onsdag, december 18, 2024

Net Insight appoints Andreas Eriksson as permanent Chief Commercial Officer

Stockholm, Sweden – Net Insight is pleased to announce the appointment of Andreas Eriksson as permanent Chief Commercial Officer (CCO), effective immediately.

Andreas Eriksson has been serving as acting CCO since 15 November 2024 and brings extensive global expertise from the broadcast and media industry. His previous roles include CEO and Head of Sales at Telstra Broadcast Services in Australia, as well as strategic and senior leadership positions with Red Bee Media and Ericsson Broadcast and Media Services. With a wealth of experience both in Sweden and internationally, Andreas has a proven track record of driving growth and strengthen customer relationships.

"I'm very pleased to appoint Andreas Eriksson to this key role on a permanent basis," says Crister Fritzson, CEO of Net Insight. "With his extensive experience and documented success, Andreas will play a pivotal role in enhancing our commercial operations and positioning us for further expansion."

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) provides the highest performing, most open video transport and media cloud technology for content providers as the industry standard for flexibility and service across live contribution, distribution and remote production media workflows.

For over 25 years, the world's leading content owners, broadcasters, production companies, service providers and enterprises have trusted Net Insight's Emmy® Award winning Nimbra technology to guarantee media delivery. Today, Net Insight partners with hundreds of customers in over 70 countries to ensure media flows across managed and unmanaged IP networks, and the cloud – from anywhere, to everywhere. It enables customers to get the best from any mix of virtualized, cloud and IP technology and is the only platform to support all the major industry standards, protocols and clouds.

For more information, please visit netinsight.net

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X: https://x.com/NetInsight

tisdag, december 17, 2024

Net Insight appoints Pramod Zachariah to the newly established role Head of Sales Asia, Synchronization

Stockholm, Sweden – Net Insight is pleased to announce the appointment of Pramod Zachariah as Head of Sales Asia, Synchronization. This is a newly established role aimed at accelerating the commercialization of Net Insight's time synchronization solution Zyntai in the APAC region.

With the objective of enhancing its commercial functions and leveraging the increased activity in the APAC region, Net Insight has appointed Pramod Zachariah to the newly established position Head of Sales Asia, Synchronization. Pramod Zachariah is Singapore based and will be working from Net Insight's Singapore office. He assumed his role effective as of yesterday, 16 December 2024.

Pramod Zachariah brings over 20 years of experience in telecommunications and technology sales across the Asia Pacific region, with deep expertise in cloud technologies, 5G, and ICT infrastructure. Throughout his career, he has held key roles driving innovation and growth within the telecom sector and most recently served at VMware, where he focused on building strategic alliances and partnerships with large telecom operators in the region.

"We are thrilled to welcome Pramod Zachariah to Net Insight and the synchronization team," says Crister Fritzson, CEO of Net Insight. "His proven track record in driving business growth and expanding market presence will be a great asset as we strengthen our commercial operations to meet the growing demand in the APAC region."

For further information, please contact:
Per Lindgren, Group CTO and Head of Synchronization at Net Insight, +46 8 685 04 00,
per.lindgren@netinsight.net

About Net Insight

Net Insight (Nasdaq: NETI B) provides the highest performing, most open video transport and media cloud technology for content providers as the industry standard for flexibility and service across live contribution, distribution and remote production media workflows.

For more information, please visit netinsight.net

Follow us:
LinkedIn: linkedin.com/company/net-insight/
X: https://x.com/NetInsight

onsdag, december 11, 2024

Net Insight expands in APAC to further grow the time synchronization business

Stockholm, Sweden – Net Insight expands partnership with Tekmark Group in Malaysia and the Philippines as well as Vietcoms in Vietnam, to accelerate growth in the APAC region. Both partners will invest in pilot systems of the GNSS-independent time synchronization solution Zyntai, to pursue further opportunities in their respective markets, advancing Net Insight's position in the rapidly growing Asian market. The pilot systems will be delivered in Q4, 2024.

