Net Insight: 2021-11-01

fredag, november 12, 2021

Net Insight teams up with intoPIX to develop next-generation JPEG XS compliant solutions

Net Insight's Cloud and IP media platform adds JPEG XS video compression offering unparalleled low-latency and image quality for content creation and delivery.

Stockholm, Sweden — Net Insight announces its partnership with intoPIX, the leading provider of innovative compression technology, to develop cutting-edge JPEG XS compliant solutions. intoPIX's TICO-XS is fully compliant with the new JPEG XS standard and delivers pristine image quality and imperceptible latency within a highly portable software application framework. Net Insight offers JPEG XS standard compliant applications within its Cloud and IP solution portfolio.

Available now, Nimbra JPEG XS applications are rolling out to support the delivery of some the world's biggest live sporting events. Net Insight's Cloud and IP media platform combines the power of zero-compromise video compression with its industry-leading, open-standard media delivery technology.

The JPEG XS content production codec is a so-called lightweight image coding system that processes video at the microsecond level with line-based latency. Based on real-world testing and compression grades in the range of 4:1 to 12:1, Net Insight's JPEG XS applications can deliver lossless quality video while reducing typical network resource consumption by 90%. As JPEG XS is designed to scale, it fully supports the ability to natively process UHD-4K and UHD-8K content. JPEG XS may be used wherever uncompressed video is currently used, including live and distributed production, AV over IP, Virtual and Augmented Realities (VR, AR) and eSports.

The media industry has embraced remote working and the enabling technologies. By leveraging JPEG XS, we as an industry can further reduce our resource utilization and the number of processing steps. Software-based processing enables content editing and production workflows to eliminate the need to jump back and forth between different uncompressed interface standards and different codec formats. This breakthrough in video workflow processing accelerates the transition to high-quality distributed content creation. No longer is there a need to accept heavily compressed and artefact filled workflows as the compromise for moving to distributed production.

By integrating JPEG XS into its Cloud and IP media platform, Net Insight adds yet another processing option for content producers and service providers to harness. The same application acceleration platform offers virtualized processing across IP, SDI, and mixed format environments. Customers can reuse the same acceleration hardware to perform both media and network processing. The application list includes the IP Media Trust Boundary, lossless Ethernet switching, IP WAN aggregation, MPEG-4, JPEG 2000, and JPEG XS. All of these processing apps, whether it is for ST2110, SDI or IP/Ethernet data are available with lossless 1, 10, 25 and 100 GE network interfaces. Reusing the same hardware and loading new software applications when needed allows Net Insight customers to plan further ahead and adapt to the media industry's shift to IP, secure IT and Cloud services.

"We are proud and to be partnering with intoPIX, pioneer of class-leading video compression technologies, to create solutions that deliver meaningful environmental and financial savings for the media and broadcast industry," said Christer Bohm, VP Product Management at Net Insight. "The JPEG XS standard strengthens the innovation possible within content production, thereby assisting to create improved live experiences for viewers all over the world. Net Insight's JPEG XS applications bring game-changing cost reductions to our customers. In addition to bringing JPEG XS to our latest Cloud and IP solutions, we have also invested to bring JPEG XS to existing Nimbra media networks."

"Net Insight's leadership in Cloud, IP and standards-based technology represents the kind of role model partnership needed to realize the full potential of JPEG XS," said Jean-Baptiste Lorent, Marketing and Sales Director at intoPIX. "We believe that content producers, media companies and service providers will greatly appreciate the engineering excellence and innovative nature of Net Insight's adoption of the JPEG XS technology. We are immensely proud to partner on new solutions that can reduce resource consumption and environmental impact."

For further information, please contact:

Christer Bohm, VP Product Management at Net Insight AB, +46 8 685 04 00, christer.bohm@netinsight.net

Platform Communications for Net Insight

netinsight@platformcomms.com
Nana Rodaki/Leszek Rzesniowiecki
+44 (0) 745 5515 9523

About Net Insight

Net Insight (Nasdaq: NETI B) is defining new ways to deliver media, opening up opportunities for content owners, broadcasters, production companies, service providers, and enterprises to produce and deliver the future of live sport, news and online content. The company is driving the transformation to IP, virtualization and cloud workflows and has built the market's most open and cloud-ready media delivery platform for contribution, distribution, live production, and orchestration.

For over 20 years the world's leading media brands have trusted Net Insight and the company is recognized for having set the benchmark for media transport. Now Net Insight is combining its broadcast heritage and R&D expertise with the deep IP knowledge gained from developing its own streaming solution to evolve Nimbra, its Emmy® Award winning video transport solution, for the new media era. With a strong vision for the future of IP and cloud, Net Insight is helping the world's leading media brands to simply and cost-effectively produce and deliver content to viewers anywhere.

