EVS Broadcast Equipment signs multi-year contra...

Publication on January 25, 2016, 7.30am CET
Regulated information
EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)

Multimillion-dollar contract covers video production upgrades across NEP'S worldwide network of companies

EVS Broadcast Equipment, the leading provider of live video production systems, today announced it has signed the company's largest contract with NEP Group, the leading international broadcast services company. The deal covers a large number of EVS server upgrades for assets that NEP owns and operates across its worldwide network of companies.

The contract is valued slightly above USD 15 million. Upgrades to equipment will be delivered from 2016 through 2018, and revenue will be recognized accordingly.

NEP is a longstanding major EVS customer, and this multi-year contract underscores their long-term confidence in EVS solutions. The investment in the EVS upgrades demonstrates NEP's commitment to keeping its equipment well positioned to handle changing and future industry needs.

About NEP
NEP provides the technology and know-how to enable clients to produce the worlds' biggest live and broadcast events around the globe. The company is the leading worldwide provider of outsourced production solutions offering technical services for remote production, studio production, video display, host broadcasting, post production, smart asset / media management, multi-screen delivery and end-to-end OTT solutions. NEP's team of more than 2,000 employees is driven by passion and a focus on technical innovation, and together they have supported productions in over 65 countries on all seven continents. Headquartered in the United States, NEP has offices in Canada, the United Kingdom, Ireland, the Netherlands, Sweden, Norway, Denmark, Germany, Finland, Switzerland, Belgium, the United Arab Emirates, and Australia. For more information, please visit www.nepinc.com

ABOUT EVS
EVS is globally recognized as the technology leader for live video production. The company introduced Live Slow Motion replay in 1994, and has continued to build on its reputation for quality and reliability with solutions that enhance live sports, entertainment and news content. Innovations - such as the C-Cast multimedia platform and DYVI IT-based switcher - are raising the bar for live production enrichment, management and distribution. Broadcasters, rights owners, producers and venues alike use EVS to maximize the value of their productions and increase revenue streams. The company is headquartered in Belgium with around 500 employees in offices in Europe, the Middle East, Asia and North America, and provides sales and technical support to more than 100 countries. EVS is a public company traded on Euronext Brussels: EVS, ISIN: BE0003820371. For more information, please visit www.evs.com

Note: All brands referred in this document are officially registered trademarks.

For more information, please contact:   Yvan ABSIL, Senior Vice President, CFO Geoffroy d'OULTREMONT, Vice President Investor Relations & Corporate Communication EVS Broadcast Equipment S.A., Liege Science Park, 13 rue du Bois Saint-Jean, B-4102 Seraing, Belgium Tel: [phone].  E-mail: [e-mail]; www.evs.com

Forward Looking Statements This press release contains forward-looking statements with respect to the business, financial condition, and results of operations of EVS and its affiliates. These statements are based on the current expectations or beliefs of EVS' management 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. EVS 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.

Press release in pdf format

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EVS Broadcast Equipment via Globenewswire

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