Vizrt signs USD 339k broadcast graphics deal with Indian news channel

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Bergen, Norway, May 27, 2014, Vizrt Ltd. (Oslo Main List: VIZ).

Vizrt Ltd. announced today a deal worth USD 339,000 for the implementation of broadcast graphics products with a news channel in India. The customer is looking to increase its capture of a large addressable market. As there is a substantial pool of talented operators in India, the broadcaster selected Vizrt to help differentiate itself from the competition with innovative storytelling.

The customer purchased Viz Pilot to create a MOS workflow for their 24-hour news channel. This workflow allows journalists in the newsroom to access graphic templates from within their native newsroom control system with Viz Pilot. The Viz Pilot templates would then be used to build a playlist of content that will be played back by an operator in the control room.

Viz Virtual Studio is part of the deal to provide a hybrid physical and virtual set in the studio. Content from Viz Virtual Studio will be controlled by the Viz Pilot playlist in the control room. All graphic content is displayed in real-time using the compositing engine, Viz Engine.

 

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.