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/

About IntoPIX

intoPIX is a leading technology provider of innovative compression, image processing and security solutions. We deliver unique FPGA/ASIC IP cores and efficient software solution (on CPU & GPU) to manage more pixels, preserve quality with no latency, save cost & power and simplify connectivity. We are passionate about offering people a higher quality image experience. Our solutions enable the Broadcast industry to build new bandwidth-efficient live production workflows, reducing operating costs in HD, 4K or even 8K, replacing uncompressed video, enabling remote production and preserving always the lowest latency and the highest quality.

For more information, please visit www.intopix.com/

Twitter: @intoPIX, twitter.com/intopix
LinkedIn: @intoPIX, www.linkedin.com/company/intopix-s.a.

tisdag, november 09, 2021

Net Insight Interim Report January – September 2021

Strong growth in the third quarter, followed by a big agreement in 5G synchronization

"Q3 was the strongest in terms of revenue since Q2 2019, and sales in the period of SEK 101 million were up by just over 30% year-on-year and by 13% compared to the same period in 2019. All regions exceeded last year's sales figures, contributing to the increase, alongside increased sales for the Aperi portfolio. Agreement in 5G synchronization totaling SEK 220 million with Türk Telekom after the end of the reporting period."

Crister Fritzson, CEO of Net Insight

July – September 2021

Net sales amounted to SEK 100.8 (77.2) million, an increase of 30.6% year-on-year. In comparable currencies net sales increased by 34.1%.
Operating earnings amounted to SEK 11.8 (-4.1) million, corresponding to an operating margin of 11.7% (-5.3%). Excluding foreign exchange rate differences of SEK -0.2 (0.1) million, operating earnings were SEK 12.0 (-4.2) million.
Net income for the period for continuing operations was SEK 10.1 (-3.9) million and for the Group, including discontinued operations, SEK 10.1 (-5.9) million.
Earnings per share diluted for the Group was SEK 0.03 (-0.02).
Total cash flow for the Group was SEK 25.1 (-21.1) million. Excluding the cash impact of the divestment of operations, cash flow was SEK -6.4 (-21.1) million.

January – September 2021

Net sales amounted to SEK 272.8 (241.4) million, an increase of 13.0% year-on-year. In comparable currencies net sales increased by 19.5%.
Operating earnings amounted to SEK 23.5 (-0.9) million, corresponding to an operating margin of 8.6% (-0.4%). Excluding foreign exchange rate differences of SEK 8.2 (1.9) million, operating earnings were SEK 15.3 (-2.8) million.
Net income for the period for continuing operations was SEK 21.0 (-2.8) million. Net Income for the Group, including discontinued operations, was SEK -16.0 (244.2) million. This includes capital loss on disposal of discontinued operations of SEK -35.9 (246.4) million.
Earnings per share diluted for the Group was SEK -0.04 (0.64).
Total cash flow for the Group was SEK 55.9 (214.0) million. Excluding the cash impact of the divestment of operations, cash flow was SEK 9.3 (-88.4) million.

For the complete interim report, please refer to the attached PDF.

A conference call with web presentation for media and the financial community will take place at 9:30 am CET on November 9, 2021
CEO Crister Fritzson and CFO Joakim Schedvins will present and comment on the interim report https://financialhearings.com/event/13316

For further information, please contact:
Crister Fritzson, CEO of Net Insight AB, +46 8 685 04 00, crister.fritzson@netinsight.net

About Net Insight

Net Insight (Nasdaq: NETI B) is defining new ways to deliver media, opening up opportunities for content owners, broadcasters, production companies, service providers and enterprises to produce and deliver the future of live sport, news and online content. The company is driving the transformation to IP, virtualization and cloud workflows and has built the market's most open and cloud-ready media delivery platform for contribution, distribution, live production, and orchestration.

Net Insight utilizes mandate to repurchase own shares

The Board of Net Insight AB has decided to utilize the repurchase mandate that was given by the AGM on May 7, 2021, and initiate a repurchase of own shares. The repurchase program will commence on November 11, 2021, and run until the next AGM on May 13, 2022, and compromises a maximum of 16 million shares or SEK 70 million.

Net Insight has entered into an agreement with Nordea Bank Abp on placing an irrevocable order for the repurchase of own shares. The shares will be bought on Nasdaq Stockholm in accordance with its Rule Book for Issuers, at a price per share within the price range on Nasdaq Stockholm at any given time, by which is meant the range between the highest buying price and the lowest selling price published continuously by Nasdaq Stockholm. The purpose of the repurchases is to provide flexibility as regards the company's capital structure and possibilities to distribute capital to its shareholders.

At the time of this announcement, the number of outstanding shares in the company was 1,000,000 A shares and 388,933,009 B shares, 389,933,009 shares in total, whereof Net Insight's holding of own shares was 7,150,000 B shares.

