Cyviz AS

Regulatory Filings • Sep 6, 2022

Awarded game-changing NOK 145 million (USD 14.5 million) contract with leading government financial institution in the Middle East

Awarded game-changing NOK 145 million (USD 14.5 million) contract with leading government financial institution in the Middle East

6.9.2022 09:00:01 CEST | Cyviz | Non-regulatory press releases

Cyviz has entered into a contract with a major Middle East government financial

institution to supply complete Cyviz solutions for advanced digital

collaboration in meeting rooms, innovation centers, and board rooms for the

institution's new headquarter. With a contract value of NOK 145 million (USD

14.5 million), the contract is the largest in Cyviz' history. In 2021, a record

year for the company, this contract would have accounted for 35% of the total

order intake.

"This contract is the result of hard work over years in the region and a

game-changer for Cyviz. This is by far the largest contract in the company's

history and a confirmation of the strong foothold of Cyviz' software-driven

integrated offerings in a very dynamic region that we expect will develop

significantly in the years to come. We are confident that this contract will

serve as a strong reference and a door-opener for Cyviz going forward," says CEO

of Cyviz Espen Gylvik.

The installation will be completed by the summer of 2023.

Cyviz' proven technology for high-performance visualization, ease of use, remote

support, and management capabilities, all built on the Cyviz Easy Software

Platform, was a key advantage for Cyviz in the competition for the contract.

Cyviz technology, which will be installed in multiple rooms across various

floors in the new headquarters building of the institution, will be designed

according to the customer's top-tier design standards.

"Hybrid working is the new standard after covid, but to make it work it is

essential to use technology that supports true digital collaboration by

fostering involvement by all participants regardless of their physical location.

This is a strong trend, driving an increase in demand for Cyviz' unique

solutions among corporations and government agencies globally," says Espen

Gylvik.

About the Cyviz Easy Software Platform:

* Designed for effective deployment, management, and reliable user experiences.

* Offers remote support and proactive monitoring to always ensure the rooms'

availability at any time.

* An intuitive user interface enables shifting between presentations,

collaborative workshops, or customer demonstrations to deliver a dynamic and

innovative environment for participant.

CONTACTS

* Espen Gylvik, CEO, Cyviz AS, +4791330644, espen.gylvik@cyviz.com

* Marius Skagen, CFO & Investor Relations, Cyviz AS, +47 986 44 846,

marius.skagen@cyviz.com

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, Cyviz has

simplified the way the digital workforce connects, visualize, and collaborate

across technologies and critical data. The IT-driven solutions are easy to

deploy, manage and support. Today, Cyviz serves global enterprises and

governments with the highest requirements for usability, security, 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, Dubai, Jakarta, Houston, London, Oslo, Riyadh,

Singapore, Stavanger, or Washington DC.

Cyviz is listed on Euronext Growth at the Oslo Stock Exchange (ticker: CYVIZ)