ET:CC - Evertz Reports Purchase Order in Excess of $152 Million

Burlington, Ontario--(Newsfile Corp. - April 26, 2023) - Evertz Technologies Limited (TSX: ET), a global leader in media and entertainment technology solutions, today reported the receipt of a purchase order from a major US based media company in excess of $152 million for the delivery of Evertz cloud software and associated professional services to be provided over a period of 5 years.

About Evertz

Evertz Technologies Limited (TSX: ET) designs, manufactures and markets video and audio infrastructure solutions for the television, telecommunications and new-media industries. The Company's solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their increasingly complex multi-channel digital, high & ultra-high definition television ("HDTV" & "UHD") and next generation high bandwidth low latency IP network environments and by telecommunications and new-media companies. The Company's products allow its customers to generate additional revenue while reducing costs through efficient signal routing, distribution, monitoring and management of content as well as the automation and orchestration of more streamlined and agile workflow processes on-premise and in the "Cloud."

For further information, please contact:

Evertz Technologies Limited
Doug Moore, CPA, CA
(905) 335-3700
ir@evertz.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163824