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Vizrt Ltd. (OSL:VIZ) Bergen, Norway, August 20, 2008, Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ)
Vizrt today announces it has signed a contract with a major German broadcaster for the supply of a MAM solution. The deal size is approximately USD 900,000, with some potential upside, and is expected to be delivered over the next quarters. The order is in addition to the record USD 30 million backlog reported previously.
Bjarne Berg, Vizrt's CEO, stated, "This is again a major win for Vizrt's MAM business in Germany, a very important market for us, as can be seen from the large deal with the German Football League we announced previously. We now have five installations operational and in progress to be delivered in Germany."
About Vizrt: Vizrt creates leading-edge content production tools for the digital media industry - from award-winning 3D graphics & maps to integrated video workflow solutions. We propose a new vision for content creation and delivery with an end-to-end solution from conception to multi-format distribution. Through constant innovation and a good measure of fun, we create software and services that push creative boundaries and develop new ways of telling stories.
Vizrt's product suite is used by the world's leading broadcasters including: CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, Network 18, TV Today, CCTV and NHK. Also, many world-class production houses and corporate institutions, including both the New York and London Stock Exchanges, utilize Vizrt solutions.
Vizrt is a public company traded on the Frankfurt Prime Standard and on the Oslo Main List: VIZ, ISIN: IL0010838154
Media and investors contacts:
Bjarne Berg President & CEO +47 9055 7711 bberg@vizrt.com
Ofra Brown CFO +47 5351 8040 ofra@vizrt.com
SCHWARZ Financial Communication Frank Schwarz +49 611 1745 398 11 schwarz@schwarzfinancial.com
