Mar 27
Vislink Receives $1.5 Million Order for HCAM 4K UHD Systems for Deployment in Asia
Latest Order Underscores Vislink's Leadership in Providing Innovative, Robust and Reliable Solutions to Global Clients
HACKETTSTOWN, NJ - March 27, 2019 - Vislink Technologies, Inc. ( Vislink or the Company ) (Nasdaq: VISL), whose brands are recognized as the global leaders in live video communications, today announced it has received an order valued at approximately $1.5 million for multiple HCAM 4K UHD wireless camera systems for deployment in Asia.
For over 50 years, Vislink wireless video technology has set the standard for the development and distribution of innovative video communication solutions. The Company's heritage is rooted in designing and deploying premium products and turnkey solutions that provide reliable connectivity in the toughest environments around the world. Vislink has been a prominent equipment supplier to the Asian market for over 15 years.
This order demonstrates that Vislink continues to be the most respected name in high-performance, high-quality solutions that meet the needs of broadcasting professionals worldwide, says John Payne, President and COO of Vislink Technologies. With 4K UHD programming continuing to grow in popularity, our HCAM system, with its ultra-low latency, HDR support and flexible configuration options, has rapidly become the industry standard for delivering immersive viewing experiences.
The Vislink HCAM is a next-generation wireless camera system offering seamless 4K UHD transmission capabilities for a number of applications including sports, broadcasting and event coverage. It is presently the only COFDM-based, UHD-capable, single-frame latency solution in the world. The HCAM ships HDR-ready, ensuring that event operators can support both current and future technologies.
Vislink will be proudly showcasing the HCAM, as well as its full line of solutions, at NAB 2019 in the Vislink Technologies Booth (C6008).
About Vislink Technologies, Inc.
Vislink Technologies brands are recognized as the global leaders in the design, manufacture and deployment of end-to-end live video communications solutions. They are trusted suppliers to tier-1 customers in broadcast/sports/entertainment, and law enforcement/public safety/defense markets. Their products are recognized for high levels of performance, reliability, build quality, extended operating ranges and compact form factors. In the broadcast, sports and entertainment sectors, IMT and Vislink provide high-definition communication links to reliably capture, transmit and manage live event footage. In the law enforcement, public safety & defense markets, IMT and Vislink provide secure video communications and mission-critical solutions to local, national and international agencies and organizations. More information can be found at www.vislinktechnologies.com.
Headquartered in Hackettstown, New Jersey, Vislink Technologies has over 70 patents and pending patent applications. The company is a publicly traded and listed on the NASDAQ Capital Market (symbol: VISL).
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Note on Forward-looking Statements
This press release may contain projections or other forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These statements involve risks and uncertainties, and actual events or results may differ materially. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are the risk that our reduction in operating expenses may impact our ability to meet our business objectives and achieve our revenue targets and may not result in the expected improvement in our profitability, the fact that our future growth depends in part on further penetrating our addressable market and also growing internationally, and we may not be successful in doing so; our dependence on sales of certain products to generate a significant portion of our revenue; the effect of a decrease in the sales or change in sales mix of these products would harm our business; the risks that an economic downturn or economic uncertainty in our key U.S. and international markets may adversely affect demand for our products; difficulty in accurately predicting our future customer demand; the importance of maintaining the value and reputation of our brand; and other factors detailed in the Risk Factors section of our Registration Statement on Form S-1, as amended (No. 333-225975), which is on file with the Securities and Exchange Commission. Additional information will also be set forth in our Annual Report on Form 10-K for the year ended December 31, 2018. These forward-looking statements speak only as of the date hereof or as of the date otherwise stated herein. The Company disclaims any obligation to update these forward-looking statements.
FOR MORE INFORMATION:
Daniel Carpini
941-953-9035
daniel.carpini@vislink.com
Investor Relations:
John Marco/CORE IR
516-222-2560
johnm@coreir.com
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