OTTAWA, ONTARIO--(Marketwire - Jan. 17, 2013) - International Datacasting Corporation (TSX:IDC), a global leader in digital content distribution for the world's premiere broadcasters, today announces a contract with a leading European digital cinema distributor, valued in excess of USD $650,000 for the expansion of their network.
The contract includes IDC's SuperFlex Pro Video receivers and Datacast XD head end solutions, which will enable the satellite distribution of digital movie content and alternative live event content to cinemas across Europe in both 2D and 3D formats. It is estimated that over 50% of European cinema screens are now capable of digital projection. Forecasts indicate that by 2015, the market will be nearly 100% digital.
IDC's technology not only enhances the reliability of movie content distribution via satellite, but also improves the distribution of live alternative content, including 3D live events, to cinemas. This allows an enhanced audience experience, increasing consumer demand for watching cultural and sporting events in cinemas. Theatre owners are able to maximize revenue streams, while minimizing content distribution costs. Cinemas can now enhance their alternative content choice, thereby expanding their audience reach.
"We are proud to work with this premiere European team in the expansion of their digital cinema network," stated Del Lippert, IDC's Interim CEO and Chairman. "IDC's SuperFlex Pro Video solutions offer the most reliable and advanced distribution of large Digital Cinema Packet files in both 2D and 3D, providing optimal efficiencies and revenue generating opportunities for European digital cinema operators."
About International Datacasting Corporation:
International Datacasting Corporation (TSX:IDC) is a global leader in digital content distribution for the world's premiere broadcasters in radio, television, data and digital cinema. IDC offers a broad portfolio of advanced solutions including Pro Audio, Pro Video, Pro Cinema, and Pro Data for implementing broadcast content contribution and distribution applications. IDC's products and solutions are in demand for radio and television networks, digital cinema, 3D live events, targeted ad insertion, satellite news gathering, sports contribution, VOD, and IPTV among others. IDC is headquartered in Ottawa, Canada, with regional offices in Arnhem, the Netherlands and in San Diego, California. IDC has installations in over 100 countries and service offices in Thailand and Singapore, with an international network of value-added partners and resellers. For more information visit: www.datacast.com.
This press release contains forward-looking statements reflecting IDC's objectives, estimates and expectations that may involve risks and uncertainties, including statements about expected revenue impacts. IDC's actual results, performance, achievements and developments may differ materially from the results, performance, achievements or developments expressed or implied by such statements. Factors that might cause actual results to differ materially include, but are not limited to, competitive developments; risks associated with IDC's growth; any difficulties with integrating acquired product lines into IDC's business and/or manufacturing procedures; any difficulties or disputes with IDC's subcontractors, contract manufacturers and suppliers; IDC's dependence on the development and growth of the satellite datacasting market; a lengthy and variable sales cycle for IDC's products and services; IDC's reliance on a small number of customers for a large percentage of its revenue; regulatory risks and intellectual property infringement. IDC assumes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof, except as expressly required by applicable law. Forward-looking statements are provided to assist external stakeholders in understanding IDC's expectations as at the date of this release and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on such statements. More detailed information about potential factors that could affect IDC's financial and business results is included in the public documents IDC files from time to time with Canadian securities regulatory authorities and which are available on SEDAR at www.sedar.com, including, without limitation, IDC's Annual Information Form dated April 30, 2012.