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NOVRA ANNOUNCES CLOSING OF CONTROLLING INTEREST IN WEGENER CORPORATION

2018-01-05

NOVRA ANNOUNCES CLOSING OF CONTROLLING INTEREST IN WEGENER CORPORATION

Winnipeg, MB – (CNW, January 5, 2018): Novra Technologies Inc. (“Novra”) (TSX-V: NVI) announces that it has completed the acquisition of the 51% controlling interest of Wegener Corporation (“Wegener”) effective December 29, 2017, after concluding a successful debt restructuring with Wegener’s major secured creditor.

Harris Liontas, President and CEO stated, “I’m very pleased that we have closed the first phase of the two-step approach for acquiring 100% of Wegener.  I am also thrilled that Wegener’s major secured creditor believes in our vision and strategy.  Subject to completing the remaining 49% acquisition by December 31, 2019, the restructured debt with this secured creditor will be extended up to eight years with flexible repayment terms at a low financing cost.”

About Novra Technologies Inc.:

Novra (TSX-V: NVI) is an international technology provider of products, systems and services for the distribution of multimedia broadband content.  Novra’s applications focus includes: broadcast video and radio, digital cinema, digital signage, and highly reliable data communications.

For more information visit: www.novragroup.com

Forward-Looking Statements:

This press release contains “forward-looking statements” within the meaning of applicable Canadian securities laws.  Forward-looking statements are generally identifiable by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “predicts”, “outlook”, “potential”, “targeted”, “plans” “possible”, “poised for”, and similar expressions, or statements that events, conditions or results “will”, “may”, “could” or “should” occur or be achieved.   These statements are not historical facts but instead represent Novra’s belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Novra’s control.  It is possible that actual results will differ, possibly materially, from the anticipated results contemplated by these statements.  Factors that could cause actual results to differ, possibly materially, from those forward-looking statements are disclosed in our periodic MD&A filings on SEDAR at www.sedar.com.

For the above reasons, readers are cautioned not to place undue reliance on forward-looking statements. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

# # #

Contact Information:

Harris Liontas
President & CEO
+1 204 989 4632
hliontas@novra.com

Steven Archambault
Chief Financial Officer
+1 613 596 4120 ext. 2296
sarchambault@novra.com

 

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International Datacasting and Wegener Products Nominated for Prestigious “Product of the Year” Award at NAB Show 2019

Wednesday, April 10, 2019

NAB Product of the Year Logo

UPDATED: The iPump Pro 762 next-generation Multi-Screen Media Player won in the category of "Hardware Infrastructure"

Las Vegas, NV (April 9, 2019)

International Datacasting/Novra Group is pleased to announce that two of its new products, the IDC Edgecaster Pro and the Wegener iPump Pro 762, have been nominated for the “Product of the Year” at the 2019 National Association of Broadcasters (NAB) Show in Las Vegas. This prestigious award honors the “the most significant and promising new products and technologies being exhibited at the Show.”  

The new Edgecaster Pro digital insertion platform enables broadcasters to seamlessly switch between live broadcast and local content using the advanced SCTE-35 protocol. Based on previous proven International Datacasting and Wegener products, the Edgecaster Pro enables regionalization of content, management of blackouts, graphics overlay and text crawl as well as video decoding.  

MVS TV in Mexico has recently selected Edgecaster Pro for regionalization and targeted content insertion in its live broadcasts via satellite.  

The iPump Pro 762 is a next generation Multi-Screen Media Player for IP and/or Satellite networks. Designed for digital signage it has the features and versatility to serve many markets. Initial orders have been received and are being deployed in Latin America.

Novra Group President and CEO, Harris Liontas, commented, “We are very proud to have industry recognition for the leading edge work we are doing. It is an honor to be nominated, and we are very excited to be working with such an important broadcaster as MVS Television”.   

The Edgecaster Pro, iPump Pro 762 and other new products in the IDC/Novra/Wegener video suite of solutions will be on display at the National Association of Broadcasters (NAB) show in Las Vegas, April 8-11 at the International Datacasting/Novra Group booth SU3621.

About Novra Technologies Inc.: Novra (TSX-V: NVI) is an international technology provider of products, systems and services for the distribution of multimedia broadband content.  The Novra Group of companies includes Novra, International Datacasting Corporation, and Wegener Corporation. The companies in the group are known for a strong focus on applications including: broadcast video and radio, digital cinema, digital signage, and highly reliable data communications. For more information visit: www.novragroup.com

 

 

CONTACT:

 Diana Cantu, VP Marketing & Sales

+1-613-596-4120 x2202 dcantu@datacast.com