Ottawa, ON (PRWEB) September 10, 2014
International Datacasting Corporation (TSX: IDC), a technology provider for the world’s premiere broadcasters, is pleased to announce the “Wings to 4K” initiative with Eutelsat, Red Bull Media House and ATEME to receive live events in UltraHD via satellite on the IDC (1.C29) and Eutelsat (1.D59) stands at the IBC2014 show.
Spectacular live and pre-recorded events will be broadcast from the one-of-a-kind Red Bull Media House Hangar-7 studio in Salzburg, Austria. Live acts will feature Red Bull athletes, performance artists, and musicians framed with the famous collection of Flying Bulls aircraft, Formula 1 race cars and motorsports machinery of all kinds. In order to ensure the most immersive experience, the events will be captured in Ultra HD at 50 frames per second, and IDC has supplied the Pro Cinema 4K Decoder with support for High Efficiency Video Coding (HEVC) at the receive locations.
Andreas Gall, CTO of Red Bull Media House, said, “This partnership allows us to show the capabilities of cutting-edge media technology. We look forward to getting our first hands-on experience with live production and distribution of 4k content, and we are proud to continue our course as an innovative media enterprise.”
As the world’s premier supplier of professional equipment for live events broadcast to the cinema, IDC has developed the Pro Cinema 4K Decoder to support the upcoming transition to 4K and HEVC. The new decoder is now available for sale, and demonstrates IDC’s ongoing commitment to ensure the best possible experiences are available for cinema audiences. The unique events brought to life by Red Bull Media House and delivered by Eutelsat and IDC will truly give Wings to 4K at IBC2014.
The Pro Cinema 4K Decoder supports decoding of 4K UltraHD video streams compressed using HEVC at up to 60 frames per second. The use of HEVC video compression is the only way to enable cost-effective delivery of 4K live events to cinemas. The Pro Cinema 4K Decoder is designed to be easily integrated with IDC’s widely deployed Pro Cinema Cache Servers and SFX Pro Video receivers. This enables customers to easily add 4K HEVC capability to an existing IDC digital cinema installation (currently supporting more than 5,000 cinema deployments worldwide).
“The launch of the Pro Cinema 4K Decoder continues IDC’s commitment to leadership in Digital Cinema, as well as our desire to bring the highest quality and most immersive experiences to theatre audiences everywhere“, said Doug Lowther, IDC President & CEO.
About International Datacasting Corporation
International Datacasting Corporation (TSX: IDC) is a technology provider for the world’s premiere broadcasters in radio, television, data and digital cinema. IDC’s products and solutions are in demand for radio and television networks, targeted ad insertion, digital cinema, 3D live events, satellite news gathering, sports contribution, VOD, and IPTV. IDC is headquartered in Ottawa, Canada, with regional offices in Arnhem, the Netherlands and in San Diego, California. For more information visit: http://www.datacast.com.
This press release contains certain information that may constitute “forward-looking information” and/or “forward-looking statements” within the meaning of applicable Canadian securities laws including, without limitation, management’s beliefs with respect to strategy, efficiencies, results and costs savings in Fiscal 2015, management’s expectations with respect to customer acceptance of, and the receipt of orders for, the company’s products, and management’s expectations with respect to the impact of new personnel and a restructured sales force. All forward-looking information and forward-looking statements are necessarily based on a number of estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies. The material assumptions used to develop the forward looking-statements made in this release include anticipated cost savings resulting from the initiatives taken by IDC under its action plan, anticipated impact of senior personnel, consolidation of operations and restructuring of the sales force, management’s perceptions of current conditions and expected future developments, expectations regarding future shipments of IDC products, management’s knowledge of the current credit, interest rate and liquidity conditions affecting IDC as well as other considerations that are believed to be appropriate in the circumstances.
All statements other than statements which are reporting results as well as statements of historical fact are forward-looking statements that may involve a number of known and unknown risks, uncertainties and other factors; many of which are beyond the ability of IDC to control or predict.
Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “design”, “plan or “project” or the negative of these words or other variations on these words or comparable terminology. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that might cause actual results to differ materially include, but are not limited to: competitive developments; risks associated with IDC’s growth; expectations regarding new product initiatives and timing, including the STAR Pro AudioTM Solution, LASER™ Targeted Ad Insertion Platform, and TITAN 3 Video Encoder; a lengthy and variable sales cycle for IDC's products and services; any difficulties or disputes with IDC’s subcontractors, contract manufacturers and suppliers; IDC’s dependence on the development and growth of the satellite services 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; expectations with respect to the sufficiency of its financial resources and liquidity; regulatory risks and intellectual property infringement. Further, any incorrect identification of, or failure or delay in identifying, areas that require attention in IDC’s business as part of the company’s strategic review, or inability to successfully address areas requiring increased focus in accordance with IDC’s action plan, could materially adversely affect the company’s business, financial conditions, and results of operations as well as other key indicators.
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 http://www.sedar.com, including, without limitation, IDC’s Annual Information Form and MD&A for the year ended January 31, 2014, and our MD&A for the quarter ended July 31, 2014.
Except as expressly required by applicable law, we undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. 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.
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International Datacasting Corporation