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Vizrt signs USD 1.5 million deal with a North American News Channel upgrading from tape based to digital MAM


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Copyright © Thomson Reuters 2013. All rights reserved.
2013-02-04 07:17:25 -

Bergen, Norway, February 04, 2013. Vizrt Ltd. (Oslo Main List: VIZ)

Vizrt  has signed a deal worth USD  1.5 million for media asset management (MAM)
products  with an international  News Channel in  North America. The broadcaster
has  been a Vizrt  customer for many  years and the  new investment will replace
existing tape-based storage systems.

Viz  Media Engine, Vizrt's  complete asset management  system (MAM), will be the
core  of a new MAM  infrastructure for the broadcaster.  All archival storage is
being  moved to a digital format for easy  reference and all new content will be
ingested  utilizing Viz Dart, Vizrt's  digital asset recorder. Transcoding tools
in  the Viz Media Engine 
will convert file formats as needed when transferring files to other storage systems throughout the broadcaster's other global offices. Viz Content Pilot, Vizrt's template-based content and control application will give journalists access to graphic templates and video content in the Viz Media Engine from within their newsroom control system (NRCS). In the Control Room the MAM system is integrated with Vizrt's broadcast graphics systems included in the purchase. This includes Viz Trio, Vizrt's real-time 3D character generator (CG). Playlists in Viz Trio will include both video and graphic content that will be triggered in real-time and played through multiple Viz Engines with full video playback capability. "This new purchases will bolster an already impressive MAM and broadcast graphics installation at this TV station," stated Martin Burkhalter, Vizrt CEO. "Vizrt's commitment to a complete end-to-end graphics and video solution is what allows every broadcaster, from the local level to major global networks, to have easy to use systems for controlling all of their content and thereby improving their workflow in terms of speed and efficiency." 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. Vizrt's products are used by the world's 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 Ofra Brown / CFO / +47 5351 8040 / OBrown@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 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. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Vizrt Ltd. via Thomson Reuters ONE [HUG#1675067]


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