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Vizrt signs USD 804 virtual set deal with a news channel in the Middle East

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Bergen, Norway, March 25, 2014, Vizrt Ltd. (Oslo Main List: VIZ).

Vizrt Ltd. announced today a deal worth USD 804,000 for the implementation of broadcast graphics (BG) products with a news channel in the Middle East. The customer has been using Vizrt BG products for many years. The new virtual set system will be integrated seamlessly with the channel’s current BG workflow solutions.

The deal includes Viz Virtual Studio, Vizrt’s virtual set management system. Viz Virtual Studio will be used for both immersive graphics as well as traditional green screen virtual studios. Viz Engine was purchased to handle real-time rendering of the virtual elements.

The news channel also purchased a 24-camera Motion Analysis Raptor Tracking System. This is an optical tracking system that sends camera movement information to the Viz Virtual Studio software. Vizrt is a partner and reseller of Motion Analysis.

The customer saw the combined Viz Virtual Studio and Motion Analysis tracking system at Vizrt’s booth during IBC 2013 and was impressed with the capabilities and flexibility of the system. The ease of setup and use was a major factor for choosing this tracking solution.

 

 
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.