HACKETTSTOWN, NJ, April 30, 2020 — Vislink Technologies, Inc. (NASDAQ: VISL) today announced that it has been chosen by Italian Integrator NVP SpA (BIT- AIM: NVP SPA) to provide High Definition ‘Live’ On-Board Video Systems for the prestigious European Ferrari Challenge Race Series.
Vislink is the pioneer and innovation leader of ‘live’ On-Board Video Technology, supplying RF Video systems to many of the most important global motorsport race series as well as leading-edge Wireless Camera Systems for very high-quality uninterrupted Pit Lane and Paddock coverage.
“Despite the current lockdown, a huge amount of work has been going on behind the scenes, with all safety precautions being strictly adhered, in order to be ready to bring audiences around the world, exciting ‘live’ On-Board footage,” said Raj Kotecha, Vice President for Strategic Accounts & Motorsport at Vislink. “We look forward to implementation as soon as the series gets the ‘greenlight’ to go racing again.”
About Vislink Technologies, Inc.
Vislink Technologies is a global leader in the development and distribution of advanced communication solutions. Driven by technical excellence that has led the industry for over 50 years, our innovative products and turnkey solutions provide reliable connectivity in the toughest environments across the global live production, military and government sectors. Our solutions include high-definition communication links that reliably capture, transmit and manage live event footage, as well as secure video systems that support mission-critical applications. Vislink Technologies shares are publicly traded on the Nasdaq Capital Market under the ticker symbol VISL. For more information, visit www.vislink.com.
Note on Forward-looking Statements
This press release may contain projections or other forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These statements involve risks and uncertainties, and actual events or results may differ materially. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are the risk that our reduction in operating expenses may impact our ability to meet our business objectives and achieve our revenue targets and may not result in the expected improvement in our profitability, the fact that our future growth depends in part on further penetrating our addressable market and also growing internationally, and we may not be successful in doing so; our dependence on sales of certain products to generate a significant portion of our revenue; the effect of a decrease in the sales or change in sales mix of these products would harm our business; the risks that an economic downturn or economic uncertainty in our key U.S. and international markets may adversely affect demand for our products; difficulty in accurately predicting our future customer demand; the importance of maintaining the value and reputation of our brand; and other factors detailed in our Annual Report on Form 10-K for the year ended December 31, 2019 and our other subsequent filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof or as of the date otherwise stated herein. The Company disclaims any obligation to update these forward-looking statements