JOHNS CREEK, GA--(Marketwire - Aug 8, 2012) - Wegener Corporation (OTCQB: WGNR) (PINKSHEETS: WGNR), a leading provider of equipment for television, audio and data distribution networks worldwide, today announced equipment orders and releases for two media networks.
WEGENER received an order from Microspace for 100 Unity® 552 enterprise media receivers to support an expansion of a global digital signage network. Microspace provides professional digital signage network management services for a global retailer. Utilizing WEGENER Compel® network control, in conjunction with WEGENER receive equipment, Microspace has expanded the network footprint to support close to 500 stores around the world. The order was received and will ship during Wegener's fourth quarter of fiscal 2012.
"WEGENER's media distribution solutions offer clients, particularly those with more than 100 sites, a simple and robust management system," stated Troy Woodbury, President and CEO of Wegener Corporation. "The Compel control system is optimized for professional business networks to support multiple clients and applications simultaneously."
The Unity 552 is WEGENER's enterprise media receiver for live, HD video broadcasts over satellite. Compel network control systems offer flexibility to manage, schedule, distribute and control playout of media content to WEGENER receivers. It allows operators to tightly control end-user sites by sending commands to individual or groups of receivers to configure video, audio, data outputs, or switch to specific satellite transponders.
In addition, WEGENER released an order release for 200+ WEGENER iPump 562 media servers and a non-redundant Compel 2 network control system. The units will be used by an international customer managing a governmental media network. In this configuration, the WEGENER equipment is capable of supporting live and file-based video applications, such as digital signage and regionalized video insertions.
WEGENER received the releases, from a previous booked blanket order, during the third quarter and shipped a portion of the equipment against its existing order backlog during the third quarter of fiscal year 2012. The balance of the order release will ship during Wegener's fourth quarter of fiscal 2012 which ends August 31, 2012.
Microspace Communications is a Capitol Broadcasting Company. CBC is a diversified communications company which owns and/or operates WRAL-TV, WRAL Digital, WRAL-FM, WRAL-HD2, WCMC-FM, WCMC-HD1, WDNC-AM, WCMC-HD2, WCMC-HD3, WCLY-AM, WCMC-HD4, Microspace, CBC New Media Group and Wolfpack Sports Properties in Raleigh, NC; WJZY-TV and WMYT-TV in Charlotte, NC; WILM-TV and Sunrise Broadcasting in Wilmington, NC; WRAZ-TV and The Durham Bulls Baseball Club in Durham, NC; and real estate interests including the American Tobacco Project and Diamond View office buildings in Durham, NC.
For additional information about Microspace see: www.microspace.com or call Greg Weaver at (919) 850-4547.
WEGENER® (Wegener Communications, Inc.), a wholly-owned subsidiary of Wegener Corporation (OTCQB: WGNR) (PINKSHEETS: 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.
WEGENER is on Twitter. Sign up to follow @WEGENER at http://twitter.com/wegener.
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 2012 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.