The Asia-Pacific region (APAC) is a dynamic and rapidly growing market, leading the global rollout of 5G technologies. Experiencing robust economic growth, the Philippines aims to expand 5G coverage to 40% of the country by 2030, potentially boosting the country's GDP by up to 1%. Malaysia is making significant strides in its 5G deployment. In addition to its 5G expansion, the country is gearing up to showcase its technological prowess as it prepares to assume the ASEAN chairmanship in 2025. Similarly, Vietnam, with an annual GDP growth forecast of 10% from 2023 to 2030, is emerging as a key technology market. Mobile broadband revenue, driven by 4G and 5G adoption, is expected to outpace subscription growth.

Leveraging long-standing market presence, Tekmark and Vietcoms are poised to capitalize on these opportunities, partnering with telecom operators to help fuel digitalization with Net Insight's time synchronization solution. Tekmark has an established presence in both the Malaysian and the Philippine markets, while Vietcoms brings over 15 years of experience delivering leading technical solutions in the Vietnamese market. Both partners have a long and successful partnership with Net Insight in media.

"Tekmark is thrilled to be a strategic partner of Net Insight in Malaysia and the Philippines and we see a strong business opportunity for the 5G time synchronization business," says Dato' Ralph Khor, Group Managing Director at Tekmark Group. "By combining Net Insight's expertise with our in-depth market knowledge, this partnership is set to deliver unparalleled value to stakeholders in this region."

"We are proud to collaborate with Net Insight in delivering their world-class time synchronization solution to the Vietnamese market," says Khang Do, CEO at Vietcoms. "Our partnership allows us to address the growing demand for reliable and precise 5G infrastructure, which will empower our customers to stay ahead in this rapidly evolving technological landscape."

"APAC is a fast-growing market in 5G and this further strengthens our capabilities in the region," says Per Lindgren, Group CTO and Head of Synchronization at Net Insight. "We are proud to work with strong partners like Tekmark and Vietcoms to accelerate the reach and capabilities of Net Insight in the growing APAC telecom market. These orders show their commitment and strong belief in our Zyntai product and the time synchronization market opportunity."

For further information, please contact:
Per Lindgren, Group CTO and Head of Synchronization at Net Insight,
+46 8 685 04 00, per.lindgren@netinsight.net

About Net Insight

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: x.com/NetInsight

About Tekmark Group

For more information, please visit tekmarkgroup.com

About Vietcoms

For more information, please visit LinkedIn

måndag, december 09, 2024

Net Insight secures 5G time synchronization order from leading European telecom operator

Stockholm, Sweden – Net Insight has secured an order from a leading European telecom operator to deliver its time synchronization solution. This first order of 25 units of Zyntai nodes has been won in partnership with Net Insight's Turkish partner Sekom and the majority of the revenue was recognized earlier this year.

Net Insight's Zyntai product will provide network-based time synchronization independent of GNSS, offering the telecom operator a resilient and cost-efficient time synchronization interoperable with existing synchronization solutions.

"This is a strategic win for us in 5G time synchronization, verifying the strong competitiveness of the Zyntai solution," says Crister Fritzson, CEO of Net Insight. "The leading telecom operator recognizes how crucial synchronization is for the robustness of its network and its vision for a GNSS-independent synchronization is aligned with how we have developed our Zyntai product. We share the telecom operator's focus on excellence and innovation."

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) offers a GNSS/GPS independent time synchronization solution for TDD 5G networks through its Precision TimeNet product that provides the highest accuracy and performance while dramatically reducing CAPEX and OPEX for MSOs and speeding up 5G roll-outs by working over existing IP/MPLS networks.

With over 25 years of experience from the professional media industry where the world's leading media providers have relied on Net insight's Emmy®-winning Nimbra solution to guarantee their media transport and to accurately synchronize TV and media services over existing IP networks independently of GNSS/GPS. Net Insight now brings this uniquely established knowledge into the future mobile networks to solve 5G TDD time synchronization independent of GNSS/GPS. Solving time synchronization in 5G and 6G TDD networks through approaching it as an open disaggregated virtualized end-to-end service provided independent of the underlying network is for Net Insight the only future proof approach.

