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AGOURA HILLS, Calif.—Aug 9, 2006
DTS Accelerates Entry into the D-cinema Market; Company Announces Exclusive Licensing Agreement with Avica Technology Corporation
DTS, Inc. (Nasdaq:DTSI) today announced that it has entered into an exclusive licensing agreement with Avica Technology Corporation, a recognized name in the digital cinema market. The license agreement provides DTS exclusive global rights to exploit Avica's suite of technologies, products and services. This agreement leverages existing DTS technologies, including the recently completed acquisition of the Digital Booking Systems software, and positions DTS to compete more aggressively in the emerging D-cinema market.
Under the terms of the transaction, DTS also has the exclusive option to acquire the assets of Avica.
"This licensing agreement with Avica significantly accelerates our entry into the digital cinema market and we are very optimistic that we will play an important role in the industry's transition toward the complete digital delivery of entertainment content," commented Jon Kirchner, president and CEO of DTS. "The addition of Avica's technology and product suite to our existing cinema and digital images offerings creates a unique and compelling solution for content creators, distributors and exhibitors as the world broadly adopts digital content distribution and exhibition platforms.
"Avica is delighted to be supporting our new partner in digital cinema and we look forward to working closely with the DTS team to develop this emerging market," said Nicholas Clay, chairman and CEO of Avica Technology Corporation.
About DTS, Inc.:
Since 1993, DTS, Inc. (Nasdaq: DTSI) has been dedicated to making the world sound better. Through its pioneering audio solutions for mobile devices, home theater systems, cinema, automotive and beyond, DTS provides incredibly high-quality, immersive and engaging audio experiences to listeners everywhere. DTS technology is integrated in more than two billion devices globally, and the world's leading video and music streaming services are increasingly choosing DTS to deliver premium sound to their listeners’ network-connected devices.
DTS, Inc. Directory page
About Avica Technology Corporation :
Avica is a leading provider of technologies and services for Digital Cinema post-production, distribution and exhibition. Avica's FilmStoreTM family of products handles content delivery and presentation for distribution networks; including encoding and encryption, packaging and distribution, security and all aspects of theatre management and screening. For additional information on Avica and its products visit http://www.avicatech.com.
Avica Technology Corporation Directory page
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Avica Demonstrates the Power of Digital Technology at Cinema Days in Cork
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MPEG Interop Initiative Releases Digital Cinema Specification Document
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Aug 5, 2002
China Opens Nationwide Digital Cinema Network on Avica FilmStore™
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