Vislink Technologies Receives $1.5 Million in New Orders in Live Production, Military-Government and Satcom Markets
December 05 2019 - 9:30AM
Vislink Technologies, Inc. (NASDAQ: VISL) announces that the
Company has received $1.5 million in new orders in its live
production, military-government and satcom markets. The new orders
add to the $13 million order backlog that the company previously
announced on Nov. 6, 2019.
The live production orders were received from
clients operating in the broadcast, sports and entertainment
sectors for solutions including the HCAM 4K UHD, Vislink’s premium
wireless camera system. The HCAM will be used to provide coverage
from tier-1 sporting events including the Olympics and European
Football Championships. Additional orders were for products
including transmitters, receivers, broadcast digital microwave
systems, antennas and related components.
In the military-government sector, the new
business includes further orders for equipment supporting airborne
downlink applications for state and local law enforcement. The
satcom equipment orders were for secure global satellite solutions
received from international customers.
“We are pleased to see ongoing strength across
all our key sectors reflected in business wins,” said John Payne,
President and COO of Vislink. “Market uptake for our solutions
remains strong, and awareness of the value our offerings deliver
continues to drive engagement. We look forward to closing
additional business and delivering on our backlog during the
remainder of 2019.”
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.
FOR MORE INFORMATION:Daniel
Carpini
941-953-9035
daniel.carpini@vislink.com
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