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    CYVIZ   NO0010015175

CYVIZ AS

(CYVIZ)
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Cyviz AS - NOK 51 million (USD 6 million) deal with Microsoft: - Expanding the partnership

11/10/2021 | 02:31am EST
10.11.2021 08:30:01 CET | Cyviz | Non-regulatory press releases

Microsoft will install Cyviz turnkey solutions powered by the Cyviz Easy
Platform in seven new sites of their Microsoft Technology Centers as part of a
global roll out program

Microsoft has standardized on Cyviz technology for the Envisioning Theaters
located in their global Microsoft Technology Centers and the Redmond Executive
Briefing Center.

The Envisioning Theater is a central point for immersive customer briefings and
demonstrations of Microsoft technology. Specific customer scenarios and
environments are brought to life through content, videos, lighting and sound
control.

Microsoft has Technology Centers with Envisioning Theaters around the world and
Cyviz has previously been awarded 17 locations.

This new deal of the Cyviz Easy Software Platform is for 7 new locations with a
value of NOK 51 million (USD 6 million), bringing the total orders to 24 cities
globally. This represents the next phase of turnkey Cyviz solutions that will be
installed for Microsoft during the first half of 2022 and includes Envisioning
Theaters in Washington DC, Dallas, Detroit, Denver, Chicago, St. Louis and
Irvine.

 "These new orders are a result of the unique strategic collaboration Cyviz has
with Microsoft where we engage on all levels be it regionally, nationally or
internationally", says CEO Espen Gylvik of Cyviz.

 

Microsoft and Cyviz Partnering for Digital Transformation

The Microsoft Technology Centers are collaborative environments that provide
access to the latest innovative technologies, enabling Microsoft customers and
partners to envision, design, and experience products. Microsoft and Cyviz
worked together on a next-generation digital transformation of the Envisioning
Theaters and to develop a new global standard based on the Cyviz Easy Software
Platform.

 

 "More than USD 20 million"

"Cyviz will be the single provider of the entire room solution, which shows the
quality of the Cyviz solutions. Including this last order, Microsoft has placed
orders for more than USD 20 million so far this year. There is more to come the
next few years", says Gylvik.

At the heart of the Microsoft Envisioning Theaters is the Cyviz Easy Platform -
https://www.cyviz.com/products/easyplatform/ which delivers the immersive
experience goals by enabling control of content and theater audio systems
directly from an intuitive touch panel. Digital scenes are set using a global
digital signage repository or live sources from the theaters and saved as a
pre-set room environment. Multiple sources can be shown in each scene.

This digital transformation of the technology centers allows Microsoft to use
one global content repository yet share the same feature rich, engaging story
across all their Microsoft Technology Centers locations.

The Cyviz Easy Platform is a standardized, configurable, and upgradeable
platform for control and management of collaboration spaces and meeting rooms.

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.com - https://www.cyviz.com

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Financials
Sales 2021 314 M 35,0 M 35,0 M
Net income 2021 -28,5 M -3,17 M -3,17 M
Net cash 2021 34,3 M 3,82 M 3,82 M
P/E ratio 2021 -17,2x
Yield 2021 -
Capitalization 497 M 55,4 M 55,4 M
EV / Sales 2021 1,47x
EV / Sales 2022 1,25x
Nbr of Employees 140
Free-Float -
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Number of Analysts 1
Last Close Price 38,60 NOK
Average target price 65,00 NOK
Spread / Average Target 68,4%
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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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