GDC Technology partners with Ballantyne Strong to supply digital cinema servers to Zyacorp Entertainment
CINEMACON, Las Vegas(April 25, 2012) –GDC Technology (“GDCTech”), a world-leading digital cinema solution provider, is pleased to announce the sale of 55 GDC digital cinema servers, supplied through Ballantyne Strong (“Strong”), for the digital deployment of CINEMAGIC®StadiumTheaters owned and operated by Zyacorp Entertainment, a Zyacorp Company headquartered in Bedford, New Hampshire.
CINEMAGICStadium Theaters(“CINEMAGIC”) is a rapidly expanding Entertainment Destination Company. With the completion of this conversion to 100% digital; the CINEMAGICbrand continues to be the destination of choice for state-of-the-art 3D, 2D motion pictures, video, as well as life and recorded alternative entertainment (sporting events, concerts, etc.).
CINEMAGIC will have 81 screens in 7 locations across Maine, New Hampshire, and Massachusetts including its IMAX®Theatres in Hooksett, New Hampshire, and Saco, Maine.
With other new projects in the offing, CINEMAGIChas plans to grow its domestic presence exponentially.
Zyacorp Entertainment(“Zyacorp”)has been named in Entrepreneur Magazine’s “Hot 500 Fastest Growing Companies” and has been a two–time finalist in Ernst & Young’s Entrepreneur of the Year Awards Program. Zyacorp is a member of the Cinema Buying Group; the National Association of Theatre Owners (NATO) and the Theatre Owners of New England (TONE).
Cinedigm (NASDAQ: CIDM), the global leader in digital cinema conversion programs, is responsible for structuring and implementing the underlying Virtual Print Fee (“VPF”) agreement enabling CINEMAGIC’s conversion to digital cinema, as well as assuming the entire administrative responsibility of the VPF program.
Mark Adam, President, and CEO of Zyacorp said, “Having identified early on, the benefits of the digital exhibition; Zyacorp is committed to being on the cutting edge of technology and applying that technology to provide our customers the broadest spectrum of fine family entertainment. Accordingly, we are very pleased to partner with Cinedigm for the 100% digital deployment of our centers with the assistance of Ballantine Strong and the NEC and GDC product lines”
President and CEO of Ballantyne Strong, Gary L. Cavey stated, “We are delighted to provideZyacorp Ballantyne’s turnkey digital cinema solution –from installations of cutting–edge NEC projectors and GDC servers through after–care maintenance and NOC services.”
“It is a privilege to gain the trust of Zyacorp for its digital deployment. It has been very diligent in researching and developing digital cinema technology enabling GDC Tech to provide the best solution that works for CINEMAGIC.” said Dr. Man–Nang Chong, founder, and CEO of GDC Tech. “Moreover, we have worked closely with Strong on numerous projects before, and we are happy to work with such a trusted partner on yet another major project.”
About GDC Technology Limited (www.gdc–tech.com)
As one of the world’s leading global solution providers for digital cinema, media delivery, and display markets, GDC Technology (“GDC Tech”) has successfully delivered and installed digital cinema servers, projection, and 3D systems worldwide. GDC Tech is currently the largest supplier of digital cinema servers throughout Asia and the second largest provider of digital cinema servers worldwide, serving its customers through offices in the US, Spain, Hong Kong, Japan, Singapore, and China. GDC Tech is a portfolio company of The Carlyle Group.
About Zyacorp Entertainment (www.CINEMAGICmovies.com)
Zyacorp Entertainment has been named in Entrepreneur Magazine’s “Hot 500 Fastest Growing Companies” and has been a two–time finalist in Ernst & Young’s Entrepreneur of the Year Awards Program. Zyacorp is a member of the Cinema Buying Group; the National Association of Theatre Owners (NATO) and the Theatre Owners of New England (TONE).
About Ballantyne Strong (www.strong–world.com/)
Strong Digital is a division of Ballantyne of Omaha, a provider of motion picture projection, specialty lighting, and digital cinema equipment and services. Ballantyne also supplies specialty projection equipment utilized by major theater chains and location–based entertainment providers and manufactures specialty entertainment lighting products used at top arenas, television and motion picture production studios, theme parks, and architectural sites around the world.
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