Evertz Invests in a Technology Company
December 18 2012 - 8:00AM
Marketwired Canada
Attention Business/Financial Editors:
Evertz Technologies Limited (TSX:ET), a global leader in video infrastructure
solutions for production, play-out and delivery systems for television
broadcasters, telecom and multi-system operators, today reports that Evertz has
invested approximately $5 million and acquired an 80% position, in a technology
based company with revenues in excess of $10 million. The acquisition is
accretive and the company's unique communications solutions and services along
with the expertise of its talented staff complement Evertz infrastructure,
transport and control solutions.
About Evertz
Evertz Technologies Limited (TSX:ET) designs, manufactures and markets video and
audio infrastructure solutions for the television, telecommunications and
new-media industries. The Company's solutions are purchased by content creators,
broadcasters, specialty channels and television service providers to support
their increasingly complex multi-channel digital and high definition television
("HDTV") broadcast environments and by telecommunications and new-media
companies. The Company's products allow its customers to generate additional
revenue while reducing costs through the more efficient signal routing,
distribution, monitoring and management of content as well as the automation of
previously manual processes.
FOR FURTHER INFORMATION PLEASE CONTACT:
Evertz Technologies Limited
Anthony Gridley
(905) 335-7580
ir@evertz.com
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