Vizrt signs USD 2.3 million deal with Cable Thai for Broadcast Graphics and MAM Solutions
Bergen, Norway, March 19, 2013. Vizrt Ltd. (Oslo Main List: VIZ)
Vizrt Ltd. announced today a deal worth USD 2.3 million with Cable Thai Holding Public Company Limited in Thailand. The broadcaster is a current Vizrt customer and has purchased broadcast graphics and media asset management (MAM) solutions for its design department, newsroom, studio, control room and master control.
Cable Thai selected Vizrt because of the Company’s strong reputation in the APAC market. Furthermore, Vizrt’s strong local presence through its APAC headquarters in Bangkok and the hands on approach, weighed heavily in the decision.
“Cable Thai’s investment in our solutions provides us with another powerful partner in Asia Pacific” commented Martin Burkhalter, Vizrt CEO. “Cable Thai is a prime example of how Vizrt’s end-to-end graphics, video and workflow solutions are giving broadcasters the tools they need to create content quickly and operate efficiently.”
Cable Thai will have complete control of all their media assets with the Viz Media Engine, Vizrt’s content management system. The Viz Media Engine will handle everything from the ingest of video and images, to browser-based editing of content and the distribution of video for on-air use.
Viz Artist, Vizrt’s 3D design platform, is the core technology used by designers to produce daily graphics, as well as enhanced templates for news, promotions and virtual studios for the broadcaster’s various programs.
The network’s studio is driven by Viz Virtual Studio. This virtual set technology allows the network to have complete and flexible creative control of their virtual set content. It also allows templated graphics and video from the newsroom to be triggered as part of the set.
In master control, Cable Thai will maintain their channel branding and provide continuous news updates with Viz Ticker. Content is controlled by editorial news staff, while master control monitors the triggering of content downstream.
All graphics and videos throughout Cable Thai are compiled by Viz Engine for real-time playout.
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
Tomer Wald / CFO / +47 5351 8040 / TWald@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.