Wegener Corporation To Be Acquired by Novra Technologies, Inc.

Wegener Corporation To Be Acquired by Novra Technologies, Inc.

PR Newswire

Merger signals industry consolidation for radio, datacasting, and
digital signage solutions

JOHNS CREEK, GA, Feb. 5, 2014 /PRNewswire/ – Wegener Corporation (OTC Pink:
WGNR), a provider of products for television, audio and data
distribution networks worldwide, today announced that it will be
acquired by Novra Technologies, Inc. in an all stock transaction. This
transaction is subject to Novra’s due diligence, the approval of
Wegener Corporation shareholders, and other terms and conditions.
Wegener Corporation previously announced that the Board of Directors
had unanimously approved a Term Sheet for the acquisition. Novra
Technologies, Inc. will also acquire privately held Westport Research
Associates, Inc. of Raytown, MO.

“This acquisition represents an exciting improvement for Wegener
Corporation and its customers. There are product synergies with very
little overlap that strengthen and broaden the offerings of the
combined companies,” stated Troy Woodbury, President and CEO of Wegener
Corporation. “Being part of the combined companies will improve Wegener
Corporation’s financial stability while strengthening the company’s
management in all aspects of its operations including sales and
marketing, engineering, and production.

“Joining this new organization represents the end of a difficult
financial period for Wegener Corporation and will renew the confidence
of our customers, shareholders, employees, and our creditors,”
continued Mr. Woodbury. “We are working on major projects in Latin
America
and we believe real progress will be made in the domestic
digital signage market during fiscal 2014. Strong improvements have
been made in channel partners and digital signage product capability.
We are encouraged by the opportunities in the future.”

“The product portfolio of the combined companies will provide a powerful
suite of capabilities for large-scale networks in radio broadcasting,
business music, broadcast video, digital signage and IP-TV,” stated
Harris Liontas, President and CEO of Novra Technologies, Inc. “Wegener
Corporation and Westport Research Associates, Inc. are not just simple
acquisitions but a merger allowing for the creation of a
solutions-based provider that will offer clients a broader scope of
reliable products and services, strong network control systems,
creative solutions to network communication issues, deeper access to
engineering services and reliable cost effective end-to-end solutions.”

“Representing the first step in Novra Technologies’ strategic vision to
combine companies with strong product line, broad install base and
operational synergies, these acquisitions are expected to be completed
in the first or second quarter of 2014.”

About Novra Technologies, Inc.

Novra Technologies offers premium products and solutions to the
datacasting and digital signage markets. Novra specializes in the
transmission and reception of IP traffic over satellite, cable and
terrestrial communication links. Products offered include broadband
receivers for DVB-S, DVB-S2, DVB-C, and ATSC systems. Novra’s IPE
encapsulator products can be used in both DVB and ATSC MPEG2 systems
for datacasting as well as broadband access applications. The NovraLink
digital signage solution integrates Novra’s technologies into a
comprehensive multimedia management and distribution system.

Based in Winnipeg, Manitoba, Canada, Novra Technologies, Inc. is listed
on the TSX Venture Exchange under the symbol NVI.V. For detailed
trading information select TSX:NVI.V

About Westport Research Associates, Inc.

Westport Research is privately held and provides custom and innovative
solutions to move and manage media assets for background music, digital
signage, weather, broadcast radio, and movie theaters.

ABOUT WEGENER

WEGENER (Wegener Communications, Inc.), a wholly-owned subsidiary of
Wegener Corporation (OTC Pink: WGNR), is an international provider of
digital video and audio solutions for broadcast television, radio,
telco, private and cable networks. With over 30 years experience in
optimizing point-to-multipoint multimedia distribution over satellite,
fiber, and IP networks, WEGENER offers a comprehensive product line
that handles the scheduling, management and delivery of media rich
content to multiple devices, including video screens, computers and
audio devices. WEGENER focuses on long- and short-term strategies for
bandwidth savings, dynamic advertising, live events and affiliate
management.

WEGENER’s product line includes: iPump media servers for file-based and
live broadcasts; COMPEL Network Control and COMPEL Conditional Access
for dynamic command, monitoring and addressing of multi-site video,
audio, and data networks; and the Unity satellite media receivers for
live radio and video broadcasts. Applications served include: digital
signage, linear and file-based TV distribution, linear and file-based
radio distribution, Nielsen rating information, broadcast news
distribution, business music distribution, corporate communications,
video and audio simulcasts.

WEGENER can be reached at (770) 814-4000 or at www.wegener.com.

WEGENER, COMPEL, COMPEL CONTROL, iPUMP, MEDIAPLAN, UNITY, ASSURED FILE
DELIVERY, PROSWITCH, VIDATA, the stylized W-design logo (for WEGENER),
and the stylized C-design logo (for Compel) are all registered
trademarks of WEGENER. All Rights Reserved.

This news release may contain forward-looking statements within the
meaning of applicable securities laws, including the Private Securities
Litigation Reform Act of 1995, and the Company intends that such
forward-looking statements are subject to the safe harbors created
thereby. Forward-looking statements may be identified by words such as
“believes,” “expects,” “projects,” “plans,” “anticipates,” and similar
expressions, and include, for example, statements relating to
expectations regarding future sales, income and cash flows.
Forward-looking statements are based upon the Company’s current
expectations and assumptions, which are subject to a number of risks
and uncertainties including, but not limited to: customer acceptance
and effectiveness of recently introduced products, development of
additional business for the Company’s digital video and audio
transmission product lines, effectiveness of the sales organization,
the successful development and introduction of new products in the
future, delays in the conversion by private and broadcast networks to
next generation digital broadcast equipment, acceptance by various
networks of standards for digital broadcasting, the Company’s liquidity
position and capital resources, general market conditions which may not
improve during fiscal year 2014 and beyond, and success of the
Company’s research and development efforts aimed at developing new
products. Discussion of these and other risks and uncertainties are
provided in detail in the Company’s periodic reports. Since these
statements involve risks and uncertainties and are subject to change at
any time, the Company’s actual results could differ materially from
expected results. Forward-looking statements speak only as of the date
the statement was made. The Company does not undertake any obligation
to update any forward-looking statements.

SOURCE WEGENER CORPORATION

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