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WGNR Wegener Corp (PK)

0.012
0.00 (0.00%)
19 Jul 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
  0.00 0.00% 0.012 0.013 0.0298 0.00 12:07:10

WEGENER® Receives Order for $1,100,000 to Support International Digital Signage Project

19/11/2010 1:30pm

Business Wire


Wegener (PK) (USOTC:WGNR)
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Wegener Corporation (OTCQB: WGNR.PK), a leading provider of equipment for television, audio and data distribution networks worldwide, today announced the receipt of an order for iPump® 562 enterprise media players totaling $1,100,000. The units will be deployed in an international satellite-enabled digital signage project.

WEGENER’s digital signage solution provides simultaneous support of multiple clients, marketing zones and applications. It includes new digital sign creation for custom sign layouts and sequences of video, audio, graphics, html and text content. It can be used to display local content at 1 or 1000+ screens utilizing a control system proven to support millions of ad insertions a month.

“Adding digital signage to our portfolio of media distribution solutions expands our clients’ ability to deliver targeted messages,” stated Troy Woodbury, President and CEO of Wegener Corporation. “Coupled with Compel® 2 network control, clients can easily manage a variety of communication tools to multiple audiences in hundreds of locations.”

WEGENER iPump 562 media players provide a flexible messaging environment with features supporting live HD video, background music and digital signage. The new WEGENER Compel 2 network control system is used to remotely manage iPump 562 media players. Compel 2 distributes audio/visual commands, manages schedules, receiver databases and distribution over satellite & Internet paths. The new web browser interface streamlines support for multiple networks with enhanced permission-based access and segregation of network data.

The order was booked during WEGENER’s current first fiscal quarter of 2011 and will ship during WEGENER’s first and second quarters of 2011.

ABOUT WEGENER

WEGENER® (Wegener Communications, Inc.), a wholly-owned subsidiary of Wegener Corporation (OTCQB: WGNR.PK), 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, COMPEL, COMPEL CONTROL, iPUMP, MEDIAPLAN, UNITY, ASSURED FILE DELIVERY, PANDA, PROSWITCH, VIDATA, the stylized W-design logo (for WEGENER®), the stylized C-design logo (for Compel®) and the stylized PANDA design logo 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 2011 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.

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