/ CORRECTION - WEGENER Receives Over $800,000 in Orders From International Customer
04 Settembre 2012 - 7:35PM
Marketwired
In the news release, "WEGENER Receives Over $800,000 in Orders From
International Customer," issued earlier today by WEGENER (OTCQB:
WGNR) (PINKSHEETS: WGNR), we are advised by the company that the
last sentence in the first paragraph should read "Approximately
$233,000 of the equipment purchased in these orders was shipped
prior to the end of the fourth quarter and the balance is expected
to ship in the first quarter of fiscal 2013." Complete corrected
text follows.
WEGENER Receives Over $800,000 in Orders From
International Customer
Inks Multiple Deals for High-End Digital Signage Products
JOHNS CREEK, GA -- September 4, 2012 -- Wegener Corporation
(OTCQB: WGNR) (PINKSHEETS: WGNR), a leading provider of equipment
for digital signage, television, audio, and data distribution
networks worldwide, today announced the receipt of multiple orders
for its digital signage products from an undisclosed international
customer. Approximately $233,000 of the equipment purchased in
these orders was shipped prior to the end of the fourth quarter and
the balance is expected to ship in the first quarter of fiscal
2013.
The orders were received in the final weeks of August for
Wegener products including iPump 562 and 6400 Media Players. The
products will be operated in satellite-based Compel network
controlled environments utilizing both DVB and IP broadcast
technologies. These networks are capable of supporting live
broadcast and file-based signage applications. The equipment will
be used to expand existing networks as well as support new
deployments of digital signage in retail and transportation
networks.
"The efficiency of satellite technology, whether direct
broadcast or IP multicast, has no equal when distributing media to
large signage networks. Couple this with Wegener's ability to
manage these large networks and you have a powerful tool for
direct, focused communication," stated Troy Woodbury, President and
CEO of Wegener Corporation. "We are very enthusiastic about our
international opportunities. Our partners are expanding their
businesses using Wegener products and we believe we will see a
continuous acceleration of growth outside the US."
ABOUT WEGENER
WEGENER® (Wegener Communications, Inc.), a wholly-owned
subsidiary of Wegener Corporation (OTCQB: 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 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 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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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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