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WGNR Wegener Corp (PK)

0.022
0.005 (29.41%)
22 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Wegener Corp (PK) USOTC:WGNR OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.005 29.41% 0.022 0.016 0.0278 0.022 0.022 0.022 100 21:00:00

WEGENER, Hyundai IT America Corp., and IntelliVision Team Up for NAB

04/04/2013 1:45pm

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Wegener (PK) (USOTC:WGNR)
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Wegener Corporation (PINKSHEETS: WGNR), a provider of equipment for digital signage, television, audio, and data distribution networks worldwide, today announced that they will be presenting their total solution for digital signage and media distribution at the upcoming National Association of Broadcasters show in Las Vegas.

Hyundai IT America Corp. displays and kiosks will be used throughout WEGENER's booth (SU3021) for product demonstrations including the IntelliVision real time audience measurement software. Based on artificial intelligence technology developed for the security industry, the IntelliVision software identifies gender and age of viewers as well as disposition and duration of the viewing event. This data when coupled with as-run logs generated by the WEGENER media players provides an accurate record of what played, when it played, and the demographics of the viewers.

Product experts Mike Kim of Hyundai IT America Corp. and Steve Viegas of IntelliVision will be available at the Wegener booth to answer questions about their technologies and their integration with Wegener.

"With new products and capabilities to display, this NAB will be an exciting event for Wegener," stated Troy Woodbury, President and CEO of Wegener Corporation. "We will build on the momentum started at February's Digital Signage Expo with a focus on adding channel partners and expanding our sales team."

WEGENER will display its iPump 526 Media Players, and its newest addition to the product family -- the iPump 725 and iPump 762 Media Servers. Both products will be used to allow visitors to the booth to view rich content and learn more about the companies' various offerings.

ABOUT Hyundai IT America Corp.

Hyundai IT America Corp. is a leading manufacturer in the digital display industry. Our incessant business growth in 20 years history is from a strong foundation of a robust global sales channel infrastructure of 300 (Korea) local authorized dealers and worldwide sales operation in Europe, USA, and Japan.

ABOUT IntelliVision

IntelliVision is a leading company in "Video Intelligence and Automated Monitoring" solutions for security, surveillance and safety markets. IntelliVision is a well-recognized and proven company in this market. Our products have been very successfully deployed at several top customers and partners in the USA, Europe and Asia. IntelliVision has been deploying its solutions for about 9 years in this market. IntelliVision is based in San Jose, Silicon Valley, California, with offices in Asia and Europe.

ABOUT WEGENER

WEGENER® (Wegener Communications, Inc.), a wholly-owned subsidiary of Wegener Corporation (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 of 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, 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 reports, including the Company's most recent Annual Report. 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.

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PRESS CONTACT: Ken Leffingwell WEGENER (770) 814-4040 Email: Email Contact INVESTOR RELATIONS CONTACT: Jim Traicoff Investor Relations WEGENER (770) 814-4000 FAX (770) 623-9648 Email: Email Contact

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