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: x.com/NetInsight

About Sekom

For more information, please visit www.sekom.com.tr/en

tisdag, december 03, 2024

Net Insight wins order for national time distribution network in South Africa

Stockholm, Sweden – Net Insight has secured an order for approximately 50 units of the GNSS-independent time synchronization solution Zyntai from its reseller GDS Technologies in South Africa for the new end-customer Synch Industries. This is the first Zyntai order in South Africa and the order was received and will be partially delivered in Q4, 2024, and in 2025, as a first phase of the network.

Net Insight's South African reseller partner GDS Technologies and the new end-customer Synch Industries have selected Net Insight's innovative Zyntai solution, based on the synchronization technology Precision TimeNet, to facilitate GNSS-independent time distribution throughout South Africa.

After a successful Proof of Concept (POC) process, the order was received and will be partially delivered in Q4, 2024 and in 2025. This is the first phase of the network, and it consists of approximately 50 units of the GNSS-independent time synchronization solution Zyntai. With this order, Net Insight is expanding its geographical presence and affirming the resilience and versatility of the solution, enabling new monetization opportunities for operators while securing national critical infrastructure.

Synch Industries is committed to building a national time distribution network free from GNSS-dependency. They will offer Time as a Service (TaaS) to a wide range of industries, such as telecom, media companies, fintech, data centers and power utilities. The implementation of GNSS-independent time distribution will strengthen national resilience and eliminate reliance on foreign influence in this vital national service. The network will go live in Q1, 2025 and the plan is to expand it further during the year.

"We are thrilled to achieve this technologically advanced network through the collaboration with Net Insight and GDS Technologies and we are excited to see that the project is in its final stages of going commercial," says Neeren Ramharakh, Founder and CEO of Synch Industries. "In an increasingly interconnected world, the demand for precise, accurate, and secure time has never been more critical. Our commitment to providing a trustworthy source of time lays the foundation for businesses to thrive, enhance their operational efficiency, and forge ahead in the digital age."

"We are very proud to welcome a new customer in time synchronization, which serves as a strong testament to the relevance and the growing demand for our solution. This milestone opens a new market and creates opportunities in this region," says Per Lindgren, Group CTO and Head of Synchronization at Net Insight. "We look forward to teaming up with GDS Technologies and Synch Industries to create a network for distribution of national time in South Africa."

For further information, please contact:
Per Lindgren, Group CTO and Head of Synchronization at Net Insight AB,
+46 8 685 04 00, per.lindgren@netinsight.net

About Net Insight

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: x.com/NetInsight

About GDS Technologies

For more information, please visit https://gdstech.co.za

About Sync Industries

For more information, please visit https://synchindustries.com/

tisdag, november 26, 2024

Net Insight increases inventory levels to secure future component supply

Stockholm, Sweden – In line with previous communications, the product lifecycle for programmable circuits (FPGAs) has been shortened. To secure component supply, Net Insight has decided to temporarily increase inventory levels of these circuits. The total order value is estimated at USD 7–9 million.

FPGA circuits are a key component in Net Insight's media products, providing the hardware with increased flexibility through possible post-manufacturing reprogramming. The rapid technological advancements, not least the rise of AI, have shortened suppliers' product lifecycles for these circuits. In order to secure Net Insight's delivery of media products during a transition period, the company has decided to temporarily increase the inventory levels of the current generation of FPGA circuits above normal levels.

The purchase of FPGA circuits will be carried out in stages, with a total procurement cost of 7–9 million USD. The company will obtain a discount that will compensate for the increased capital tied up in inventory. The purchases will be financed using cash reserves and are expected to commence during the second half of 2025, with the final delivery estimated by the end of 2025.

By acting proactively, Net Insight minimizes potential delivery risks and can continue to meet the growing demand for its media products.

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

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: twitter.com/NetInsight

torsdag, november 07, 2024

Net Insight Interim Report January – September 2024

Focus on technological leadership drives growth

Our focus on delivering high quality and flexible media transport solutions continues to drive revenue growth. Compared to the corresponding period last year, net sales increased by 8.3 percent following a strong performance in Americas, where we continue to see a positive trend. The underlying operations are returning solid profitability while we are simultaneously investing in our unique solution for GPS-independent time synchronization, where the standardization process of our technology is progressing according to plan.

