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HACKETTSTOWN, NJ, Nov. 13, 2019 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (NASDAQ: VISL) announces that it has received an order with an approximate value of $160,000 from a leading national broadcast organization in the North Africa region for wireless video systems. The order is in addition to the recently received $3 million in new orders and order backlog amounts that were announced on Nov. 6, 2019.
To fulfill the client’s requirements, Vislink designed and configured a fully integrated wireless video transmission system capable of supporting demanding institutional, social, cultural, and sporting events. Among the unique challenges the Vislink system addressed was the need to be lightweight, easy to use and should support very low delay while maintaining very good signal strength. Vislink created a solution that featured its latest HCAM transmitter based on HEVC and supporting LMS-T modulation and receiver systems with camera control that could guarantee robust performance, maximum transportability and flexible coverage support.
“We continue to see strong demand from new growth areas we are pursuing, particularly in demanding live production applications,” said John Payne, President and COO of Vislink. “Audiences around the world want to feel they are at the heart of the action of their favorite events, especially when it comes to sports. Our solutions allow broadcast professionals to deliver that experience. With our financial turnaround completed, we are pleased to be able to focus on growing our order backlog with wins like this one.”
About Vislink Technologies, Inc.
Vislink Technologies is a global leader in the development and distribution of advanced communication solutions. Driven by technical excellence that has led the industry for over 50 years, our innovative products and turnkey solutions provide reliable connectivity in the toughest environments across the global live production, military and government sectors. Our solutions include high-definition communication links that reliably capture, transmit and manage live event footage, as well as secure video systems that support mission-critical applications. Vislink Technologies shares are publicly traded on the NASDAQ exchange under the ticker symbol VISL. For more information, visit www.vislink.com.
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 our Annual Report on Form 10-K for the year ended December 31, 2018 and our other subsequent filings with the Securities and Exchange Commission. 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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