LONGUEUIL, QUÉBEC--(Marketwire - Oct. 10, 2012) - D-BOX Technologies Inc. (TSX:DBO), a leader in innovative motion technology, announced today new agreements with North American theatre partners, bringing the company's total number of D-BOX screens to 200 worldwide. These new agreements, which increasingly include a portion of upfront payments, are all with existing D-BOX customers and clearly demonstrate the ongoing success of the D-BOX business model.
New theatres already scheduled to open before the end of 2012 include:
- Cinema RGFM in Joliette, Quebec (a 2nd location and a 1st with two screens)
- Cinema West Civic Plaza 12 in Hesperia, Calif. (a 6th location)
- Galaxy Theatre at the Trails in Austin, Texas (a 9th location)
- O'Neil Cinemas at Brickyard Square in Epping, N.H. (a 3rd location)
- Santikos Palladium in Houston, Texas (a 5th location and a 1st with two screens)
- UltraStar Cinemas AK-Chin in Maricopa, Ariz. (an 8th location)
The following table shows the total number of D-BOX screens worldwide, broken down between backlog* screens and installed screens:
|As of Oct.10, 2012
|* From a practical standpoint, the Corporation defines systems backlog as follows: an order for D-BOX MFX systems received as part of a contractual agreement and for which the installation is scheduled within a twelve-month period.
Given these new orders, as of today there are 29 exhibitors with more than one installed complex integrating the D-BOX technology and there are 14 exhibitors with more than one D-BOX screen within a same complex. These trends reflect not only the overall success of the D-BOX business model but also the growing desire amongst existing exhibitors to present, simultaneously, more than one D-BOX movie in their theatres. Considering its installed base in the commercial theatre market, D-BOX also continues gaining traction in its OEM business segment through a continuous increase of its brand awareness.
"The increase of our worldwide footprint remains steadfast with a healthy combination of new exhibitors and repeat business from existing customers. These trends should definitely be viewed as a true testament to the quality of the D-BOX experience and its success at the box office," said President and CEO of D-BOX Technologies, Claude Mc Master.
D-BOX Technologies Inc. designs, manufactures and markets cutting-edge motion systems intended mainly for the entertainment and industrial simulation industries. This unique and patented technology, the D-BOX Motion Code, uses motion effects specifically programmed for each visual content which are sent to a motion system integrated into either a platform or a seat. The resulting motion is perfectly synchronized with the on-screen action, thus creating an unmatched realistic immersive experience. As of today, many Hollywood studios offer D-BOX Motion Code on their motion pictures in commercial theatres, on DVDs and Blu-rays. By reaching agreements with various industry leaders, D-BOX's award-winning motion technology is gradually proving itself as a new global standard. D-BOX is a public company whose shares are traded on the Toronto Stock Exchange under the symbol DBO. For more information, visit www.d-box.com
D-BOX® and D-BOX Motion Code® are registered trademarks of D-BOX Technologies Inc. Other names are for informational purposes only and may be trademarks of their respective owners.