VISLINK ANNOUNCES STRATEGIC AGREEMENT WITH AEROSHOT PRODUCTIONS TO PROVIDE WIRELESS CONNECTIVITY TECHNOLOGY IN ITS SPECIALIZED CAMERA SYSTEMS
Vislink will Support Aeroshot’s Rental Production Model to Broadcast Markets and will Assume Sole Rights for Military/Government Market Sales
HACKETTSTOWN, NJ, MARCH 11, 2019 — Vislink announces that it has undertaken a strategic partnership with Aeroshot Productions PTY Limited (“Aeroshot”). Under the terms of the agreement, Vislink will be the exclusive HD and 4K UHD wireless technology hardware and innovation provider for the Aeroshot product offerings, ensuring a superior level of wireless video, audio and data connectivity.
Aeroshot provides all-in-one, gyro stabilized specialized wireless camera systems, as production rental equipment, for Extreme Camera Systems for its broadcast applications. These systems, which include the Extreme Camera Systems EX250 and EX300 4K HDR, meet the growing demand for advanced camera movement technology. They help productions achieve innovative perspectives and views, as well as unprecedented augmented reality (AR) elements. Extreme Camera Systems will purchase Vislink’s wireless technology for integration in its systems; these systems in turn will be used to build out Aeroshot’s rental fleet. The EX250 and EX300 will be on display at NAB 2019 in the Vislink Technologies Booth (C6008).
The agreement between Vislink and Aeroshot calls for Vislink to promote the Aeroshot rental model to its existing broadcasting client accounts on a global basis through a structured arrangement. Vislink is also granted exclusive rights to resell these specialized camera systems to its global client base in military, government, law enforcement and public safety markets, under this agreement with Aeroshot. Vislink can utilize the Aeroshot rental model for these customers wanting to try the systems prior to purchase.
“We are very pleased to enter into this strategic partnership with Aeroshot,” says Robert King, Vislink European Sales Director. “We see the wireless EX stabilized heads as a game changer – the combination of broadcast quality stabilized video capture, a robust waterproof standalone enclosure, and Vislink’s broadcast quality RF technology will allow content creators to work faster, smarter and deliver more exciting live content. What previously took multiple personnel and equipment providers is now being handled via one trained operator and a single hardware solution.”
“Aeroshot acknowledges the significance of this new partnership based on the uniqueness of the EX Specialized Camera System and Vislink’s specialized skill set in managing the increasingly sophisticated RF transmission demands of both broadcast and tactical end users,” says Mark Ramsey of Aeroshot Productions. “We are very excited about our new partnership with Vislink brands.”
About Vislink Technologies
Vislink Technologies brands are recognized as the global leaders in the design, manufacture and deployment of end-to-end live video communications solutions. They are trusted suppliers to tier-1 customers in broadcast/sports/entertainment, and law enforcement/public safety/defense markets. Their products are recognized for high levels of performance, reliability, build quality, extended operating ranges and compact form factors. In the broadcast, sports and entertainment sectors, IMT and Vislink provide high-definition communication links to reliably capture, transmit and manage live event footage. In the law enforcement, public safety & defense markets, IMT and Vislink provide secure video communications and mission-critical solutions to local, national and international agencies and organizations. More information can be found at www.imt-solutions.com and www.vislink.com.
Headquartered in Hackettstown, New Jersey, Vislink Technologies has over 70 patents and pending patent applications. The company is a publicly traded and listed on the NASDAQ Capital Market (Symbol: VISL). For more information, visit www.vislinktechnologies.com.
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Note on Forward-looking Statements
This press release may contain projections or other forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These statements involve risks and uncertainties, and actual events or results may differ materially. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are the risk that our reduction in operating expenses may impact our ability to meet our business objectives and achieve our revenue targets and may not result in the expected improvement in our profitability, the fact that our future growth depends in part on further penetrating our addressable market and also growing internationally, and we may not be successful in doing so; our dependence on sales of certain products to generate a significant portion of our revenue; the effect of a decrease in the sales or change in sales mix of these products would harm our business; the risks that an economic downturn or economic uncertainty in our key U.S. and international markets may adversely affect demand for our products; difficulty in accurately predicting our future customer demand; the importance of maintaining the value and reputation of our brand; and other factors detailed in the Risk Factors section of our Registration Statement on Form S-1, as amended (No. 333-225975), which is on file with the Securities and Exchange Commission. Additional information will also be set forth in our Annual Report on Form 10-K for the year ended December 31, 2018. These forward-looking statements speak only as of the date hereof or as of the date otherwise stated herein. The Company disclaims any obligation to update these forward-looking statements.
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