Wegener to be Acquired by Novra Technologies

Atlanta, GA, February 5, 2014--Wegener today announced that it will be acquired by Novra Technologies 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  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."

These acquisition is expected to be completed in the first or second quarter of 2014.

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.