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Net Insight and Mobilelinks elevate Swedish ice hockey playoffs with UHD IP Remote production

Stockholm, Sweden – Net Insight partners with Mobilelinks, a premier service provider of broadcast and media transport services, to deliver an unparalleled broadcasting experience for the Swedish Ice Hockey League (SHL), Sweden's top-tier ice hockey league.

While TV4 plays its pivotal role as the broadcaster of the premium rights of ice hockey (SHL), Mobilelinks is entrusted with the crucial responsibility of managing all transport services powered by Net Insight technology.

One of the significant milestones of this partnership is the expansion of the existing Nimbra infrastructure. The Nimbra platform can switch 1.2 Tb, and efficiently directs feeds from all venues to NEP's datacenter acting as the central facility house. Production is handled from three remote production centers that are geographically spread over the country. This robust setup connects 14 SHL arenas across Sweden, each fortified with dual 10Gb redundancy. Such a configuration is designed to handle peak times, like in the case of up to seven matches being played concurrently.

The remote production strategy and centralized hardware setup have helped NEP to optimize broadcast equipment efficiency by consolidating resources at a single location, leading to increased utilization.

Annually, Swedish ice hockey fans can look forward to approximately 500 matches from the top league. Each game promises to leverage the capabilities of this revamped infrastructure, offering viewers a consistent and high-quality experience. A noteworthy achievement, the Swedish Ice Hockey League is the first sports league to champion UHD IP remote production. Incorporating 12 cameras that are prepped and primed for ST 2110 and JPEG XS ensures ultra-high-definition video and a seamless broadcast. The integration of such advanced technologies guarantees a future-ready broadcasting setup.

With the remote production powered by JPEG XS in UHD and the strategic shift from SDI to ST 2110, the commitment of SHL and its partners remains clear: Deliver an unmatched viewing experience to fans. Central to this mission is the Nimbra 1060, ensuring reliability, unsurpassed video quality, and broadcast without hiccups.

"At Mobilelinks, the recent upgrade across all top league venues empowers us to seamlessly execute remote productions for SHL. Embracing JPEG XS has poised us for UHD productions and advanced ST 2110 workflows. Production galleries have particularly praised the minimal latency, finding it exceptionally beneficial to producing high-paced ice hockey matches," says Andreas Langell, CEO of Mobilelinks. "As always, the Nimbra platform stands as a beacon of reliability and trust, living up to the standards we've come to expect."

"We're on the edge of a new era in sports broadcasting," says Crister Fritzson, CEO of Net Insight. "Our synergy with Mobilelinks and the ability of the Nimbra platform will undoubtedly reshape how ice hockey enthusiasts engage with their favorite sport in Sweden."

The orders were received and delivered during 2023.

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

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

About Mobilelinks

For more information, please visit mobilelinks.se/

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Net Insight has completed a buyback program of SEK 50 million

Net Insight AB has repurchased a total of 10,693,000 of its own Series B shares for a total amount of SEK 50 million during the period June 7, 2023 to February 28, 2024 under the buyback program decided by the Board in accordance with the mandate given by the Annual General Meeting on May 12, 2023. The buyback program is thereby concluded.

The buyback program was announced on June 2, 2023, and included repurchases of up to SEK 50 million. The purpose of the repurchases is to provide flexibility regarding the company's capital structure and to enable the company to distribute capital to its shareholders.

Nordea Bank Abp has been engaged to execute the buyback program. Nordea Bank has decided on the repurchases and their timing based on irrevocable instructions and with complete independence.

At the time of this press release, the number of outstanding shares in the company amounted to 1,000,000 A-shares and 358,038,009 B-shares, totaling 359,038,009 shares. Net Insight AB's holding of own shares amounts to 10,795,000 B-shares as of February 28, 2024.

