Vizrt signs USD 1 million graphics deal with a broadcast group in the US

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Bergen, Norway, June 30, 2014, Vizrt Ltd. (Oslo Main List: VIZ).

Vizrt Ltd. Vizrt Ltd. announced today the purchase of Vizrt graphics products valued at USD 1 million to an operator of local TV stations in the United States. The TV station group, currently using Vizrt systems, is upgrading existing systems and expanding their operations capabilities with new Vizrt systems.

The deal includes Viz Pilot, Vizrt’s content and control system, which will allow journalists in the newsroom to edit graphic templates and build a playlist of graphics to be used live on-air.

Viz Multichannel will be added to the Master Control facilities in each station. Viz Multichannel is an automated channel branding system that provides unique graphics and video branding for multiple channels and can be monitored from a single interface. Dual-channel Viz Engines, the two-SDI output version of Vizrt’s real-time compositing engine, are added to each stations configuration to provide extra channels of graphics output.

 

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.