Longueuil, Québec—Nov 15, 2012
D-BOX Technologies Announces First Agreement with Cinemark
A Top 3 U.S. and Major Latin America Exhibitor
D-BOX Technologies Inc. (TSX:DBO), a leader in innovative motion technology, announced today its first agreement with Cinemark Peru, an international subsidiary of Cinemark Holdings, Inc. (NYSE:CNK), a leading domestic and international motion picture exhibitor.
Cinemark Jockey Plaza in Lima, Peru is the first theatre in Latin America to introduce D-BOX MFX Systems and will feature two D-BOX equipped auditoriums for a total of 45 systems. This agreement marks the first sale of D-BOX MFX Systems in Latin America and will also generate licensing fees payable to D-BOX in accordance with the systems’ use.
“Cinemark International is a top exhibitor in Latin America and it positions D-BOX for future growth and strengthens our international presence. In recent months, we’ve added theatres in the U.K., France, Taiwan, Russia, Slovak Republic, and now Peru, our first in Latin America,” said President and CEO of D-BOX Technologies, Claude Mc Master.
“Cinemark is excited to be the first theatre circuit to introduce D-BOX in Latin America. We plan to expand D-BOX to other locations based on the performance” said President of Cinemark International, Valmir Fernandes.