Vizrt : signs a USD 3.2 million MAM deal with a Dutch TV and Film Archive

December 19, 2014

Financial News

Bergen, Norway, December 19, 2014, Vizrt Ltd. (Oslo Main List: VIZ).

Vizrt Ltd. announced today a deal worth USD 3,150,000 for the implementation of a media asset management (MAM) project and B2B web shop, for a Dutch TV and Film Archive.

The deal includes Viz One, Vizrt's MAM system including workflow orchestration tools. Integrated portals will allow business partners and consumers to have access to the audio visual content. The system will replace a current digital archive. The new architecture will provide more efficient workflows and allows business growth in the future.

This deal is with a new customer and Vizrt was selected after an exhaustive RFP process. The solution Vizrt offered was convincing as the one fitting the customers' high requirements in the best way. Revenue from this project is going to be recognized over few quarters.

"This order exemplifies the strong position Vizrt's MAM solutions and workflow tools hold in the market. It is a perfect example of how Vizrt products are ideally suited for customers even beyond the realm of traditional broadcasting", said Martin Burkhalter, Vizrt´s CEO.

About Vizrt

Vizrt provides real-time 3D graphics, studio automation, sports analysis and asset management tools for the media and entertainment industry. This includes interactive and virtual solutions, animations, maps, weather, video editing, compositing, and playout tools. Vizrt has customers in more than 100 countries worldwide including CNN, CBS, Fox, BBC, BSkyB, Al Jazeera, NDR, ITN, ZDF, Star TV, Network 18, TV Today, CCTV, NHK and the list keeps growing. This is made possible by 600 engaged and very competent employees in 40 offices around the world. The global headquarters is in Bergen, Norway and Vizrt Ltd is listed at the Oslo Stock exchange. For further information please refer to www.vizrt.com.

Press Contacts

Martin Burkhalter President & CEO [phone]

Mr. Tomer Wald CFO [phone]

Frank Schwarz SCHWARZ Financial Communication [phone]

This press release contains forward-looking statements with respect to the business, financial condition and results of operations of Vizrt and its affiliates. These statements are based on the current expectations and beliefs of Vizrt's management and are subject to a number of risks and uncertainties that could cause actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. These risks and uncertainties relate to changes in technology and market requirements, the company's concentration on one industry, decline in demand for the company’s products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. Vizrt undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.