Bergen, Norway, May 02, 2012. Vizrt Ltd. (Oslo Main List: VIZ)
Vizrt Ltd. announced today that the Company has signed a deal worth in excess of USD 1.7 million for the implementation of a Media Asset Management (MAM) system and broadcast graphics products with Thai Rath of Thailand. This deal is for the launch of the Thai Rath media group's first ever TV station, called Trend VG3.
The deal includes an enterprise version of the Viz Media Engine, Vizrt's complete end-to-end solution for the creation, management and delivery of media assets. Vizrt will also deliver a complete suite of broadcast graphic products. The combined systems will provide Thai Rath and its subsidiary Trend VG3 with a solution for the production, management and multi-platform delivery all of their media content.
Thai Rath, is a Thai-language daily newspaper published in Bangkok and distributed throughout Thailand, with a distribution of more than 1 million copies per day. Founded in 1962, Thai Rath is the oldest and best selling newspaper in Thailand.
Thai Rath CEO, Mrs. Yinglak Vacharaphol established the subsidiary company Trend VG3 as the management company for the television business. This new division of Thai Rath will be run by CEO Mr. Vachara Vacharaphol.
Martin Burkhalter, CEO for Vizrt, stated, "Vizrt is proud to be a part of the launch of this new network in Thailand. The fact that a company as prestigious as Thai Rath has chosen Vizrt to build a complete solution for video and graphic content management tools strengthens our vision of being a complete broadcast solutions provider."About Vizrt:
Vizrt provides real-time 3D graphics and asset management tools for the broadcast industry - from award-winning animations & maps to online publishing tools. Vizrt's products are used by the world's leading broadcasters and publishing houses, including: CNN, CBS, Fox, the BBC, BSkyB, ITN, ZDF, Star TV, Network 18, TV Today, CCTV, NHK, The Globe and Mail, Times Online, The Telegraph, and Welt Online. Furthermore, many world-class production houses and corporate institutions such as the Stock Exchanges in New York and London use Vizrt systems.
Vizrt is a public company traded on the Oslo Main List: VIZ, ISIN: IL0010838154. For further information please refer to www.vizrt.com (http://www.vizrt.com/)
Investors and media contacts:
Martin Burkhalter
President & CEO
+41 22 365 75 01
mbu@vizrt.com (mailto:mbu@vizrt.com)
Ofra Brown
CFO
+47 5351 8040
ofra@vizrt.com (mailto:ofra@vizrt.com)
SCHWARZ Financial Communication
Frank Schwarz
+49 611 1745 398 11
schwarz@schwarzfinancial.com (mailto:schwarz@schwarzfinancial.com)
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Vizrt Ltd. via Thomson Reuters ONE