For further information, please contact:
Joakim Schedvins, CFO, +46 8 685 04 00, joakim.schedvins@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

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

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Net Insight Year-end Report January – December 2023

Record quarter concludes 2023

The fourth quarter was the strongest in the company's history. Revenue in the fourth quarter amounted to SEK 162.5 million, which is an increase of 30.0% compared to the same period the previous year (currency-adjusted 27.2%). Revenue for the full year 2023 amounted to SEK 559.4 million, an increase of 17.7% year-on-year, surpassing our long-term goal of average growth above 15%.

The long-term trend of improved growth and profitability is a result of many strategic initiatives, where two important components are a stronger product portfolio and expanded expertise, focusing on the growth areas of IP and cloud. Key advancements within time synchronization included product launch, a new framework agreement with Teracom, and the initiation of standardization for our synchronization technology. We are proud to announce the commercial launch of our new time synchronization solution, Zyntai. The orderbook increased from SEK 180 million to SEK 195 million in the quarter.

Crister Fritzson, CEO Net Insight

October – December 2023

• Net sales amounted to SEK 162.5 (125.0) million, an increase of 30.0% year-on-year. In comparable currencies net sales increased by 27.2%.
• Operating earnings amounted to SEK 29.4 (13.2) million, corresponding to an operating margin of 18.1% (10.6%). Excluding foreign exchange rate differences of SEK -0.1 (-2.7) million, operating earnings were SEK 29.5 (15.9) million.
• Net income for the period was SEK 22.6 (9.9) million.
• Earnings per share diluted was SEK 0.06 (0.03).
• Total cash was SEK 4.2 (14.0) million. Excluding the cash impact from share-related transactions, the cash flow was SEK 17.5 (37.5) million.

January – December 2023

• Net sales amounted to SEK 559.4 (475.1) million, an increase of 17.7% year-on-year. In comparable currencies net sales increased by 12.4%.
• Operating earnings amounted to SEK 70.9 (60.5) million, corresponding to an operating margin of 12.7% (12.7%). Excluding foreign exchange rate differences of SEK -5.0 (-1.9) million, operating earnings were SEK 75.9 (62.4) million.
• Net income for the period was SEK 60.1 (54.0) million.
• Earnings per share diluted was SEK 0.17 (0.15).
• Total cash was SEK -41.7 (-47.0) million. Excluding the cash impact from share-related transactions, the cash flow was SEK 0.9 (51.3) million.

Q4 in brief

• Strongest quarter in the company's history concludes a record year
• Product launches throughout the year resulting in strong growth
• Framework agreement signed with Teracom for time synchronization of critical mobile networks
• Expanded collaboration with a major American operator in time synchronization

For the complete Year-end report, please refer to the attached PDF.

A webcast for media and the financial community will take place at 9:30 am CET on February 16, 2024
CEO Crister Fritzson and CFO Joakim Schedvins will present and comment on the Year-end report: https://ir.financialhearings.com/net-insight-q4-report-2023/register

For further information, please contact:
Crister Fritzson, CEO of Net Insight AB, +46733357001, 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

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

This information is information that Net Insight is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-02-16 07:30 CET.

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Net Insight appoints Interim CFO

Stockholm, Sweden – Annika Muskantor will assume the role as interim Chief Financial Officer (CFO) and member of the management team on March 13, 2024.

Annika has extensive experience as a CFO in various industries, both in listed and privately owned companies, and most recently comes from Ganni AS and Oncopeptides AB.

Annika replaces Joakim Schedvins, who, as previously communicated, is leaving Net Insight during the first quarter of 2024 for a role outside the company. Annika will hold the position of CFO 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

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

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

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Invitation to presentation of Net Insight's Year-end report 2023

Net Insight AB will publish its Year-end report January – December 2023, on February 16, 2024 at 7:30 am CET. Following this report, a webcast for the media and the financial community will take place.

CEO Crister Fritzson and CFO Joakim Schedvins will present and comment on the report. If you wish to participate via the webcast please use the link below. Via the webcast you are able to ask written questions. The presentation will be in English.

Time for the publication of the Interim report
Friday February 16 at 07:30 am CET.

Time for webcast
Friday February 16 at 09:30 am CET.

