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CINEMACON, Las Vegas—Apr 25, 2012
GDC Technology Partners with Ballantyne Strong to Supply Digital Cinema Servers to Zyacorp Entertainment
GDC Technology (“GDC Tech”), a world leading digital cinema solution provider, is pleased to announce the sale of 55 GDC digital cinema servers, supplied through Ballantyne Strong (“Strong”), for the digital deployment of CINEMAGIC® Stadium Theaters owned and operated by Zyacorp Entertainment, a Zyacorp Company headquartered in Bedford, New Hampshire.
CINEMAGIC Stadium Theaters (“CINEMAGIC”) is a rapidly expanding Entertainment Destination Company. With the completion of this conversion to 100% digital; the CINEMAGIC brand continues to be the destination of choice for state of the art 3D, 2D motion pictures, video, as well as live and recorded alternative entertainment (sporting events, concerts, etc.).
CINEMAGIC will have 81 screens in 7 locations across Maine, New Hampshire and Massachusetts including its IMAX® Theatres in Hooksett, New Hampshire and Saco, Maine.
With other new projects in the offing, CINEMAGIC has plans to grow its domestic presence exponentially.
Zyacorp Entertainment (“Zyacorp”) has been named in Entrepreneur Magazine’s “Hot 500 Fastest Growing Companies” and has been a two-time finalist in Ernst & Young’s Entrepreneur of the Year Awards Program. Zyacorp is a member of the Cinema Buying Group; the National Association of Theatre Owners (NATO) and the Theatre Owners of New England (TONE).
Cinedigm (NASDAQ: CIDM), the global leader in digital cinema conversion programs, is responsible for structuring and implementing the underlying Virtual Print Fee (“VPF”) agreement enabling CINEMAGIC’s conversion to digital cinema, as well as assuming the entire administrative responsibility of the VPF program.
Mark Adam, President and CEO of Zyacorp said, "Having identified early on, the benefits of digital exhibition; Zyacorp is committed to being on the cutting edge of technology and applying that technology to provide our customers the broadest spectrum of fine family entertainment. Accordingly, we are very pleased to partner with Cinedigm for the 100% digital deployment of our centers with the assistance of Ballantine Strong and the NEC and GDC product lines” President and CEO of Ballantyne Strong, Gary L. Cavey stated, “We are delighted to provide Zyacorp Ballantyne’s turnkey digital cinema solution – from installations of cutting-edge NEC projectors and GDC servers through after-care maintenance and NOC services.”
“It is a privilege to gain the trust of Zyacorp for its digital deployment. It has been very diligent in researching and developing digital cinema technology enabling GDC Tech to provide the best solution that works for CINEMAGIC.” said Dr. Man-Nang Chong, founder and CEO of GDC Tech. “Moreover, we have worked closely with Strong on numerous projects before, and we are happy to work with such a trusted partner on yet another major project.”
GDC Technology Limited Contacts:
GDC Technology Limited
Unit 1-7, 20th Floor,
Kodak House II,
39 Healthy Street East,
North Point, Hong Kong
Tel: +852 2523 6851
Fax:+852 2579 1131
About GDC Technology Limited:
As one of the world's leading global solution providers for digital cinema, media delivery and display markets, GDC Technology (“GDC Tech”) has successfully delivered and installed digital cinema servers, projection and 3D systems worldwide. GDC Tech is currently the largest supplier of digital cinema servers throughout Asia and the second largest provider of digital cinema servers worldwide, serving its customers through offices in the US, Mexico, Spain, Hong Kong, Japan, Singapore, China and India. GDC Tech is a portfolio company of The Carlyle Group.
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