Crister Fritzson, CEO Net Insight

July – September 2024

Net sales amounted to SEK 155.9 (144.0) million, an increase of 8.3% year-on-year. In comparable currencies net sales increased by 12.1%.
Operating earnings amounted to SEK 24.7 (19.6) million, corresponding to an operating margin of 15.9% (13.6%). Excluding currency exchange rate differences, operating earnings amounted to SEK 22.9 (21.5) million.
Net income for the period amounted to SEK 17.1 (16.2) million, corresponding to a net margin of 10.9% (11.2%).
Earnings per share diluted was SEK 0.05 (0.05).
Total cash flow was SEK 4.9 (-3.6) million. Cash flow excluding share-related transactions was SEK 27.7 (12.7) million.

January – September 2024

Net sales amounted to SEK 474.5 (396.9) million, an increase of 19.5% year-on-year. In comparable currencies net sales increased by 20.7%.
Operating earnings amounted to SEK 73.7 (41.5) million, corresponding to an operating margin of 15.5% (10.4%). Excluding items affecting comparability and currency exchange rate differences, operating earnings amounted to SEK 74.9 (45.8) million.
Net income for the period amounted to SEK 61.7 (37.5) million, corresponding to a net margin of 13.0% (9.4%).
Earnings per share diluted was SEK 0.18 (0.10).
Total cash flow was SEK -26.3 (-45.9) million. Cash flow excluding share-related transactions was SEK 9.8 (-16.7) million.

Q3 in brief

Net sales growth of 8.3% (12.1% in comparable currencies) following strong performance in Americas
15.9% in operating margin and cash flow of SEK 27.7 million excluding share-related transactions
Product launches as key steps to meet the future media landscape
Strong interest in the Zyntai product from leading telecom operators and ITU standardization process progressing as planned

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

A web conference for media and the financial community will take place at 9:30 am CET on November 7, 2024
CEO Crister Fritzson and CFO Cecilia Höjgård Höök will present and comment on the interim report. Please register here: Net Insight Q3 Report 2024 (financialhearings.com)

For further information, please contact:
Crister Fritzson, CEO of Net Insight AB, 08-685 04 00, crister.fritzson@netinsight.net

About Net Insight

For more information, please visit netinsight.net

Follow us: LinkedIn:linkedin.com/company/net-insight X: x.com/NetInsight

tisdag, november 05, 2024

Net Insight appoints acting Chief Commercial Officer

Stockholm, Sweden – Andreas Eriksson will assume the role as acting Chief Commercial Officer (CCO) and member of the Executive Management Team on November 15, 2024.

Andreas Eriksson brings extensive global experience in the broadcast and media industry, having served as CEO and Head of Sales at Telstra Broadcast Services in Australia. He also has many years of experience with Red Bee Media and Ericsson Broadcast and Media Services, where he held various strategic and senior leadership roles both in Sweden and internationally. Andreas replaces Mårten Blixt, who, as previously communicated, is leaving Net Insight for new assignments outside the company. Andreas will hold the position of CCO until a permanent replacement is in place.

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
Follow us: LinkedIn: linkedin.com/company/net-insight/ X: x.com/NetInsight

LG U+ selects Net Insight for new nationwide IP media network

Stockholm, Sweden – LG U+, a leading mobile network operator in South Korea, and a new customer to Net Insight, will leverage Net Insight's Nimbra platform for a nationwide IP media network. The deal that was won and finalized earlier this year, means Net Insight's position within IP in the rapidly growing South Korean media market is strengthened and the network provides LG U+ with a foundation for cutting-edge media transport.

The deal from the new prominent customer LG U+, was won and finalized earlier this year together with Net Insight's Korean partner Sanam Technology and strengthens Net Insight's market position in a fast growing market. Due to contractual reasons, it could only be disclosed after its completion. The order value was not significant but the win highlights Net Insight's leadership in delivering reliable, scalable, and future-proof media transport solutions that cater to the developing needs of the media industry. LG U+ will benefit from a solution that bridges the traditional workflows with the growing shift towards IP-based media workflows, ensuring seamless operations, ease of use, and future adaptability.

