OTTAWA, ONTARIO--(Marketwire - July 4, 2012) -
Attn: Business/High-Tech Editors
International Datacasting Corporation (TSX:IDC), a global leader in digital content distribution for the world's premiere broadcasters, announces three new contracts valued collectively at US$2.2 million in revenue received over the past few weeks, with additional follow on orders expected.
Under these contracts, IDC's Centient™ Media Aware Content Distribution Network (CDN) platform will be deployed to manage secure live and file based content distribution for premiere customers serving the Latin American, North American and European markets.
In digital cinema content distribution, a key customer in Latin America will deploy IDC's Centient Pro Cinema CDN platform to enable the managed distribution of movies and live events via satellite to theatres throughout the region.
In video content distribution, one of the world's leading media entertainment companies has selected IDC's Centient Pro Data platform to provide secure delivery of video-on-demand (VOD) assets from a central location to broadcast distribution points across the United States.
Also in video content delivery, a major European broadcaster will deploy IDC's Centient Pro Data platform to distribute video news content to its affiliate stations across Europe. IDC will provide a robust file delivery system where satellite reception and content management are integrated within a single product.
"IDC looks forward to working with these premiere customers to enable secure live and file based intelligent content distribution within their networks," stated Fred Godard, IDC President and CEO. "These recent contracts are testament to IDC's ability to design and deliver state-of-the-art solutions which allow broadcasters around the world to extend their service offerings and market reach."
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, ad insertion, satellite news gathering, sport contribution, ad insertion, 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 Australia, Singapore and China with an international network of value-added partners and distributors.
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.