Ottawa, ON (PRWEB) November 20, 2014
International Datacasting Corporation (TSX: IDC), a technology provider for the world’s premiere broadcasters, is pleased to announce that the Ministerio De Educacion of Ecuador has selected IDC to supply video encoding and receive equipment for an new distance education network. IDC’s feature rich TITAN™ 3 video encoding solution and HMR satellite video receivers will deliver educational programming to major cities across Ecuador.
“IDC is a trusted name in Latin America for professional video broadcast solutions, and the TITAN 3 encoder is the perfect solution for our network,” said Ing. Pablo Molina of the Ministerio de Educacion of Ecuador. “The improved video quality and very low latency of the TITAN 3 encoder will deliver the best images and user experience for our distance education viewers.”
The TITAN 3 provides the perfect balance of high video quality, ground-breaking latency performance, and best-in-class usability for demanding broadcast applications. IDC designed the TITAN 3 with extremely low latency - or encoding delay - of only 150ms, which enables broadcasters to be first to air with breaking news, and to conduct the most natural live interviews from remote locations. With available 4:2:2 10-bit encoding in High Definition, and support for 150 ms latency to a wide range of decoder platforms, TITAN 3 raises the standard for video contribution.
“The selection of the TITAN 3 encoder for this network is proof of its versatility and suitability to a wide variety of video compression tasks,” said Doug Lowther, President and CEO of IDC. “We are especially pleased that the TITAN 3 encoder continues to win over new customers with its great image quality and ease of use.”
The TITAN 3 encoders and HMR decoders will be delivered in partnership with Advicom Cia. Ltda, IDC’s reseller in Ecuador. “We are very pleased to be supplying this important education network with a state-of-the-art solution from IDC,” said Paul Rojas, General Manager of Advicom.
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