MELVILLE, N.Y., March 13, 2012 /PRNewswire/ -- Chyron and German software developer Ventuz Technology AG today announced that they are entering into a strategic technology partnership. Ventuz is known for 3D real-time software, which is used predominantly for high-end presentations, interactive applications, and on-air graphics. Through this important partnership, both companies will expand the range of live graphics solutions they can make available to their customers.
"This partnership combines the world's best technology for graphics presentation with the industry standard for broadcast graphics technology," said Joachim Sturmes, CEO at Ventuz Technology. "With these solutions, our customers can take interactive data-rich presentations to a level never before seen in the broadcast realm."
Ventuz software provides an easy-to-use authoring environment for high-end video, animation, and 2D/3D graphics playback and control in an interactive setting. The software suite is the gold standard of the presentation market, and has been employed to bring style, sophistication, and innovation to many of the world's most prestigious brands. The partnership between Chyron and Ventuz will build on the proven, scalable, and widely deployed Chyron broadcast infrastructure that already is well-established in the broadcast market, bringing broadcasters an added degree of versatility and creativity in dynamic real-time graphics for live events such as news, elections, sports, and entertainment programming.
"Ventuz is an impressively flexible tool for creating visually stunning interactive in-studio applications," said Michael Wellesley-Wesley, president and CEO at Chyron. "We're very pleased to be working with the company as its software opens up an exciting new range of possibilities for both new and existing Chyron customers around the globe."Further information about Chyron and its live graphics content creation solutions is available on the Chyron website at www.chyron.com. Information about Ventuz Technology and demonstrations of the company's software are available at www.ventuz.com. About Ventuz Ventuz Technology AG, located in Munich, Germany, is developer of 3D real-time technologies for presentations, events, and TV graphics. The company's main goal is the creation of solutions that combine state-of-the-art technologies with high-class design, thus surpassing the visual expectations of any audience. A central focus lies on interactive applications. Among the brands that have used Ventuz for their events and presentations are Microsoft, Porsche, Bosch, Adidas, and many more. Furthermore, several TV stations and production companies worldwide are utilizing the broadcast version of Ventuz, such as Fox Sports. Some of the best known productions which have been produced with Ventuz are "Who wants to be a millionaire?," "Million Pound Drop" and "Big Brother." More information on Ventuz is available at www.ventuz.com. About Chyron Chyron (NASDAQ: CHYR) is a leading provider of Graphics as a Service for on-air and digital video applications including newsrooms, studios, sports broadcasting facilities, and corporate video environments. An Emmy ® Award-winning company whose products have defined the world of digital and broadcast graphics, Chyron's graphics solutions include the Axis World Graphics online content creation software and order management system, on-air graphics systems, clip servers, channel branding, and graphics asset management solutions, all of which may be incorporated into the company's BlueNet™ end-to-end graphics workflow. More information about Chyron products and services is available on the company websites: www.chyron.com and www.axisgraphics.tv. The company's investor relations information is at www.chyron.com via the "Investors" link. All trademarks and registered trademarks mentioned herein are the property of their respective owners. Special Note Regarding Forward-looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to (i) that the focus of our sales force, to provide additional services to our customer base, will improve the effectiveness of their installed Chyron products and will increase service revenue for Chyron and expand our recurring revenue base, (ii) that general and administrative expenses will continue to be aggressively managed, (iii) that we will continue to make the necessary investments in research and development for the next generation of product introductions, and (iv) that we will aggressively market and roll-out our products in Latin America and other emerging markets. These forward-looking statements are based on management's current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: current and future economic conditions that may adversely affect our business and customers; our revenues and profitability may fluctuate from period to period and therefore may fail to meet expectations, which could have a material adverse effect on our business, financial condition and results of operations; our ability to maintain adequate levels of working capital; our ability to successfully maintain the level of operating costs; our ability to obtain financing for our future needs should there be a need; our ability to incentivize and retain our current senior management team and continue to attract and retain qualified scientific, technical and business personnel; our ability to expand our AXIS online graphics creation solution or to develop other new products and services; our ability to generate sales and profits from our AXIS online graphics services, workflow and asset management solutions; rapid technological changes and new technologies that could render certain of our products and services to be obsolete; competitors with significantly greater financial resources; new product and service introductions by competitors; expansion into new markets; and, other factors discussed under the heading "Risk Factors" contained in Item 1A in our Annual Report on Form 10-K for the year ended December 31, 2010, which has been filed with the Securities and Exchange Commission, as well as any updates to those risk factors filed from time to time. All information in this press release is as of the date of the release, and we undertake no duty to update this information unless required by law. Investor Relations Lytham Partners, LLC Joe Diaz, Joe Dorame, Robert Blum 602-889-9700 email@example.com Chyron Corporation Jerry Kieliszak Sr. Vice President & Chief Financial Officer 631-845-2011 JerryK@Chyron.com
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