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Vizrt Ltd. (OSL:VIZ) Bergen, Norway, October 2, 2008, Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ) today announces the Company has singed a deal with a major sports channel. The deal, worth in excess of USD 1 million, consists of basic graphic products such as Viz Artist, Viz Engine, Viz Content Pilot and Viz Ticker. The system will be installed during the fourth quarter of this year.
The channel will cover all major international sporting events and the Vizrt technology will be used to produce a dynamic and flexible sports look. The deal results from the positive experience the client has with using Vizrt software for other parts of its operations.
Bjarne Berg, CEO of Vizrt, stated, "This is again an example of how we manage to generate new business with existing customers. In this case, the client had a very positive experience in using our technology and when the decision was made to update the look and feel of its sports coverage, Vizrt was the front runner to deliver this. We are very pleased that our products are being more and more recognised as tools to enhance sports coverage, an area where we see significant growth opportunities for the graphics side of our business."
About Vizrt: Vizrt creates leading-edge content production tools for the digital media industry - from award-winning 3D graphics & maps through integrated video workflow solutions to online publishing tools. We propose a new vision for content creation, management and delivery with an end-to-end solution from conception to multi-format and multi-platform distribution. Through constant innovation and a good measure of fun, we create software and services that push creative boundaries, develop new ways of telling stories while always taking into account our customer's bottom line.
Vizrt's product suite is used by the world's leading broadcasters and publishing houses, including: CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, Network 18, TV Today, 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 for the real time visualisation of information.
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
