MORRISTOWN, N.J.—May 1, 2007
Access Integrated Technologies Reports Major Uptick in Digitial Showings
COMPANY APPROACHES TWO MILLION MARK
Access Integrated Technologies, Inc. ("AccessIT") (NASDAQ:AIXD) reported that it has completed 1.8 million digital showings as of April 30 on the more than 2,500 networked digital cinema systems it has installed in 30 states to date. AccessIT's systems, the industry's only complete networked digital cinema solution, are at the forefront of rejuvenating the movie theater business model by providing the technology and content to enable operators to improve their bottom line.
"These milestones demonstrate that we are solving critical issues for theater operators and that there's no barrier, only advantages, for embracing digital," noted Chuck Goldwater, President of AccessIT's Media Services Group. "We're well on our way to meeting our goal of 4,000 screens by the end of the year."
Christie/AIX is a wholly owned subsidiary formed by AccessIT in a strategic alliance with Christie Digital Systems in June 2005 to serve as both integrator and administrator of a planned initial 4,000-screen digital cinema rollout. Supported by all of Hollywood's major studios and major independent distributors, AccessIT Digital Cinema provides exhibitors with fully-integrated and networked digital cinema systems designed to conform to technical specifications set last year by DCI, a consortium of the major Hollywood studios.
The systems feature CHRISTIE 2K DLP Cinema(R) projectors, JPEG-2000 media players, a central server running AccessIT's unique Theatre Command Center software, two-way satellite connectivity, and some of the more robust security elements of the DCI Technical Specification including Cine-Link2 and video watermarking. When the plan was initiated in June of 2005, only a handful of 2K digital cinema systems were operating worldwide in commercial cinemas.