JOHNS CREEK, GA--(Marketwire - Sep 4, 2012) - Wegener Corporation (OTCQB: WGNR) (PINKSHEETS: WGNR), a leading provider of equipment for digital signage, television, audio, and data distribution networks worldwide, today announced the receipt of multiple orders for its digital signage products from an undisclosed international customer. Approximately $233,000 of the equipment purchased in these orders was shipped prior to the end of the fourth quarter and the balance is expected to ship in the first quarter of fiscal 2013.
The orders were received in the final weeks of August for Wegener products including iPump 562 and 6400 Media Players. The products will be operated in satellite-based Compel network controlled environments utilizing both DVB and IP broadcast technologies. These networks are capable of supporting live broadcast and file-based signage applications. The equipment will be used to expand existing networks as well as support new deployments of digital signage in retail and transportation networks.
"The efficiency of satellite technology, whether direct broadcast or IP multicast, has no equal when distributing media to large signage networks. Couple this with Wegener's ability to manage these large networks and you have a powerful tool for direct, focused communication," stated Troy Woodbury, President and CEO of Wegener Corporation. "We are very enthusiastic about our international opportunities. Our partners are expanding their businesses using Wegener products and we believe we will see a continuous acceleration of growth outside the US."
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 www.wegener.com.
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WEGENER, COMPEL, COMPEL CONTROL, iPUMP, MEDIAPLAN, UNITY, ASSURED FILE DELIVERY, PROSWITCH, VIDATA, the stylized W-design logo (for WEGENER®), and the stylized C-design logo (for Compel®) are all registered trademarks of WEGENER®. 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 2013 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.