Capital/Financing Update • Jun 25, 2024
Capital/Financing Update
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Cyviz AS Secures New Microsoft Orders Worth USD 6.6 Million
25.6.2024 09:00:00 CEST | Cyviz | Additional regulated information required to
be disclosed under the laws of a member state
The orders include the installation of new Microsoft Envisioning Theaters in
Oslo, New York, Redmond (Microsoft HQ), Amsterdam, a new Experience Center in
Wien, along with upgrades to multiple existing theaters:
* Lyngby, Denmark
* Milan, Italy
* Warsaw, Poland
* Toronto, Canada
* Burlington, USA
* Malvern, USA
* Silicon Valley, USA
* Edina, USA
* Houston, USA
* Boston, USA
Since 2020, Cyviz has been working with Microsoft to upgrade its portfolio of
Envisioning Theaters. The Envisioning Theaters are in their global Technology
Center and Executive Briefing Center locations and are the centerpiece of all
Microsoft customer engagements.
Cyviz has executed an Addendum to the existing Master Supplier Services
Agreement with Microsoft, extending the Outsourced Services Statement of Work by
24 months. This extension provides a roadmap for completing their Global
Envisioning Theater Refresh requirements. To date, Cyviz has completed 27 of
Microsoft's experience centers.
The total value of the new installations, upgrades, and renewals is USD 6.6
million.
"We are pleased that Microsoft continues to invest in our technology. I'm proud
to continue our successful partnership with this key global account", says CEO
Espen Gylvik of Cyviz.
The Envisioning Theater is a central point for immersive customer briefings and
demonstrations of Microsoft technology. Content, videos, lighting, and sound
control create specific customer scenarios and environments.
Experience & Innovation Centers are one of the fastest-growing segments for
Cyviz as companies want to provide their employees and clients with an
immersive, unique, and impactful, virtual destination experience.
The upgrades will start immediately, with all installations and upgrades
expected to be completed by the end of 2025.
DISCLOSURE REGULATION
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.
CONTACTS
* Ellen Kristine Lome, Chief People & Communications Officer, Cyviz AS,
+4790624524, [email protected]
* Espen Gylvik, CEO, Cyviz AS, +4791330644, [email protected]
* Karl Peter Gombrii, CFO, Cyviz, (+47) 92822969, [email protected]
ABOUT CYVIZ
About Cyviz
Cyviz is a global technology provider for comprehensive conference and control
rooms as well as command and experience centers. Since 1998, we have created
next level collaboration spaces, assuring inclusive meeting experiences for in
person and remote attendance.
Cyviz serves global enterprises and governments with the highest requirements
for usability, security, decision making and quality. The cross-platform
experience Cyviz delivers to manage and control systems and resources across the
enterprise, makes Cyviz the preferred choice for customers with complex needs.
Find out more on www.cyviz.com - http://www.cyviz.com or visit one of our Cyviz
Experience Centers in Atlanta, Benelux, Dubai, Houston, Jakarta, London, Oslo,
Paris, Riyadh, Singapore, Stavanger, or Washington DC.
Cyviz is listed on Euronext Growth at the Oslo Stock Exchange (ticker: CYVIZ).
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