The solution, based on Net Insight's Nimbra platform, will enable LG U+ to manage critical media functions with confidence, maintaining high levels of quality, security, and flexibility, thanks to the built-in redundancy offered by standards such as JPEG XS, ST2022-2, ST2022-7 and the advanced IP Media Trust Boundary capabilities. The IP Media Trust Boundary enhances media traffic control with automated routing, real-time stream monitoring, multi-layered network segmentation, and seamless adaptation of data flows, ensuring robust and agile IP network interconnectivity.

"We chose Net Insight as our trusted vendor due to its long-standing reputation for delivering dependable, future-proof solutions that advance with the industry," says Hyo-sik Shin, Team leader at LG U+. "Net Insight's versatile media transport technology makes it easy to bridge the gap between SDI workflows and the new IP media world, ensuring we are prepared for the future of media production and distribution."

"For over 15 years we have relied on Net Insight's solutions as a cornerstone of our offerings. Its technology has consistently proven to be stable and reliable, earning the trust of our clients year after year," says Jeong-seon Oh, CEO at Sanam Technology. "Partnering with Net Insight means we can deliver dependable, high-performance solutions that our customers count on."

"Providing this transformative nationwide media network in partnership with Sanam strengthens our market position in this growing market, fully aligning with our strategy of reinforcing our leadership in IP media technology," says Crister Fritzson, CEO of Net Insight. "We look forward to our future collaboration and the opportunity to grow further and develop the network over time to support LG U+'s evolving business needs."

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

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: x.com/NetInsight

About LG U+

For more information, please visit https://www.lguplus.com/

About Sanam Technology

For more information, please visit https://www.sanamtech.co.kr/

måndag, oktober 28, 2024

Net Insight’s Chief Commercial Officer is leaving the company

Net Insight's Chief Commercial Officer is leaving the company

Stockholm, Sweden – Net Insight's Chief Commercial Officer (CCO) Mårten Blixt has decided to leave his role and the company. The process of recruiting a new CCO will be initiated shortly.

Mårten Blixt, CCO at Net Insight, has chosen to step down from his role to pursue new opportunities outside the company, after more than four successful years leading GTM strategy, global sales and marketing. During his tenure, the company has undergone a significant transformation, strengthened its market position, and demonstrated sustained growth. The recruitment process for a new CCO will be initiated shortly.

"I would like to thank Mårten for his dedication and significant contributions to the company, and I wish him every success in his future endeavors," says Crister Fritzson, CEO of Net Insight.

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

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: twitter.com/NetInsight

torsdag, oktober 24, 2024

Invitation to presentation of Net Insight's interim report for the third quarter 2024

Net Insight AB will publish its interim report for the period January – September 2024 on November 7, 2024, at 7:30 am CET. In connection with the report, a live web conference will be held.

CEO Crister Fritzson and CFO Cecilia Höjgård Höök will present and comment on the interim report. If you wish to participate in the web conference, please register via the link below, where you will also have an opportunity to ask written questions. The conference will be held in English.

Time for publication of the interim report for the third quarter 2024:
Thursday November 7 at 07:30 am CET.

Time for the web conference:
Thursday November 7 at 09:30 am CET.

Link to the web conference:
Please register here: Net Insight Q3 Report 2024 (financialhearings.com)

The presentation will also be available on-demand on netinsight.net.

Welcome!

Crister Fritzson
CEO

For further information, please contact:
Linda Lyth, Investor Relations Manager, +46 (0) 767 68 13 37, ir@netinsight.net

About Net Insight

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: x.com/NetInsight

tisdag, september 10, 2024

Net Insight launches network-edge streaming appliance Nimbra 204

Stockholm, Sweden – The Nimbra 204 offers robust transmission over low-cost, unmanaged networks and becomes a fully integrated component of the Nimbra Edge and Nimbra Connect iT platforms. Enabling broadcasters and media companies to efficiently manage and distribute content over unmanaged networks.

"The Nimbra 204 is designed for deployment anywhere, thanks to its small form-factor chassis, making it an ideal choice for both fixed and remote broadcast environments," says Christer Bohm, VP product management at Net Insight. "Whether deployed in a central studio or at a remote event location, the Nimbra 204 provides a flexible, integrated, end-to-end solution that meets the needs of broadcasters."

