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    CYVIZ   NO0010015175

CYVIZ AS

(CYVIZ)
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Real-time Oslo Bors  -  05/20 06:58:17 am EDT
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03:45aEmployee Share Purchase Program and share capital increase – 48% participation among employees
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Cyviz AS - Continues its successful growth journey with prestigious contracts for command-and-control rooms in the Middle East – NOK 18 million (USD 2 million)

12/14/2021 | 08:01am EDT

Cyviz’ success with large Government and Oil and Gas customers in the Middle East continues. The two recently awarded contracts standardizing on Cyviz software and technology for command-and-control rooms emphasize this.

The customer’s choice with a need for a solution for a collaborative work environment, state-of-the-art command and control rooms in addition to gain real-time situational awareness, confirms Cyviz’ position in the region. The contracts awarded are valued at NOK 18 million (USD 2 million). 

With the collaboration and visualization solution from Cyviz the customers’ goal is to increase efficiency and the speed of making real time decisions by seamless collaboration internal and externally between stake holders. The agreements include multiple command & control rooms, crisis management room and an Executive Boardroom.

To achieve this the customers have decided to standardize on Cyviz software and technology for some of their most critical infrastructure and collaboration solutions, recognizing the benefits of a robust platform for management and support. 

“Cyviz has a strong position in the Middle East, and we continue to win new business thanks to our multipurpose-driven technology and the outstanding services from the regional team”, says Espen Gylvik, CEO of Cyviz.

The installations will be powered by the Cyviz Easy Software Platform, a standardized, configurable, and upgradeable infrastructure that delivers an intuitive and consistent user experience across the entire estate. The Easy Software Platform provides a centralized foundation for the support and management of the rooms, consolidating new facilities with existing infrastructure.

Disclosure regulation

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

Contacts

  • Espen Gylvik, CEO, Cyviz AS, +4791330644, espen.gylvik@cyviz.com

About Cyviz

Cyviz is a global technology provider for standardized conference rooms, control rooms and experience centers. Since 1998, Cyviz has empowered the digital workforce to connect, visualize, and collaborate on their critical data. The IT-driven turnkey solutions are easy to deploy, manage and support.  Cyviz serves global enterprises and governments with the highest requirements for usability, security and quality, that engage people, encourage collaboration, and accelerate decision-making. Cyviz is listed on Euronext Growth at the Oslo Stock Exchange (ticker: CYVIZ)

cyviz.com

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Financials
Sales 2022 420 M 43,3 M 43,3 M
Net income 2022 -23,8 M -2,46 M -2,46 M
Net Debt 2022 2,94 M 0,30 M 0,30 M
P/E ratio 2022 -20,3x
Yield 2022 -
Capitalization 475 M 49,0 M 49,0 M
EV / Sales 2022 1,14x
EV / Sales 2023 1,03x
Nbr of Employees 147
Free-Float 73,5%
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Number of Analysts 1
Last Close Price 36,90 NOK
Average target price 50,00 NOK
Spread / Average Target 35,5%
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Managers and Directors
Espen Kristian Gylvik Chief Executive Officer
Marius Skagen Chief Financial Officer
Rune Syversen Chairman
Eirik Simonsen Chief Technology Officer
Daniel Golparian Chief Operating Officer
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