Ottawa, Ontario (PRWEB) November 12, 2014
International Datacasting is pleased to announce that Australian broadcaster SUPER RADIO NETWORK (SRN) has selected the STAR™ Pro Audio Solution to upgrade and expand their satellite radio distribution network. SRN has awarded a contract to IDC’s partner Omnicast Pty Limited to install and commission the system, which will be fully operational by January 1, 2015.
SRN is a major commercial radio broadcaster in Australia, and operates 36 AM & FM Radio Stations, 45 translators as well as five Sydney DAB+ Radio Stations. SRN delivers a majority of its radio programming, including “The John Laws Radio Morning Show”, from multiple studios to regional stations by satellite and has operated an IDC radio distribution system since 1995.
SRN will upgrade to IDC’s STAR Pro Audio Solution, which has the capacity and flexibility add additional programs to SRN’s existing network and make these programs available to regional stations. The upgrade includes IDC’s new STAR-4 receivers, which provide four separate high quality stereo channels. The IDC Net Manager and Event Manager will allow easy management of the deployed network.
The new network will utilize DVB-S2 modulation, which delivers significant cost savings due to efficient use of satellite bandwidth. OPTUS has been of great assistance to locate the new SRN carrier on the same transponder and satellite, enabling existing satellite dishes at the regional stations to be used without adjustment or repointing.
“The selection of the STAR Pro Audio Solution by this longtime customer is evidence of our ongoing commitment to providing leading-edge technology for radio broadcasters,” said Doug Lowther, President and CEO of IDC. “The combination of excellent audio quality and cost-savings offered by the new solution will be a great benefit to SRN.”
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.
About Omnicast Pty Limited:
OMNICAST is an Australian systems integrator and representative company specialising in Radio, Television, Cinema and Satellite systems including:
- Systems Design
- Project Management
- Maintenance Services
- Supply of equipment and components
- Documentation and Training
OMNICAST's industry expertise has been gained through both of its founders Mario Fairlie and Ian Mackenzie (each having more than 45 years of Broadcasting experience). Through the years they have provided many solutions for the professional broadcasting and telecommunications industries. For more information visit: http://www.omnicast.com.au
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.
For more information, contact:
International Datacasting Corporation