WEGENER(R) Receives $1.2 Million Order for Digital Signage Project
WEGENER(R) Receives $1.2 Million Order for Digital Signage Project
Order for New Hi Def, MPEG-4 iPump(R) Media Server for Use in Banks
DULUTH, Ga., April 28 /PRNewswire-FirstCall/ -- Wegener Corporation (NASDAQ:WGNR), a leading provider of equipment for television, audio and data distribution networks worldwide, today announced a $1.2 million order for a digital signage project for the financial services industry. The new order was received during WEGENER's second quarter of fiscal 2008 and shipments are scheduled for delivery during WEGENER's third quarter of fiscal 2008, which ends on May 30, 2008.
This order represents the launch of WEGENER's new iPump 562 enterprise media server. The iPump 562 media server supports bandwidth-saving features, such as MPEG-4/h.264 video decompression, file-based workflows and DVB-S2 satellite demodulation. These features can be used in combination to create customized, high quality high definition (HD) and standard definition (SD) video channels for digital signage applications. WEGENER's end-to-end control and playout solution provides a cost-effective approach to supporting multi- site enterprise video projects with high levels of customization per television screen.
"We are pleased to expand the list of customers using our digital signage solutions and this order represents a powerful launch for our new MPEG-4 HD iPump media server product," stated Ned L. Mountain, President and COO of WEGENER. "This new product will be used in many hundreds of bank lobbies to display videos, up to the minute exchange rates and queue information. Digital signage has emerged as a growth area for us and the new iPump 562 vastly expands our range of solutions."
WEGENER's complete digital signage solution allows unique programming content within individual retail departments, regions or stores that can be distributed and updated by central network operators. To ensure reliable full time operations WEGENER leverages broadcast expertise and advanced network control capabilities to remotely control each receiver for 'hands-free' operation. Employees at display locations do not have to manage or interact with the receivers because functions and upgrades are scheduled and managed remotely from the COMPEL network control system at the central operations center. WEGENER iPump video decoders are optimized for superior video splicing between advertisements.
ABOUT WEGENER
WEGENER(R) (Wegener Communications, Inc.), a wholly-owned subsidiary of Wegener Corporation (NASDAQ:WGNR), is an international provider of digital solutions for video, audio, and IP data networks. Applications include IP data delivery, broadcast television, cable television, radio networks, business television, distance education, business music and financial information distribution. COMPEL(R), WEGENER's patented network control system, provides networks with unparalleled ability to regionalize programming and commercials. COMPEL(R) network control capability is integrated into WEGENER(R) digital satellite receivers. WEGENER(R) can be reached at +1.770.814.4000 or on the World Wide Web at www.wegener.com.
WEGENER, COMPEL, COMPEL CONTROL, iPUMP, MEDIAPLAN, UNITY, ASSURED FILE DELIVERY, PANDA, PROSWITCH, VIDATA, the stylized W-design logo (for WEGENER), the stylized C-design logo (for Compel) and the stylized PANDA design logo are all registered trademarks of WEGENER(R). All Rights Reserved.
This news release may contain forward-looking statements within the meaning of applicable securities laws, including the Private Securities Litigation Reform Act of 1995, and the Company intends that such forward- looking statements are subject to the safe harbors created thereby. Forward- looking statements may be identified by words such as "believes," "expects," "projects," "plans," "anticipates," and similar expressions, and include, for example, statements relating to expectations regarding future sales, income and cash flows. Forward-looking statements are based upon the Company's current expectations and assumptions, which are subject to a number of risks and uncertainties including, but not limited to: customer acceptance and effectiveness of recently introduced products, development of additional business for the Company's digital video and audio transmission product lines, effectiveness of the sales organization, the successful development and introduction of new products in the future, delays in the conversion by private and broadcast networks to next generation digital broadcast equipment, acceptance by various networks of standards for digital broadcasting, the Company's liquidity position and capital resources, general market conditions which may not improve during fiscal year 2008 and beyond, and success of the Company's research and development efforts aimed at developing new products. Discussion of these and other risks and uncertainties are provided in detail in the Company's periodic filings with the SEC, including the Company's most recent Annual Report on Form 10-K. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. Forward-looking statements speak only as of the date the statement was made. The Company does not undertake any obligation to update any forward-looking statements.
First Call Analyst:
FCMN Contact:
Source: Wegener Corporation
CONTACT: Press, Robin Hoffman of Pipeline Communications,
+1-973-746-6970, robinh@pipecomm.com; or Investor Relations, Troy Woodbury,
Investor Relations of WEGENER, +1-770-814-4000, FAX +1-770-623-9648,
info@wegener.com
Web site:
-------
Profile: intent
0 Comments:
Post a Comment
<< Home