ChyronHego to Acquire Majority Stake in Norway's ZXY Sport Tracking AS
ZXY's Leading Sports Tracking Transponder Technology to Boost
ChyronHego's TRACAB(TM) Real-Time Player Tracking Offering
LAS VEGAS, NV -- (Marketwired) -- 04/07/14 -- Visit ChyronHego at
NAB Show 2014, Booth SL1110 -- ChyronHego (NASDAQ: CHYR) today
announced that the company has signed a contract to acquire the
majority stake in ZXY Sport Tracking AS, a Norwegian-based provider
of industry-leading sports tracking solutions. Upon completion of the
acquisition, ChyronHego will expand its award-winning TRACAB(TM)
player tracking product portfolio with ZXY's cutting-edge transponder
"ZXY Sport Tracking offers powerful sports analysis technology that
will further strengthen our products in this space," said Johan Apel,
president and chief executive officer at ChyronHego. "In addition to
enhancing our TRACAB product portfolio, ZXY's technology will extend
our sports analysis offerings across both the sports broadcast and
professional sports markets."
"This is a perfect fit for ZXY," said Rolf Olstad, chief executive
officer at ZXY. "The ZXY technology and product, as well as
ChyronHego's TRACAB system, have been developed for the real-time
delivery of extensive performance data. The potential in combining
the technologies are immense and we are thrilled to be part of this
transformation moving forward."
ZXY's proprietary technology for transponder-based tracking detects
the exact position of all objects within a stadium or training
facility in true real-time. Players wear a data chip that transmits
positions and other essential data such as heart rates, speeds and
the impact from collisions. The system has been used in soccer,
American football and ice hockey, and is now being adapted for many
other indoor and outdoor sports.
The ZXY sports tracking technology will be on display during NAB Show
at ChyronHego's booth, SL1110. For more information about ZXY Sport
Tracking, please visit www.zxy.no.
About ZXY Sport Tracking AS
By the launch of the third generation of
its fully automatic transponder-based tracking system, ZXY Sport
Tracking AS has demonstrated groundbreaking precision in the
real-time capturing of positional and physiological measures of
players in both the training and game environment. ZXY's proprietary
transponder system is built on industrial grade international
award-winning sensor technologies developed by the in-house R&D team.
ZXY Sport Tracking AS is a privately held company based in Trondheim,
Norway. For more information, visit www.zxy.no.
ChyronHego (NASDAQ: CHYR) is a global leader in
broadcast graphics creation, playout and real-time data visualization
with a wide range of products and services for live television, news
and sports production. Joining forces in 2013 with over 80 years of
combined industry expertise, Chyron and Hego Group offer
award-winning solutions -- such as the TRACAB(TM) player tracking
system and the end-to-end BlueNet(TM) graphics workflow -- under the
collective ChyronHego brand. Headquartered in Melville, N.Y., the
company also has offices in the Czech Republic, Denmark, Finland,
Germany, Mexico, Norway, Singapore, Slovak Republic, Sweden, and the
United Kingdom. For more information on ChyronHego, visit
All trademarks and registered trademarks mentioned herein are the
property of their respective owners.
ChyronHego PR Contact:
Public Relations Manager
Tel: +1 (631) 845-2102
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