Bergen, Norway, June 17, 2014, Vizrt Ltd. (Oslo Main List: VIZ).
Vizrt Ltd. announced today a deal for the purchase of advanced design tools worth USD 340,000 with a German provider of broadcast solutions and virtual technology to the sports and the media world. The customer is expanding its capacity by installing additional Viz Artist workstations in their OB vans, allowing for last minute design changes when preparing for a live event. The technology is used on-site to provide extra flexibility of content creation and control.
The deal includes Viz Artist, Vizrtís real-time 3D design application. Viz Artist allows the customer to design broadcast graphics content for any Vizrt application. Several Viz Engines, Vizrtís real-time compositing engine, were also purchased to provide preview of graphic content using a DVI signal.
Investor and media contact:
Martin Burkhalter / CEO / +41 22 365 75 01 / MBurkhalter@vizrt.com
Tomer Wald / CFO /†+44 20 3289 6415 / TWald@vizrt.com
Frank Schwarz / Schwarz Financial Communication / +49 611 1745 398 11 / email@example.com
Vizrt provides real-time 3D graphics, studio automation, sports analysis and asset management tools for the broadcast industry - interactive and virtual solutions, animations, maps, weather, video editing and compositing tools. Vizrt's products are used by the world's leading broadcasters, including: CNN, CBS, Fox, the BBC, BSkyB, Al Jazeera, ITN, ZDF, Star TV, Network 18, TV Today, CCTV, and NHK. 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
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 companyís concentration on one industry, decline in demand for the companyís 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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