In safe harbor statement, text should read: fiscal year 2011
(sted fiscal year 2010).
The corrected release reads:
WEGENER RECEIVES ORDER FROM
MICROSPACE TO EXPAND DIGITAL SIGNAGE PROJECT
Project Integrates Live Video into
Retail Stores across Europe and USA Sites
Wegener Corporation (OTCQB: WGNR.PK), a leading provider of
equipment for television, audio and data distribution networks
worldwide, today announced receipt of an order from Microspace to
expand the deployment of WEGENER receive equipment for a retail
client. Microspace uses WEGENER equipment to process video
broadcasts sent via satellite to digital signage displays within
the client’s stores across Europe to support and increase brand
awareness with consumers. The new order will expand the deployment
of receive equipment to the client’s locations within the United
States.
As business partners with a 20-year relationship, Microspace has
long supported the WEGENER media distribution platform. Microspace
is a global entity with U.S. offices in Raleigh, N.C.; Microspace
provides reliable and cost effective media delivery services around
the clock to over 250,000 receive sites via the world’s top
satellites and a variety of equipment providers. Using WEGENER’s
Compel® network control system, Microspace is able to support
multiple clients with a variety of receive options for digital
signage, television, radio or data broadcast applications.
“Our client wanted to showcase their brand in an intriguing
manner while also creating a unique retail environment,” stated
Greg Hurt, vice president of sales and marketing at Microspace.
“Working with WEGENER we were able to quickly select the right
media receiver to fit this project’s need and complete a successful
launch.”
Troy Woodbury, WEGENER President and CEO stated, “Compel is a
reliable, flexible tool for media distribution that helps
organizations take advantage of new business opportunities. We are
pleased to continue to support Microspace as they offer new
services to their clients.”
Initial orders were received and shipped during fourth quarter
of WEGENER fiscal 2009 and throughout fiscal 2010. The new order
was received during fourth quarter of WEGENER fiscal 2010.
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.
ABOUT MICROSPACE
Microspace Communications Corporation (Microspace), a subsidiary
of Capitol Broadcasting Company, is the leader in satellite
services for digital signage, business communications and digital
cinema. The company operates the largest global business satellite
broadcasting network with over 250,000 remote links worldwide.
Microspace’s VELOCITY content delivery platform is available as
either a dedicated solution or as an on-demand service, enabling
customers to easily and affordably expand bandwidth as their
delivery needs change. The company also offers cellular services to
support signage applications. Microspace is headquartered in the
U.S. and has a presence in Europe and Latin America. For more
information, visit www.microspace.com.
MICROSPACE can be reached at 919-850 4500 or at
uplink@microspace.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.
Wegener (PK) (USOTC:WGNR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Wegener (PK) (USOTC:WGNR)
Historical Stock Chart
From Jul 2023 to Jul 2024
