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# 1958 Gertag Ediaphor

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New York, NY—Jul 14, 2010

IMAX to Form Strategic Partnership with Laser Light Engines Through Equity Investment

Laser Light Engines to Develop High Brightness Laser Light Technology Systems Exclusively for IMAX Digital Theatre Systems and Provide Additional Outsourced Research & Development for IMAX
IMAX Corporation (NASDAQ:IMAX; TSX:IMX) today announced that it has signed a memorandum of understanding with Laser Light Engines, a leading developer and manufacturer of ultra-high brightness, laser-driven light sources.  Under the terms of the agreement, IMAX plans to make an equity investment in Laser Light Engines, and Laser Light Engines would develop a custom version of its laser light technology for exclusive use in IMAX digital projection systems.  

Laser Light Engines would additionally provide outsourced research and development for new features designed to further enhance and distinguish The IMAX Experience® for IMAX® theatre operators, film studios and moviegoers.

As part of the parties' contemplated partnership, Laser Light Engines would offer its technology exclusively to IMAX for a period of two years and would not offer its technology to any other large format theatre systems for a period of three years.  The memorandum of understanding signed by IMAX and Laser Light Engines gives the parties an exclusive period of time within which to reach final agreement on these and other terms.

"IMAX has always been at the cutting edge in terms of developing the most advanced theatre projection systems in the world as part of our focus on providing the best movie going experience anywhere," said Richard Gelfond, CEO of IMAX. "Subject to finalizing our diligence, we see Laser Light Engines as an ideal partner for IMAX, with a team of experienced executives and engineers who understand not only how to develop laser technology, but how to apply it and implement it to create a meaningful product and profitable business."

Gelfond continued, "As contemplated, this equity investment provides us with exclusive rights to the products and research and development pipeline in a period of significant growth in our industry, while enabling Laser Light Engines to further develop their technology and attract additional investors. We believe our business model is positioning us to generate significant cash over the next several years, and this strategic investment is an example of how we are looking to put our cash to work to enhance our market leading reputation for quality presentation, further expand our competitive differentiation and capitalize on the growth in our industry."

"We are thrilled to be tapped by IMAX Corporation which is strong validation of Laser Light Engines' technology in the most demanding application of digital cinema and large format film presentations," said Doug Darrow, chief executive officer of Laser Light Engines. "Laser Light Engines looks forward to designing and developing systems and products that will best harness our high brightness, solid-state illumination laser engines including but not limited to d-cinema, large venue and others."
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 About Laser Light Engines:
Laser Light Engines, Inc. (LLE) is a leader in laser illumination for performance projection for 3D cinema; premium large venue, themed entertainment. LLE’s laser illumination systems replace traditional, high-pressure gas discharge lamps, delivering dramatically brighter and sharper images, with lower operating costs and energy consumption. LLE’s universal engine can plug and play with new projection systems or retrofit tens of thousands of existing installations, worldwide. Partnerships with key industry players, a portfolio of patented technology and expertise, and a multi-year head start in building laser illumination systems, all combine to make LLE the leader in this multi-billion dollar market. The venture-backed company was founded in 2008 and is headquartered in Salem, New Hampshire, USA. For additional information, please visit: http://www.laserlightengines.com and follow us on Twitter @BillBeckLLE

Laser Light Engines Directory page
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