Chyron Delivers First Duet HD Graphics Systems to Major Broadcasters and Production Facilities.

MELVILLE, N.Y.--(BUSINESS WIRE)--Dec. 14, 1998---

Duet(tm) HD and Lyric(tm) Software Team to Provide

First Digital High Definition Character Generator Capability

Chyron Corporation (NYSE: CHY) today announced deliveries of the first Duet(tm) HD systems to major broadcast and production facilities.

Duet HD graphics systems featuring Lyric(tm) software for serial digital high definition character generation have been sold and delivered to CBS Network and WCBS, New York, N.Y.; KYW, a CBS Corporation (NYSE: CBS) owned and operated station in Philadelphia, Penn.; CBS Television City and LASERPACIFIC, Hollywood, Calif.; KCBS, Los Angeles, Calif.; CBS affiliate WRAL, Raleigh, N.C.; and American Production Services, Seattle, Wash. Chyron expects to ship a total of 30 Duet units by the end of this month, and anticipates selling several hundred units next year.

"We are excited to be among the first to integrate this new technology into our operations," stated Robert Seidel, Vice President, Engineering and Advanced Technology, CBS Corporation. "While Duet HD will initially be used to create text and insert station IDs, we are eagerly looking forward to taking advantage of Duet's expanding multi-functionality."

Duet HD is a real-time, HDTV video graphics processing platform that integrates open standards, a Windows(R) NT front end, and provides real-time performance for a variety of television graphics applications.

"Duet is the most significant new graphics product to come out of Chyron since the introduction of the iNFiNiT! (R) eight years ago, and represents the next generation of video graphics engines," said Edward Grebow, Chyron's President and Chief Executive Officer. "As broadcasters convert to HD, we expect Duet to become the standard, much as the iNFiNiT! has been. Duet HD is the only serial digital high definition character generator on the market today, although its capabilities extend far beyond basic titling."

"We are delighted with the enthusiastic response to Duet and Duet HD," stated Alec Shapiro, Senior Vice President, Sales and Marketing, Americas. "As demonstrated by our first sales, Duet should become an important building block for new DTV and HDTV facilities, especially where format flexibility is a requirement."

Industry estimates set long-term conversion costs to DTV and HDTV at $2 - $5 million per station and $75 million per network. The television and broadcasting equipment industry worldwide is estimated to be $2 to $3 billion. Chyron is heavily investing in this new technology, and Duet will serve as a foundation for a host of new DTV and HDTV products.

Duet brings a unique approach to the challenge of real-time video performance within an open-system framework. Also available as a standard definition system, this platform is Chyron's DTV solution. At its core is an architecture that supports 56 simultaneous, full bandwidth video streams along with an object-oriented 2D/3D graphics engine that is scalable to support all DTV/HDTV resolutions and scan rates. In no other video platform is the integration of "off-the-shelf" sub-systems with Windows NT and specialized processing hardware so powerful.

Duet also features the Chyron Abstraction Layer (CAL), a network interface API that provides hardware independence and a high-level programming environment for development of third party applications to interact with Chyron hardware platforms. Using CAL, a third party developer can create custom applications to fit the needs of a facility or program. Chyron is already working with several third party companies to develop 3D graphics software, a built-in video mixer and master control capability.

Customers and developers interested in learning more about Duet, CAL and Lyric may call Matt Allard at [phone] for U.S. sales, or Mark West at (011) 44 118 986 6123, Ext. 507 for international sales.

Serving the television industry for three decades, Chyron Corporation has established itself as a leading innovator in the development of television graphics and distribution systems, including products to meet the demands of digital and high definition television. Chyron provides a broad range of leading-edge hardware and software products, including paint and animation systems, character generators, signal distribution systems, master control switchers, and broadcast automation and media management packages. For more information about Chyron products and services, please visit the company website at www.chyron.com.

All trademarks are held by their respective companies.

The statements in this release may contain forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters. The Private Securities Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company's actual results to differ materially from the anticipated results or other expectations expressed in the Company's forward-looking statements. These risks and uncertainties are detailed in the Company's Annual Report on Form 10K for the year ended Dec. 31, 1997, which are incorporated herewith by reference.