More scumbag lies from Isaac's POS stable: "Constellation 3D and Avica Technology Announce Partnership in
2001-04-04 13:12 (New York)
Digital Cinema
Business Editors
NEW YORK--(BUSINESS WIRE)--April 4, 2001--Constellation 3D, Inc.
(Nasdaq/NMS: CDDD) announced today that it has reached a partnership
agreement with Avica Technology to incorporate C3D's Fluorescent
Multilayer Disc (FMD) technologies in Avica's FilmStore(TM) Digital
Cinema playback platform. Under the terms of the agreement, the two
firms intend to jointly develop digital cinema products utilizing FMD
technology.
"Avica is committed to deploying flexible and future-proof systems
that will operate seamlessly with the eventual industry standards
developed for compression, encryption, distribution and display of
Digital Cinema content," said Avica CEO Andrew Maltz. "FMD technology
offers compelling benefits in operational efficiency and security, and
we are eager to provide our customers and partners with solutions that
incorporate its features. Our involvement in this partnership will
help ensure that cinema products based on FMD address the unique needs
and concerns of the motion picture industry, while providing the
greatest customer value."
The FMD Digital Cinema disc has the potential to provide a secure,
removable, single disc distribution method. It enables both the secure
delivery of an inexpensive physical disc containing an entire digital
movie to theaters, and also provides the means for the secure return
of the material following its run. A single FMD disc can hold up to
100GB of data.
"Digital Cinema is a natural entry point for FMD technology and
we're very excited to be working with an innovative leader in that
market," said Tom Lipiec, VP Business Development, Video & Audio
Entertainment. "FMD has great potential to become established as the
preferred format for physical distribution of Digital Cinema content."
According to industry experts, Digital Cinema distribution is
anticipated to provide significant cost benefits in comparison with
the film distribution methods used today. Currently, expensive reels
of film are shipped to individual theaters at a cost to producers of
hundreds of millions of dollars annually. Additionally, Digital Cinema
allows for "first run" picture quality throughout the life of a movie,
eliminating the degradation problems currently associated with film.
"As a physical media, FMD is expected to be complimentary to all
alternate distribution methods, such as satellite and Internet
delivery, because there will always be a need for hard copy back-up
systems. Furthermore, future generations of FMD products should have
the ability to be the primary media for in-theater display, bypassing
the need for comparatively expensive hard drive units," added Lipiec.
"The forthcoming entry of FMD into the Digital Cinema market is
expected to mark the beginning of FMD's entry into a multitude of
professional and consumer data storage markets."
About Avica Technology
Avica Technology Corporation is a leader in digital media
acquisition, storage and playback for mastering and post-production
applications. The Company has recently expanded to offer new products
based upon its digital media platform for the evolving digital cinema
market. More information is available at www.avicatech.com.
About Constellation 3D
The Company is commercializing Fluorescent Multilayer Disc and
Card (FMD/C) technology. C3D has demonstrated a removable disc
technology capable of storing 100 gigabytes (GB) and a credit
card-sized memory product that could hold up to 10 GB. Constellation
3D holds or has made applications for over 80 worldwide patents in the
field of optical data storage, and is supported by 65 scientists. The
Company has offices in New York and Massachusetts, and laboratories in
Israel and Russia. More information about the Company is available at
www.c-3d.net.
Safe Harbor Statement
Statements contained in this news release that are not historical
facts are forward-looking statements as that term is defined in the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements such as "FMD technology offers compelling benefits in
operational efficiency and security", "FMD Digital Cinema disc has the
potential to provide a secure, removable, single disc distribution
method", "FMD is expected to be complimentary to all alternate
distribution methods such as satellite and Internet delivery", and
"The forthcoming entry of FMD into the Digital Cinema market is
expected to mark the beginning of FMD's entry into a multitude of
professional and consumer data storage markets" are subject to risks
and uncertainties including competition, ongoing discussions with
product and equipment manufactures, technological advances, and
additional "Risk Factors", as stated in recent SEC filings, which may
cause actual results to differ materially from expected results.
--30--ah/ny*
CONTACT: Constellation 3D
Company Contacts:
John Ellis, VP Marketing, 781/933-9435
marketing@c-3d.net
or
FOCUS Partners LLC
Investor Relations:
Bradley Meyer or Harvey Goralnick, 212/752-9445
investors@c-3d.net |
