WEGENER Receives Order From Nielsen Media Research
WEGENER Receives Order From Nielsen Media Research DULUTH, Ga., Jan. 19 /PRNewswire-FirstCall/ -- WEGENER Corporation (NASDAQ:WGNR), a leading provider of television, audio and data distribution networks worldwide, announced receipt of a first quarter fiscal 2005 order from Nielsen Media Research for the development, manufacture, and sale of the new WEGENER NAVE IIC Nielsen Audio Encoder. WEGENER NAVE IIC addresses the industry's need for a new class of NAVE II encoder that operates in the compressed video/audio domain that is rapidly becoming a popular means to more efficiently distribute programming to TV stations. WEGENER NAVE IIC will be the first industry product to encode the Nielsen Media Research proprietary NAVE identification information used for TV ratings purposes into the new distribution compressed program stream without having to first decompress the programming material to baseband audio and video and then recompress them back to their desired compressed format again. "WEGENER has the advanced stream processing technology experience and track record of manufacturing products for major broadcast clients that we need for this mission critical product," stated Robert A. Luff, Chief Technology Officer for Nielsen. "The WEGENER NAVE IIC is expected to be available and widely deployed at broadcast facilities in time for the critical fall ratings period." Under the agreement, WEGENER will integrate the proprietary Nielsen audio watermarking technology into the WEGENER NAVE IIC, providing a complete solution to television broadcasters as they transition to digital transmissions. Ned Mountain, Executive Vice President of WEGENER added, "We are delighted to have been selected by Nielsen. Our NAVE IIC will be the most effective way for broadcasters to include the critical Nielsen data along with their digital transmissions." While terms of the order have not been disclosed, it is expected to contribute to WEGENER's fiscal 2005 and 2006 revenue. ABOUT WEGENER COMMUNICATIONS WEGENER is an international provider of digital solutions for IP data, video and audio networks. Applications include IP data delivery, broadcast television, cable television, radio networks, business television, distance education, business music and financial information distribution. COMPEL, WEGENER's patented network control system, provides networks with unparalleled ability to regionalize programming and commercials. COMPEL network control capability is integrated into WEGENER digital satellite receivers. WEGENER can be reached at +1.770.814.4000 or on the World Wide Web at www.wegener.com . COMPEL, MEDIAPLAN, ENVOY, UNITY, and iPUMP are trademarks of WEGENER Communications, Inc. 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, general market conditions which may not improve during fiscal year 2005 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 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 and specifically disclaims any obligation to update any forward-looking statements. Source: WEGENER Corporation CONTACT: C. Troy Woodbury, Jr., Treasurer and Chief Financial Officer of Wegener Corporation, +1-770-814-4000, or fax, +1-770-623-9648, or info@wegener.com Web site: http://www.wegener.com/ ------- Profile: International Entertainment
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