Bergen, Norway, September 9, 2013, Vizrt Ltd. (Oslo Main List: VIZ)
Vizrt Ltd. announced today a deal worth USD 300,000 for the implementation of broadcast graphics products with CTH Public Company Limited of Thailand. CTH, a cable TV operator, is a current Vizrt customer, using both Vizrt's media asset management (MAM) and broadcast graphics products, including Viz Media Engine, Viz trio, Viz Ticker, Viz Virtual Studio, and Viz Engine. The current purchase adds new capabilities for live productions.
CTH intends to reach English Premier League fans and boost ratings through the use of the Viz Social TV solution, which provides CTH with the ability to moderate social media content. The Viz Social TV solution enables on-air social media publishing during live broadcasts, while at the same time reaching out to fans on Twitter, Facebook and other social media sites.
The deal also includes the purchase of Viz Multichannel, Vizrt's channel branding system, for scheduling automated graphic content on 5 channels. The graphic content supports the live broadcast of the English Premier League on CTH's various channels.
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. Vizrts products are used by the worlds leading broadcasters and publishing houses, including: CNN, CBS, Fox, the BBC, BSkyB, Al Jazeera, 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.
Press Contacts
Martin Burkhalter President & CEO +41 22 365 75 01 mbu@vizrt.com
Mr. Tomer Wald CFO +47 5351 8040 twald@vizrt.com
Frank Schwarz SCHWARZ Financial Communication +49 611 1745 398 11 schwarz@schwarzfinancial.com
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 Vizrts 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.
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Bergen, Norway, September 9, 2013, Vizrt Ltd. (Oslo Main List: VIZ)
