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Vizrt Ltd. (OSL:VIZ) Bergen, Norway, September 23, 2008, Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ) today announces the Company recently signed a deal with a large UK broadcaster for a basic MAM system with Ardome as the core and basic unit. The deal is worth in excess of USD 1 million. The system is to be implemented over the next four quarters.
The installation will be part of a larger multi-purpose solution. The deal is with an existing customer.
Bjarne Berg, CEO of Vizrt, stated, "We believe this deal shows our ability to attract new business from existing customers and we feel this validates our integration of the Ardendo technology with our own solutions. The deal is completely new, not part of the back log reported earlier and not related to the business done at IBC."
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
