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Vislink Technologies Begins Shipping Latest Satellite Equipment – Shares Surge 21%

Sam Boughedda trader
Updated 27 Jan 2021

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Vislink Technologies (NASDAQ: VISL)

Vislink Technologies (NASDAQ: VISL) price rallied higher Tuesday premarket after the global technology company announced it has begun shipping its new DVE6100 encoder, a compact multi-channel 4k HEVC exciter that provides reliable, satellite transmission.

The firm's new product allows for a 50 per cent reduction in leased satellite bandwidth compared to its other products, which reduces satellite OPEX. The improved efficiency and lower costs mean more access to consumers' payload data without increasing transmission costs.

The DVE6100 can also encode videos of all resolutions such as SD as well as 4K. Furthermore, the product's multi-channel capability implies that up to four HD video services can be encoded by one unit.

“Video production and delivery of content to viewers has transformed greatly over the past year. The DVE6100 boosts satellite efficiency and provides users a highly channel dense and flexible solution” said Vislink CEO Mickey Miller.

Miller went also stated that Vislink's “satellite communications systems enhance video production, regardless of the environment, to meet the evolving needs of stakeholders and deliver high-quality video data.”

Vislink’s current price is at $3.09 after substantial gains premarket, rising 21.08% just after the open this morning.

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Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.