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OMAHA, Neb.—Feb 19, 2008
Ballantyne's Cinema Screen Subsidiary Enters Long-Term Supply Agreement with IMAX for Large Scale Cinema Screens
Ballantyne of Omaha, Inc. (Amex: BTN), a motion picture projection, digital cinema and specialty lighting equipment and services provider, announced today that its Marcel Desrochers Inc. (MDI) subsidiary, doing business as Strong Screen Systems, has entered into a long-term supply agreement with IMAX Corp.(NASDAQ: IMAX).
Under the agreement Strong Screen Systems/MDI will provide coated cinema screen sheets and structural screen frames (the key components of a cinema screen system) for use with IMAX's proprietary large format digital, analog and 3-D projection systems.
The agreement expands upon the two companies' long-standing collaboration. Financial terms of the agreement were not disclosed.
MDI is a respected Canada-based manufacturer of cinema projection screens that was acquired by Ballantyne in October 2007. MDI is a market-leader in the North American screen manufacturing industry with an excellent reputation for quality, innovative products and service, strong customer relationships and an experienced technical staff.
Brian Bonnick, EVP of Technology, IMAX Corp., stated, "We have enjoyed a long term relationship with MDI/Strong Screen Systems and are pleased that they are now part of the Ballantyne/Strong family. We look to Strong Screen Systems to support our efforts to expand the reach of IMAX's unique and compelling large format installations and are confident that they will continue to deliver the technology and quality required by our systems. It's a win-win partnership on both sides."
John P. Wilmers, President and Chief Executive Officer of Ballantyne, commented, "We are gratified that IMAX continues to recognize the value, service and unique technologies that Strong Screen Systems provides in fulfilling their cinematic needs. IMAX systems deliver a unique, high quality, large format cinematic experience that necessitates state-of-the art screen technology and performance.
"Ballantyne is committed to supporting the exhibition community with the highest quality products to deliver state of the art theater experiences, be it digital, analog, 3-D or large format. We are confident that our screen technology will continue to meet the challenges of delivering a cutting edge entertainment experience, and look to build upon our position as a key partner for IMAX."
About Ballantyne Strong Inc.:
Ballantyne Strong Inc. is a provider of digital cinema projection equipment, screens and services as well as specialty lighting equipment. The Company supplies major and independent theater chains, top arenas, theme parks and architectural sites around the world. Ballantyne Strong is a value added reseller of major brands that include BARCO, NEC, Doremi, GDC, USL, Dolby and QSC. Excellent products coupled with Strong Technical Services providing installation, integration, NOC (Network Operation Center) and field service. Ballantyne Strong Inc.is a true turn-key provider for sales and service to cinema chains of all sizes.
Ballantyne Strong Inc. Directory page
About IMAX Corporation:
IMAX, an innovator in entertainment technology, combines proprietary software, architecture and equipment to create experiences that take you beyond the edge of your seat to a world you've never imagined. Top filmmakers and studios are utilizing IMAX theatres to connect with audiences in extraordinary ways, and, as such, IMAX's network is among the most important and successful theatrical distribution platforms for major event films around the globe.
IMAX is headquartered in New York, Toronto and Los Angeles, with offices in London, Tokyo, Shanghai and Beijing. As of September 30, 2015, there were 1,008 IMAX theatres (887 commercial multiplexes, 19 commercial destinations and 102 institutions) in 66 countries. On Oct. 8, 2015, shares of IMAX China, a subsidiary of IMAX Corp., began trading on the Hong Kong Stock Exchange under the stock code "HK.1970."
IMAX Corporation Directory page
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