GDC Technology Limited (“GDC”) and Dolby Laboratories, Inc.
(“Dolby”) have reached an agreement to resolve the litigation filed by GDC
against Dolby.
As part of the
resolution, GDC will dismiss its lawsuit against Dolby, and GDC and Dolby will
grant each other licenses that will allow their respective theater management
systems to interoperate with the other party’s digital cinema servers. The terms of the settlement agreement are
confidential.
* * * * * About GDC Technology Limited GDC Technology Limited (“GDC”) is a digital
cinema solutions provider. GDC develops, manufactures and sells media servers,
content storage systems, theatre management systems and network operations
center software for digital cinema. GDC is a licensee of the DTS:X object-based
immersive sound technology from DTS, Inc. for the development of its media
servers. In addition, GDC also provides a suite of digital cinema
products and services, including integrated projection systems, 3D products,
projector lamps and silver screens. GDC’s subsidiary, GDC Digital Cinema
Network Limited, manages VPF for approximately 5,000 theater screens and 250
motion picture distributors worldwide. For more information, please visit
www.gdc-tech.com.
GDC Media Contact:GDC
Technology Limited
Tony Adamson +1 (214) 686-0491
tony.adamson@gdc-tech.com About Dolby LaboratoriesDolby
Laboratories creates audio, video, and voice technologies that transform
entertainment and communications in mobile devices, at the cinema, at home, at
work. For more than 50 years, sight and
sound experiences have become more vibrant, clear, and meaningful in
Dolby®. For more information, please
visit
www.dolby.com.
Dolby Investor Contact:Dolby
Laboratories
Elena
Carr, 415-645-5583
investor@dolby.com
Dolby Media Contact:Dolby
Laboratories
Joshua
Gershman, 415-645-5611
news@dolby.com 