WEGENER Signs Memorandum of Understanding With International Customer Worth $1.5M
The Latest Signing Extends the Original Agreement Signed in March of 2010 Bringing Total to $3.5M
(firmenpresse) - JOHNS CREEK, GA -- (Marketwire) -- 08/20/12 -- Wegener Corporation (OTCQB: WGNR) (PINKSHEETS: WGNR), a leading provider of equipment for television, audio and data distribution networks worldwide, today announced the signing of a Memorandum of Understanding extension from an undisclosed international customer.
The Memorandum of Understanding (MOU) represents a bookable commitment to purchase WEGENER products including iPump 562 Media Players, iPump 6400 Professional Media Servers and Compel® 2 network control system. The WEGENER products will be operated in Compel network controlled environments predominantly via satellite. These networks are capable of supporting live and file-based video applications, such as content distribution, digital signage, and regionalized video insertions.
"We are very excited about our international opportunities. We have very strong relationships with companies that are expanding their businesses using Wegener products. We believe we will continue to see an acceleration of growth outside the US," stated Troy Woodbury, President and CEO of Wegener Corporation. "This is a confirmation that our investment in these products, and a lot of hard work, is paying off."
Based on current volumes, WEGENER expects deliveries to be completed much sooner than the MOU completion date of August 2015.
WEGENER® (Wegener Communications, Inc.), a wholly-owned subsidiary of Wegener Corporation (OTCQB: WGNR), is an international provider of digital video and audio solutions for broadcast television, radio, telco, private and cable networks. With over 30 years experience in optimizing point-to-multipoint multimedia distribution over satellite, fiber, and IP networks, WEGENER offers a comprehensive product line that handles the scheduling, management and delivery of media rich content to multiple devices, including video screens, computers and audio devices. WEGENER focuses on long- and short-term strategies for bandwidth savings, dynamic advertising, live events and affiliate management.
WEGENER's product line includes: iPump® media servers for file-based and live broadcasts; COMPEL® Network Control and COMPEL® Conditional Access for dynamic command, monitoring and addressing of multi-site video, audio, and data networks; and the Unity® satellite media receivers for live radio and video broadcasts. Applications served include: digital signage, linear and file-based TV distribution, linear and file-based radio distribution, Nielsen rating information, broadcast news distribution, business music distribution, corporate communications, video and audio simulcasts.
WEGENER® can be reached at (770) 814-4000 or at .
WEGENER is on Twitter. Sign up to follow (at)WEGENER at .
Ken Leffingwell
WEGENER
(770) 814-4040
Email:
Jim Traicoff
Investor Relations
WEGENER
(770) 814-4000
FAX (770) 623-9648
Email:
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Datum: 20.08.2012 - 12:45 Uhr
Sprache: Deutsch
News-ID 175800
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JOHNS CREEK, GA
Kategorie:
Telecommunication Equipment
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