Vizrt with Storm Weather Center in first Combined Deal
(Thomson Reuters ONE) - Contract with Thai Channel 7 worth approximately USD 3.5 millionBergen, Norway, January 20, 2010. Vizrt Ltd. (Oslo Main List: VIZ)Vizrt, a leading provider of content production tools for the digital mediaindustry, today announced a deal with Channel 7 from Thailand, worth THB 115million [Thai Baht] (approximately USD 3.5 million).The sale provides the Thai public television channel with a full Vizrt workflow,ranging from broadcast graphics creation to network infrastructure. It marks thefirst combined sale between Vizrt Asia and its strategic partner, Storm WeatherCenter AS. Based in Bergen, Norway, Storm Weather Center is the leadingcommercial weather service provider in Scandanavia. One of the deal's componentsis Viz Weather, a 3D real-time weather solution, with a data feed from the StormWeather Center serviceBjarne Berg, CEO for Vizrt, stated, "We are obiously pleased with this deal,besides the financial aspects, it shows the stength of our network of strategicpartners and our strong presence in various growth markets, such as Thailand inthis case. Our offer goes beyond just the graphics products, it is very much aworkflow and application driven approach that helps us secure deals like this."The sale was completed at the end of Q4.About Storm Weather Center AS:As the first privately owned weather company in Scandanavia, Storm WeatherCenter issued its first weather forecast on April 1, 1998. The company is basedin Bergen, Norway, a city that provided the center stage for a revolution inmeteorology during the beginning of World War I. The company's main objective isto provide meteorological information to both commercial customers and the broadpublic, informatively packaged according to each customer's specification.Storm Weather Center cover all levels of production - weather forecasting,technical solutions and presentation. Our main fields are the industries ofenergy, research and development, offshore, telecom, internet and media. Formore information, please refer to www2.storm.no/engAbout Vizrt:Vizrt creates leading-edge content production tools for the digital mediaindustry - from award-winning 3D graphics & maps through integrated videoworkflow solutions and online publishing tools.We propose a new vision for content creation, management and delivery with anend-to-end solution from conception to multi-format distribution. Throughconstant innovation and a good measure of fun, we create software and servicesthat push creative boundaries and develop new ways of telling stories.Vizrt's product suite is used by the world's leading broadcasters and publishinghouses, including: CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, Network 18, TVToday, CCTV, NHK, The Globe and Mail, The Telegraph, and Welt Online.Furthermore, 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 Oslo Main List: VIZ, ISIN: IL0010838154.Investors and media contacts:Bjarne BergPresident & CEO+47 9055 7711bberg(at)vizrt.comOfra BrownCFO+47 5351 8040ofra(at)vizrt.comSCHWARZ Financial CommunicationMarc Lakmaaker+49 611 1745 398 11lakmaaker(at)schwarzfinancial.comThis information is subject of the disclosure requirements acc. to §5-12 vphl(Norwegian Securities Trading Act)[HUG#1375034] Press release as PDF: http://hugin.info/138784/R/1375034/337218.pdf
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Datum: 20.01.2010 - 01:31 Uhr
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