The Nimbra 204 is seamlessly integrated into Net Insight's Nimbra Edge and Connect iT network orchestration and device management systems. This integration provides users with an open standards-based, cloud-agnostic solution that is easy to configure and fully media-aware. With edge-to-edge resilience and support for multiple formats, the Nimbra 204 brings a comprehensive media transport solution that is both versatile and reliable.

The Nimbra 204 is suitable for contribution services enabling broadcasters to profitably monetize events that were previously unaffordable by utilizing lower-cost, high-efficiency technology. Another application area is program/network distribution, broadcasters can now distribute program content to affiliates and takers over ubiquitous and affordable unmanaged networks, significantly reducing the cost and complexity of media distribution.

While cost effective, the Nimbra 204 is fully featured, low latency HEVC compression, offering bandwidth efficiency while maintaining video quality with 4:2:2 10-bit resolution. With versatile encode and decode capabilities, the Nimbra 204 is equipped to handle multi-channel processing, supporting up to four HD services simultaneously. It also supports high-resolution video up to 4K UHD, ensuring that broadcasters can deliver cutting-edge visual experiences.
The Nimbra 204 is available for delivery in Q1, 2025.

Learn more about the Nimbra 204 at Net Insight's booth 1.C48 at IBC2024 on September 13–16, 2024.

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

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: x.com/NetInsight

torsdag, september 05, 2024

Net Insight AB’s Nomination Committee for AGM 2025

Net Insight AB's Nomination Committee for AGM 2025

The Nomination Committee ahead of Net Insight AB's Annual General Meeting 2025 has been appointed.

In accordance with the principles for the Nomination Committee adopted at the Annual General Meeting 2023, the Nomination Committee consists of three members appointed by three of the company's largest shareholders, in terms of voting rights based on the ownership structure as of August 30, 2024, together with the Chair of the Board.

The Nomination Committee consists of:

Stina Barchan, appointed by Briban Invest AB
Jeffrey Meyers, appointed by Cobia Capital Management LP
Jesper Bergström, appointed by Handelsbanken Funds
Anna Söderblom, Chair of the Board

Shareholders who wish to submit proposals to the Nomination Committee can do so via e-mail to valberedningen@netinsight.net or by post to Nomination Committee, Net Insight AB, Box 1200, SE-171 23 Solna, Sweden, no later than February 3, 2025.

For further information, please contact:
Anna Söderblom, Chair of the Board, anna.soderblom@netinsight.net
Linda Lyth, Investor Relations Manager, +46 767 68 13 37, ir@netinsight.net

About Net Insight

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: x.com/NetInsight

fredag, augusti 30, 2024

Correction: Change in number of shares and votes in Net Insight

The correction pertains to the number of shares that were canceled in August 2024. The correct number is 10,795,000 B-shares and not 12,775,000 B-shares as stated in an earlier press release. Below is the corrected press release in its entirety.

10,795,000 B shares were cancelled in August 2024 as a result of the completion of a reduction of share capital for allocation to unrestricted equity.

The reduction of share capital was carried out in accordance with the decision made at the Annual General Meeting on May 7, 2024, and with permission from the Swedish Companies Registration Office.

As of the time of this press release, the number of shares in the company amounts to 1,000,000 A shares and 347,243,009 B shares, totaling 348,243,009 shares representing 357,243,009 voting rights in the company. The company's share capital amounts to SEK 13,929,720.36 kr.

For further information, please contact:
Linda Lyth, Investor Relations Manager, +46 8 685 04 00, ir@netinsight.net

About Net Insight

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: twitter.com/NetInsight

Change in number of shares and votes in Net Insight

12,775,000 B shares were cancelled in August 2024 as a result of the completion of a reduction of share capital for allocation to unrestricted equity.

The reduction of share capital was carried out in accordance with the decision made at the Annual General Meeting on May 7, 2024, and with permission from the Swedish Companies Registration Office.

