Bergen, Norway, April 24, 2006. Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ), the world's leading TV graphics and content management company announces today, that it has entered into a support agreement with TV2. The contract was set for a duration of three years and is worth USD 1 million of revenues.
TV2 runs abroad range of Vizrt software installations, it will receive maintenance and support including product updates for the agreed period of time.
TV2 is the largest commercial broadcast company in Norway and was one of the founders of Vizrt. TV2 still holds 419,147 shares or approximately 2.5 percent in Vizrt.
Vizrt is the world's leading provider of HD/SD real-time 2D and true 3D broadcast graphics. The company's software suite offers a complete graphics solution including: character generation, content management and newsroom integration, 3D tickers, virtual studio, 3D weather application with data integration, Curious Software map creation tools, virtual sports analysis, information display and virtual effects. All Vizrt's graphics products are powered by a single core renderer, the unique and powerful Viz|Engine(TM). Vizrt's graphics solution goes beyond the visual aspect and includes highly customized user interfaces for the designer, operator, journalist and engineer. The world's leading broadcasters, such as CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, TV Today, CCTV and NHK as well as Production houses and Corporate institutions, including both the New York and London Stock Exchange, use the Vizrt's software suite. 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