Vizrt Closes Contracts for 4 Million US-Dollar
Bergen, Norway, November 7, 2006. Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ) announces today, that last week the company has signed three deals together worth approximately USD 4 million. The total volume splits up in one order of USD 1.7 million from Asia/Pacific, a second contract for USD 1.5 million was closed in Western Europe, the third deal was signed in Eastern Europe and accounted for approximately USD 0.7 million. The deals are expected to be partly recognized during Q4 of this year and in 2007.
The deal in Eastern Europe is the first significant cross selling of a Ardendo system into a “Viz-station”, a customer that is already employing graphic products of the company. The other two deals are major stations that are implementing larger broadcast graphics solutions throughout their station, one of which is a new Vizrt customer. For competitive reasons the company cannot disclose the names of the customers.
Vizrt is the world’s leading provider of HD/SD real-time 2D and true 3D broadcast graphics. The company’s software suite offers a complete graphics solution including: character generation, content management and newsroom integration, 3D tickers, virtual studio, 3D weather application with data integration, Curious Software map creation tools, virtual sports analysis, information display and virtual effects. All Vizrt’s graphics products are powered by a single core renderer, the unique and powerful Viz|Engine™. Vizrt’s graphics solution goes beyond the visual aspect and includes highly customized user interfaces for the designer, operator, journalist and engineer. The world’s leading broadcasters, such as CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, TV Today, CCTV and NHK as well as Production houses and Corporate institutions, including both the New York and London Stock Exchange, use the Vizrt’s software suite. Vizrt is a public company traded on the Frankfurt Prime Standard and on the Oslo Main List: VIZ, ISIN: IL0010838154. For further information please refer to www.vizrt.com.
Forward looking statements
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.
- Contact Information
- Kathrine Wallace
- VP Marketing
- Vizrt Ltd.
- Contact via E-mail
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