For further information, please contact:
Linda Lyth, Investor Relations Manager, +46 8 685 04 00, ir@netinsight.net

About Net Insight

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight/ Twitter: x.com/NetInsight

torsdag, augusti 29, 2024

Safari Solutions adopts Net Insight’s Nimbra Connect iT for global premier sports content distribution

Safari Solutions adopts Net Insight's Nimbra Connect iT for global premier sports content distribution

Stockholm, Sweden – Net Insight's new Nimbra Connect iT solution has enabled Safari Solutions to support its end customer with the first-ever global distribution of media content, without needing a third party involved. The sports content distribution from point of production to consumer platforms ensure robust, fully redundant internet delivery for tier 1 sports and seamless integration of cloud IP and baseband SDI.

Safari Solutions leverages the power of Nimbra Connect iT to provide a fully managed service that enables the end customer to focus solely on the business of content creation and monetisation. The end customer is able to harness the benefits of a new distribution model with significant cost reduction and increased control of its streams and overall brand.

"Net Insight and its Nimbra Connect iT solution have transformed our content distribution. This flexible platform has opened up the art of the possible enabling us to do things differently," says Carl Van Dusen, COO at Safari Solutions. "Having the ability to distribute one or more streams to multiple endpoints globally in various formats simultaneously, leveraging the cloud, represents a tremendous breakthrough. It opens up a monumental opportunity for a new level of global distribution and rights management."

Nimbra Connect iT brings a unified operational experience allowing remote control of edge encoders, providing important observability of stream health, and supporting dynamic stream routing while streamlining operations with a single interface, bringing a reliable, reactive operational experience. The solution delivers a fully protected virtual network using cost-effective hardware at the edge and cloud service-based core, providing a flexible commercial model for occasional use events. It also features integrated monitoring, significantly reducing the number of systems needed.

"We are thrilled to welcome Safari Solutions as a Nimbra Connect iT customer," says Crister Fritzson, CEO of Net Insight. "This highlights our innovative capabilities in providing robust, reliable, and efficient content distribution solutions ensuring seamless delivery to viewers, allowing Safari Solutions to focus on being a strategic technology partner for their customers."

Visit Net Insight's booth 1.C48 at IBC2024 on September 13–16, 2024, to learn more about Safari Solutions and Nimbra Connect iT.

Investor Highlights

Customer acquisition: Net Insight secures Safari Solutions as a new customer for Nimbra Connect iT, showcasing strong market acceptance and growth potential for this solution.

Innovative offering: Nimbra Connect iT delivers robust, fully redundant internet delivery for tier 1 sports and seamless cloud IP, positioning Net Insight at the forefront of media network solutions.

Operational efficiency: The solution enables remote control of edge encoders and supports routing and monitoring, providing customers with streamlined and reliable operations.

The order was received in Q3, 2024.

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

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: x.com/NetInsight

About Safari Solutions

For more information, please visit safari-solutions.com

onsdag, december 18, 2024

Net Insight appoints Andreas Eriksson as permanent Chief Commercial Officer

tisdag, december 17, 2024

Net Insight appoints Pramod Zachariah to the newly established role Head of Sales Asia, Synchronization

onsdag, december 11, 2024

Net Insight expands in APAC to further grow the time synchronization business

måndag, december 09, 2024

Net Insight secures 5G time synchronization order from leading European telecom operator

tisdag, december 03, 2024

Net Insight wins order for national time distribution network in South Africa

tisdag, november 26, 2024

Net Insight increases inventory levels to secure future component supply

torsdag, november 07, 2024

Net Insight Interim Report January – September 2024

tisdag, november 05, 2024

Net Insight appoints acting Chief Commercial Officer

LG U+ selects Net Insight for new nationwide IP media network

måndag, oktober 28, 2024

Net Insight's Chief Commercial Officer is leaving the company

torsdag, oktober 24, 2024

Invitation to presentation of Net Insight's interim report for the third quarter 2024

tisdag, september 10, 2024

Net Insight launches network-edge streaming appliance Nimbra 204

torsdag, september 05, 2024

Net Insight AB's Nomination Committee for AGM 2025

fredag, augusti 30, 2024

Correction: Change in number of shares and votes in Net Insight

Change in number of shares and votes in Net Insight

torsdag, augusti 29, 2024

Safari Solutions adopts Net Insight's Nimbra Connect iT for global premier sports content distribution

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