Nevion Confirms Agreement With Sony

Nevion has agreed with Sony Imaging Products & Solutions Inc. (Sony) to establish a strategic partnership in the area of IP-based solutions for broadcasters and other industries.

To reinforce this partnership, Sony will also become a leading investor in Nevion by acquiring a minority stake in the company through a share purchase agreement.

In recent years, Nevion has established itself as a leading provider of IP media network solutions for the real-time transport, processing, monitoring and management of the video, audio and data signals that are used in production. This partnership with Sony will allow customers to benefit from more advanced, fully integrated and standards-based media production solutions that combine outstanding media network technology with world-leading equipment such as cameras and switchers. These solutions will make it easier for customers to move to IP in their facilities and in remote production, as well as improve their ability to create content – for example through better sharing of resources.

"This is an exciting alliance for Nevion, its customers and its partners," said Geir Bryn-Jensen, Nevion CEO. "It is based on very complementary solutions, products and know-how, and will allow us to offer a lot more to our customers, both existing and potential, than we have been able to until now. It will also give us a much greater scalability and reach.""

"Through this strategic partnership, we will be able to expand our end-to-end IP solution offerings that allow customers to produce live content connecting multiple locations," said Mikio Kita, Senior General Manager, Media Solution Business Division, Professional Products & Solutions Group, Sony Imaging Products & Solutions Inc.

www.nevion.com