Business & Finance
Business and Finance
Business and Finance
Thu, April 28, 2011 D-BOX Technologies Continues Worldwide Expansion with First Agreement in Austria with Cineplexx
LONGUEUIL, QC, April 28 /CNW Telbec/ - D-BOX Technologies Inc. (TSX: DBO), a leader in innovative motion technology, announced today a new agreement with FTT (the company's first European distributor for commercial theatre expansion) to equip a first theatre with Austria's Cineplexx with approximately 50 D-BOX motion seats.
The Cineplexx in Linz, Austria will boast two auditoriums with D-BOX Motion technology. This newest theatre in Europe marks the first sale of D-BOX in Austria for commercial theatre usage. Under D-BOX's international business model, in addition to the revenues generated from the sale of the systems, the agreement will generate licensing fees payable to D-BOX in accordance with the systems' use.
"As a result of our highly advanced international business model and collaboration with FTT, we are continuing to generate considerable interest in our motion technology from theatre companies throughout Europe," said President and Chief Executive Officer of D-BOX Technologies, Claude Mc Master. "We are steadily increasing our presence in this part of the world and look forward to developing additional partnerships similar to our new relationship with Cineplexx."
Most recently, D-BOX announced that theatres in Germany and the Netherlands will soon feature its immersive motion technology adding to a growing list of countries that also include Japan, China (Hong Kong), Canada and the U.S.
For a complete listing of theatres offering the D-BOX experience and a guide to new movies, visit [ www.d-box.com ]
About Cineplexx Kinobetriebe
Cineplexx Kinobetriebe GmbH has been founded in 1993 and is a wholly owned subsidiary of Constantin Film Holding GmbH, located in Vienna/Austria. Cineplexx emerged in a period when many traditional cinemas disappeared in Austria and multiplex cinemas captured the market. Constantin Film realized this trend and built up a group with 21 cinemas and 160 screens. An affiliated company runs nine traditional theaters. Constantin Film Holding GmbH made a revenue of almost 100 Million Euro in 2010 and employs some 900 people. More information [ www.cineplexx.at ]
About Film Ton Technik (FTT)
FILM-TON-TECHNIK Hannsdieter Rüttgers GmbH (FTT) is based in Düsseldorf. As a cinema service provider with 50 years of experience FTT has already implemented a large number of projects for multiplexes and independent cinemas in Germany and abroad and has got subsidiaries in Austria, Belgium, Czech Republic, Hungary, Poland, Romania and the Netherlands. Apart from project planning as well as selling and installing traditional 35mm technology FTT has been active in the field of digital cinema and electronic advertising for more than 7 years and established itself as a system integrator. More information at [ www.ftt-online.de ]
About D-BOX
D-BOX Technologies designs and manufactures leading edge technology motion systems mainly suited to the needs of the entertainment industry. With its unique, patented technology, D-BOX Motion CodeTM, uses motion effects specifically programmed for each film, TV series or video game, which are sent to a motion generating system integrated within either a platform or a seat. The resulting motion is perfectly synchronized with all onscreen action, creating an unmatched realistic, immersive experience. To date, major Hollywood Studios have D-BOX Motion CodeTM available on feature films, DVDs and Blu-raysTM. By reaching agreements with the leaders of both the motion picture and gaming industries, D-BOX's award-winning motion technology is gradually proving itself as a new global standard in the entertainment world. D-BOX is a publicly traded company listed on the TSX exchange under the symbol DBO. For further information please see [ www.d-box.com ]
D-BOX(R) is a registered trademark and D-BOX Motion CodeTM is a trademark of D-BOX Technologies Inc. Other names are for informational purposes only and may be trademarks of their respective owners.
