[CYRO in multi-year deal to supply Turner Broadcasting]
Source: biz.yahoo.com
Tuesday November 20, 10:33 am Eastern Time
Press Release
SOURCE: Chyron Corporation
Chyron and Turner Broadcasting Sign Long Term Agreement for Automation, Graphics, and Modular Products
MELVILLE, N.Y.--(BUSINESS WIRE)--Nov. 20, 2001--Chyron Corporation (OTC BB: CYRO - news) today announced that it has entered into a multi-year agreement to supply automation, graphics and modular products to Turner Broadcasting System, Inc., a division of AOL Time Warner, Inc. (NYSE: AOL - news).
The agreement includes Pro-Bel Sextant automation, MAPP media management, and ICON modular products. Chyron's Aprisa 300 graphics digital disk recorders will be used for channel branding. At the request of the customer, terms of the agreement were not disclosed.
The equipment will be installed in Turner's new 193,000 square foot network operations facility now under construction. Commissioning, operational, and maintenance training are included as part of the agreement. The project is expected to be completed by mid-2003.
The Aprisa 300 DDR's add to Turner's current complement of Chyron products that already include Aprisa, Duet, and iNFiNiT!. The graphics systems will be networked, enabling cross platform access for simplified content creation and redundant real-time playout. The Pro-Bel automation products will expand Turner's existing capabilities, enabling fully redundant acquisition, storage, and playout of material on all 18 TBS networks and international feeds.
``We are very pleased that Turner, a long-standing customer, has selected Chyron to handle its mission critical automated playout and channel branding systems,'' said Roger Henderson, Chief Executive Officer of Chyron. ``The scalability and interoperability of our systems help broadcasters worldwide, including Turner, dramatically improve workflow efficiency in content creation and storage, signal distribution, media management, and automated playout.''
About Turner Broadcasting System, Inc.
Network Operations, a division of the Turner Entertainment Group, provides wide-ranging 24 hour functional support for the Turner Broadcasting System, Inc.'s entertainment networks, which include TBS Superstation, WTBS-17, TNT, Cartoon Network, Turner Classic Movies, Boomerang and Turner South, as well as nine networks in Latin America.
Turner Broadcasting System, Inc., an AOL Time Warner company, is a major producer of news and entertainment producer around the world and the leading provider of programming to the basic cable industry.
About Chyron Corporation
Serving the television industry for three decades, Chyron Corporation (OTC BB: CYRO - news) has established itself as a leading innovator in the development of television graphics and distribution systems, including products to meet the demands of digital and interactive television. Chyron provides a broad range of leading-edge hardware and software products, including on- and off-line content creation software, character generators, clip and still store products, signal distribution systems, master control switchers, broadcast automation and media management. For more information about Chyron products and services, please visit the company website at www.chyron.com.
Certain of these statements contained in this press release may be deemed forward-looking statements. Such statements, and other matters addressed in this press release, involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially from these statements and matters are the risks and other factors detailed, from time to time, in the Company's reports with the Securities and Exchange Commission, including, but not limited to, the Company's Annual Reports on Form 10-K and its Quarterly Reports on Form 10-Q. All trademarks are the property of their respective owners.
Contact:
Chyron Corporation Roger Henderson, 631/845-2000 rhenderson@chyron.com or Lippert/Heilshorn & Associates Jody Burfening or Kristine Hong, 212/838-3777 jburfening@lhai.com khong@lhai.com |