
Bergen, Norway, May 14, 2013, Vizrt Ltd. (Oslo Main List: VIZ)
Vizrt Ltd. announced today a deal worth USD 436,000 for the implementation of media asset management (MAM) products with an existing news channel customer in Western Europe. The customer currently has an enterprise-scale Vizrt MAM solution in place and is looking to expand capacity and functionality in order to better monetize its media assets.
The news channel is purchasing several components of Vizrt's video management workflow, including Viz Dart, Vizrt's digital recording tool. Viz Video Engine will be used to capture a continuous feed from the news channel for long-term storage. Viz Media Engine, Vizrt's media management system, will provide the editorial staff with better access to and control of their video assets.
Vizrt Professional Services will be hands on for this project to assist the customer in the customization and integration of all systems into their workflow.
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, 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. For further information please refer to www.vizrt.com
Martin Burkhalter / CEO / +41 22 365 75 01 / MBurkhalter@vizrt.com
Tomer Wald / CFO / +47 5351 8040 / TWald@vizrt.com
Frank Schwarz / Schwarz Financial Communication / +49 611 1745 398 11 schwarz@schwarzfinancial.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 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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