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Vizrt Ltd. (OSL:VIZ) Bergen, Norway, September 12, 2008, Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ) today announces that Triveni Media Limited's Voice of India, part of the Triveni conglomerate, has selected Vizrt's creation, management and real-time rendering systems with associated plug-ins for their National Channel and for a slew of to-be-launched Regional Channels.
The new solution will replace the Network's existing Graphics systems that were procured just 4 months ago. The Network's personnel have undergone creation & operations training and have already started using Vizrt's solution as part of their day-to-day operations.
Voice of India is the latest addition to Vizrt's already substantial customer base in India of some 70 channels. This quarter alone, 8 new channels in India have signed up for Vizrt solutions, with a cummulative deal size of over 2 million dollars, some of it included in the backlog Vizrt reported in August.
TML - Voice of India Network's CEO - Rahul Kulshreshta explains, "On-screen graphics play a crucial role in building channel loyalty. It was an apt decision to adopt Vizrt's graphics solutions, known for their speed-to-air, design quality, flexibility and sturdiness, at this stage to regain the lead in viewership in our addressable market."
Bjarne Berg, Vizrt's CEO, stated, "The growth we are experiencing in the Indian market is typical of what we are seeing in a lot of rapidly emerging economies where numerous new channels are being launched. As we offer state-of-the-art easy to learn and operate solutions, we are in a great position to capitalise on network and channel growth as the current deal flow proves."
About Triveni Media Limited Triveni Media Ltd., a part of over Rs. 10 billion Triveni Group will soon unveil a bouquet of satellite TV Channels in domain of News, Entertainment, and Infotainment. In the initial phase, the Company will instigate a bouquet of four national channels - 2 News Channels (English & Hindi), 1 Socio-Religious Channel and 1 General Entertainment Channel, which will be later, extended to composite offering of 19 channels in the next 30 months.
The platform also boosts the media and entertainment industry's bottom line by offering more efficient codes that save on bandwidth costs, better advertising model support, and several digital rights management (DRM) enhancements for content security. It has the additional value of putting content providers back in control of their media platform.
Triveni Media's content and technology will steer its vision and justify its leadership position, in times to come. While the content shall deliver a variety of choices for all segments of the audience, including News, Health and Spirituality. Triveni Media will believe to bring the very best from all seven continents at disposal to its viewers.
About Vizrt: Vizrt offers a new vision for content creation and delivery with an end-to-end solution from ingest to visualization. Our solution combines Vizrt's true 2D/3D graphics tools with Curious Software's World Maps and Ardendo's Asset Management. Running on non proprietary software, the combination of these unique cutting edge products ensures a seamless workflow from conception to multi-format distribution. The latest addition to the Vizrt product suite is Viz|3G for hand held devices.
Vizrt's product suite is used by the world's leading broadcasters including: CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, 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. For further information please refer to www.vizrt.com 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
