comprehensive Media Asset Management (MAM) system from Ardendo (Vizrt's recently-acquired subsidiary), with an initial contract value of USD 1m to be delivered in the second half of this year.
Graphics, maps and MAM systems will be installed, tested and supported by personnel based in Vizrt's New York City offices. The New York office, and others in the US, have added staff in the last six months to provide the necessary resources for Vizrt's growing customer base.
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
Bergen, Norway, June 26, 2007. Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ), the leading provider of TV broadcast graphics, maps and asset management systems, announced today that it has received orders from a major US based cable program network for USD 3.5m.
The network, currently a Vizrt graphics customer, will acquire additional real-time, 3D graphics and map software for their New York and Washington broadcast facilities. The USD 2.5 m sale will be recognized in Q2 and Q3.
In addition, the network has purchased an comprehensive Media Asset Management (MAM) system from Ardendo (Vizrt's recently-acquired subsidiary), with an initial contract value of USD 1m to be delivered in the second half of this year.
Graphics, maps and MAM systems will be installed, tested and supported by personnel based in Vizrt's New York City offices. The New York office, and others in the US, have added staff in the last six months to provide the necessary resources for Vizrt's growing customer base.
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.