For further information, please contact:
Joakim Schedvins, CFO of Net Insight AB, +46 8 685 04 00, joakim.schedvins@netinsight.net

About Net Insight

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/

måndag, november 01, 2021

Net Insight signs agreement worth SEK 220 million with Türk Telekom in synchronization

Stockholm, Sweden – Net Insight has signed a collaboration agreement with Turkish telecom operator Türk Telekom relating to 5G synchronization. The agreement is the first of its kind for Net Insight, and opens up a big new market. Within the framework of the collaboration agreement, SEK 55 million relates to product development, and around SEK 25 million will be an initial order with product delivery starting this year. With the agreement, Net Insight once again demonstrates the ability to commercialize its technical excellence.

Under the agreement, which is worth SEK 220 million, Net Insight is initially provided SEK 55 million for product development, as well as an initial order worth SEK 25 million for existing products with delivery starting this year. The remaining orders for an entirely new product for 5G will be delivered towards the end of 2023, with delivery completed in 2026. The solution offers unique advantages as it is independent of GPS and can provide time synchronization over existing networks. 5G rollouts can therefore be done without replacing or upgrading existing nodes in the networks, which reduces operator costs significantly.

"This is our single biggest order ever and an important milestone in the company's history. We are creating a new business offering with a new product selected by one of Europe's biggest telecom operators. There is a large total market for 5G synchronization with an estimated future annual value of over USD 1 Bn," commented Crister Fritzson, CEO of Net Insight.

"We see considerable market potential for this innovative solution which will reduce costs and speed up the roll-out of 5G for mobile operators globally. As Türk Telekom, we work hard with the responsibility of leading Turkey's digital transformation and shaping the future with 5G and new generation technologies. We take an active role in drawing the 5G roadmap in the global arena with our pioneering R&D studies, products and tests for 5G worldwide. This important collaboration agreement with Net Insight fits well with our strategy to innovate and bring new technology to the world," commented Ümit Önal, CEO of Türk Telekom.

Net Insight will develop the product on the foundation of the company's core technology, competencies and experience in time synchronization, and combined with Türk Telekom's expertise and technology adapt it for 5G and future synchronization requirements.

"Once again, we prove our strong ability to transform cutting-edge technology into attractive global products, which is based on our deep technical competence and our knowledge of the market and customer requirements," says Crister Fritzson, CEO of Net Insight.

Extending the operations with a new offering strengthens the company and opens up new markets for Net Insight. Certain resources will be shared, such as administration, logistics and support functions.

"Net Insight has had a long and rewarding collaboration with Türk Telekom, which has been key to developing the technology and adapting it to mobile operator networks. The collaboration with Türk Telekom enables us to broaden the scope of our business in an area where we have core competencies, time synchronization, and this agreement confirms the technology," commented Crister Fritzson, CEO of Net Insight.

The solution can be used for synchronization on other markets, but the primary focus is now on 5G.

Invitation to conference call with web presentation

Net Insight will hold a webcast teleconference on November 2nd, 2021 at 8:30 CET. Please visit the Net Insight website for link and dial in details.

The conference call is mainly targeted to analysts, institutional investors and media.

For further information, please contact:
Crister Fritzson, CEO of Net Insight AB, +46 8 685 04 00, crister.fritzson@netinsight.net

About Net Insight

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/

About Türk Telekom

Türk Telekom, with over 180 years of history, is the first integrated telecommunication operator in Turkey. Having a wide service network and product range in the fields of individual and corporate services, Türk Telekom unified its mobile, internet, phone and TV products and services under the single "Türk Telekom" brand. "Turkey's Multiplay Provider" Türk Telekom has 16.5 million fixed access lines, 13.8 million broadband, 3 million TV and 23.4 million mobile subscribers as of June 30, 2021. Türk Telekom Group Companies provide services in all 81 cities of Turkey with nearly 35 thousand employees with the vision of introducing new technologies to Turkey and accelerating Turkey's transformation into an information society.

For more information, please visit turktelekom.com.tr/en/ and ttyatirimciiliskileri.com.tr/en-us/

Twitter: @TurkTelekom, https://twitter.com/TurkTelekom
LinkedIn: @Türk Telekom, www.linkedin.com/company/turktelekom/

Net Insight

fredag, november 12, 2021

Net Insight teams up with intoPIX to develop next-generation JPEG XS compliant solutions

Net Insight teams up with intoPIX to develop next-generation JPEG XS compliant solutions

tisdag, november 09, 2021

Net Insight Interim Report January – September 2021

Net Insight Interim Report January – September 2021

Net Insight utilizes mandate to repurchase own shares

Net Insight utilizes mandate to repurchase own shares

måndag, november 01, 2021

Net Insight signs agreement worth SEK 220 million with Türk Telekom in synchronization

Net Insight signs agreement worth SEK 220 million with Türk Telekom in synchronization

Etiketter

Senaste nytt från Di.se

Broadcastbuyer.tv

Länkar

Kontakta mig gärna via

Bloggarkiv