Web presentation
https://ir.financialhearings.com/net-insight-q4-report-2023/register

The presentation and the Year-end report will be available on netinsight.net after publication.

Welcome!
Crister Fritzson
CEO

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

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

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Net Insight secures order of GPS/GNSS-independent time synchronization from Three Denmark for accelerated 5G expansion

Stockholm, Sweden – Net Insight has won a first order from Three Denmark (Three) for its
GPS/GNSS-free time synchronization solution. This order is set to power Three Denmark's ambitious 5G rollout.

Building on the successful deployment in Sweden, Three Denmark has chosen Net Insight to bolster its 5G network's synchronization capabilities. The first order will be delivered in Q1, 2024.

The deployment of Net Insight's cutting-edge Zyntai nodes marks the introduction of this advanced synchronization product into Three Denmark's network. The companies are working closely to plan for the deployment, reducing cost of synchronization and ensuring independence from GPS/GNSS for synchronization. This order signifies a significant step forward in Three Denmark's 5G journey, enabling the seamless expansion of their network.

"We are convinced that Net Insight's synchronization solution meets our stringent requirements for a GPS-independent network," says Kim Christensen, CTO at Three Denmark. "It has proven to be the most adaptable, dependable, and cost-effective solution, aligning perfectly with Three's high standards for 5G."

"We are delighted that another strong and progressive operator such as Three Denmark has chosen our solution. The high number of GNSS jamming incidents in the last months has increased the interest in our GPS/GNSS independent synchronization solution," says Crister Fritzson, CEO of Net Insight. "Beyond its GPS independence, our Zyntai solution reduces overall costs and accelerates 5G rollouts. The increased security and availability of the solution is key in meeting the requirements of new advanced 5G services, aligning seamlessly with the vision of a forward-thinking mobile operator like Three."

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: twitter.com/NetInsight

About Three Denmark
For more information, please visit www.3.dk

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Mediatech selects Net Insight's cloud solution to transform content acquisition and delivery

Stockholm, Sweden – Mediatech, a pioneering system integrator in Hong Kong and surrounding regions, has launched its new cutting-edge service, made possible through the collaboration with Net Insight. This innovative venture brings forth a new era of content acquisition and delivery for broadcasters and enterprise customers, ensuring secure and efficient transport of feeds from any location to studios and other destinations.

Mediatech has a rich history of delivering versatile and advanced solutions, establishing itself as a leading system integrator. This latest service launch underscores their dedication to embracing cutting-edge technologies while ensuring unparalleled customer satisfaction.

Net Insight's cloud solution, Nimbra Edge, empowers Mediatech to meet the growing demands of broadcasters and enterprise customers for secure, efficient, and flexible content acquisition and delivery.

"We are excited to introduce this transformative service in Hong Kong. With Net Insight's solution, we are better equipped than ever to address the complex challenges faced by our customers in the media and entertainment industry," says Raymond Mo, founder and CEO of Mediatech. "This marks a significant milestone for Mediatech and reinforces our commitment to delivering innovative solutions."

"We are thrilled to collaborate with Mediatech and our partnership signifies our commitment to providing innovative and reliable solutions to meet the ever-evolving needs of the media and entertainment industry," says Crister Fritzson, CEO of Net Insight. "With our solution, we are confident that Mediatech will continue to set new standards in content acquisition and delivery."

Investor highlights

Strategic partnership: The partnership between Mediatech and Net Insight represents a strategic move to capitalize on the growing demand for advanced media delivery solutions promising growth potential for both companies.

Proven market adoption: Nimbra Edge enjoys extensive adoption by prominent global clients, reaffirming its status as a trusted and widely utilized cloud media delivery solution. This strong market presence positions Net Insight as a reliable player in the industry and offers attractive investment potential.

Strategic market entry: Net Insight is committed to providing innovative solutions globally, positioning the company for increased market share in the region.

The order from Mediatech was received in Q4, 2023.

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

Follow us:

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

About Mediatech

For more information, please visit mediatech.com.hk

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