ChyronHego Closes ZXY Sport Tracking AS and WeatherOne AS Acquisitions

ChyronHego Closes ZXY Sport Tracking AS and WeatherOne AS Acquisitions 
MELVILLE, NY -- (Marketwired) -- 07/15/14 --  ChyronHego (NASDAQ:
CHYR) today announced that the company has finalized the acquisition
of Norweigan-based companies ZXY Sport Tracking AS and WeatherOne AS.
ChyronHego has acquired the majority stake in ZXY Sport Tracking AS,
along with WeatherOne's Metacast(R) weather technology and service
offerings. Acquisition plans were announced earlier this year at NAB
Show 2014.  
"We are very pleased to announce the close of these strategic
acquisitions that bring our customers more options for a complete
state-of-the-art ChyronHego graphics workflow," said Johan Apel,
chief executive officer at ChyronHego. "The acquisitions will
strengthen our position in the sports analysis market across both the
sports broadcast and professional sports markets, as well as open a
new market segment for us in the weather graphics space that bridges
a general gap in news production workflow. We anticipate tremendous
growth and opportunity and are excited to welcome ZXY and WeatherOne
to the ChyronHego team."  
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. This technology expands ChyronHego's
award-winning TRACAB(TM) player tracking product portfolio. The
company is located in Trondheim, Norway.  
WeatherOne's comprehensive Metacast solution serves the broadcast and
digital media sectors and includes a high-performance, live-to-air
weather graphics and broadcast production system, and a complete
weather and climate data managing service. The company is
headquartered in Oslo, Norway.  
For more information on ChyronHego products and services, please
visit www.chyronhego.com. 
About ChyronHego 
 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 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
www.chyronhego.com. 
Special Note Regarding Forward-looking Statements
 This press release
contains "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, including
statements relating to (i) our belief that our business is more
balanced and predictable in terms of geographies and products and
services; (ii) our belief that as a result of the merger we have an
exceptionally strong product offering backed up by extensive product
development and engineering resources and strong global service and
support capability; and, (iii) our belief that we are assuming a
normalized level of operating expenses and anticipate that our future
results should show growth in operating profitability at current
gross profit margin levels. These forward-looking statements are
based on management's current expectations and are subject to certain
risks and uncertainties that could cause actual results to differ
materially from those set forth in or implied by such forward-looking
statements. These risks and uncertainties include, but are not
limited to: current and future economic conditions that may adversely
affect our business and customers; potential fluctuation of our
revenues and profitability from period to period which could result
in our failure to meet expectations; our ability to integrate the
operations of Chyron and Hego successfully and in a timely manner;
our ability to maintain adequate levels of working capital; our
ability to successfully maintain the level of operating costs; our
ability to obtain financing for our future needs should there be a
need; our ability to incentivize and retain our current senior
management team and continue to attract and retain qualified
scientific, technical and business personnel; our ability to expand
our Axis online graphics creation solution or to develop other new
products and services; our ability to generate sales and profits from
our Axis online graphics services, workflow and asset management
solutions; rapid technological changes and new technologies that
could render certain of our products and services to be obsolete;
competitors with significantly greater financial resources;
introduction of new products and services by competitors; challenges
associated with expansion into new markets; failure to stay in
compliance with all applicable NASDAQ requirements that could result
in NASDAQ delisting our common stock; and, other factors discussed
under the heading "Risk Factors" contained in Item 1A in our Annual
Report on Form 10-K for the year ended December 31, 2013 which has
been filed with the Securities and Exchange Commission, as well as
any updates to those risk factors filed from time to time. All
information in this press release is as of the date of the release
and we undertake no duty to update this information unless required
by law.  
All trademarks and registered trademarks mentioned herein are the
property of their respective owners. 
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Copyright 2014 ChyronHego Corporation 
Contact:
ChyronHego Investor Relations
Tel: (631) 845-2000, press 6
Email: Investor.Relations@chyronhego.com 
 
 
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