Vizrt Signs Two Rental Deals Worth USD 2.28M with MCOT Thailand
Bergen, Norway, April 12, 2012, Vizrt Ltd. (Oslo Main List: VIZ)
Vizrt Ltd., a leading provider of content production tools for the digital media industry, announced today that the Company has signed two deals, worth in excess of USD 2.28 million, to be recognized over four quarters, starting Q2 2012. The deals are for the rental of Broadcast Graphics software and the provision of services to Thailand-based broadcaster MCOT-CH9.
The first deal includes the one-year rental of studio presentation software for news, sports and entertainment programs. A customer since 2007, CH9 has been using Vizrt's graphics systems for Viz Video Wall ER and Viz Virtual Studio - Vizrt's virtual studio module for scalable, real time 3D virtual studio productions. This deal increases the size of their current video wall with additional Barco screens and adds cameras to the customer's existing virtual set. Viz Trio is included as a character generator (CG) for both the video wall and virtual set.
The second deal consists of services for installation of the rental products and creative services for the design and implementation of the video wall, virtual set and immersive graphic presentations.
"Over the course of my long career in the broadcasting industry, I have come to see technology as a meanof communication." Stated Mr. Chakraphan Yomchinda, Vice Chairman of the Board of Directors and Acting President, MCOT. "MCOT decided to use Viz Video Wall ER since it is an excellent tool for storytelling. Aiming to fulfill our role as a public broadcaster, MCOT wants the Thai audience to have access to the most up to date broadcasting technology, and to experience our educational and entertainment programs via this new innovational display"
Martin Burkhalter, CEO of Vizrt, stated, "The combination of creative services with updated software and hardware will give the station a robust presentation and enhanced story telling abilities. The fact that we will be providing creative and operational services is a testament to our philosophy to develop products that are based on the end product our customers strive to present to their audiences. Our origins are in the production rooms of broadcast stations, a link we have never abandoned, only strengthened. As a result we are close to heart of broadcast operations, which allows us to develop and implement technology that is the most relevant to our customers."
Mr Burkhalter continued, "Furthermore, our ability to close and implement deals like these is the direct effect of our efforts to strengthen local operations through our regionalization program."
MCOT (Mass Communication of Thailand) has owned the public broadcast license to both TV and more than a thousand radio channels throughout Thailand. CH9 is one of the top 3 networks in Thailand with programming ranging from news to sports to entertainment.
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.
Investors and media contacts:
Martin Burkhalter
CEO
+41 22 365 75 01
Ofra Brown
CFO
+47 5351 8040
SCHWARZ Financial Communication
Frank Schwarz
+49 611 1745 398 11