Stockholm, Sweden – Net Insight, a leading provider of efficient and scalable transport solutions for media, IP and broadcast networks, today announcesthat the company has received significant orders from a leading media service provider in the EMEA region for an upgrade and extension to its existing Nimbra-based core media network.
The service provider runs a core media network based on Net Insight's Nimbra MSR platform and the upgrade will enhance its capabilities in offering high-end media solutions to the global broadcast media market. This will be achieved by expanding its European and U.S. sites together with opening additional international POP locations.
By expanding, the service provider will add new Nimbra core MSR nodes providing multiple routes between its main uplink locations. This offers unsurpassed diversity and the ability to provide any to any port format switched services.
The total value of the new orders exceeds 1 MEUR and the majority of the delivery will take place during the fourth quarter of 2013.
Net Insight AB discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on December 5, 2013 at 08.30 am CET.
For further information, please contact:
Fredrik Tumegård, CEO of Net Insight, +46 8 685 04 00, fredrik.tumegård@netinsight.net
About Net Insight
Net Insight delivers the world's most efficient and scalable transport solution for Broadcast and IP Media,
Digital Terrestrial TV and IPTV/CATV networks.
Net Insight products truly deliver 100 percent Quality of Service with three times improvement in utilization
of bandwidth for a converged transport infrastructure. Net Insight's Nimbra(TM) platform is the industry solution
for video, voice and data, reducing operational costs by 50 percent and enhancing competitiveness in delivery
of existing and new media services.
More than 175 world class customers run mission critical video services over Net Insight products in over 60 countries. Net Insight is quoted on theNASDAQ OMX, Stockholm.
For more information, please visitwww.netinsight.net
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Net Insight AB via Globenewswire