Evergrandeselects GDC SX-3000 Standalone IMB®and Theatre Management System for the digital rollout of its new cinema chain in China
Hong Kong (August 19, 2014) –GDC Technology Limited (“GDC Technology”), a world-leading digital cinema solutions provider is pleased to announce thatEvergrande Cinema Line Management Co., Ltd (恒大院线管理有限公司) (“Evergrande Cinema Line”) has selected GDC Technology as its technology partner to provide approximately 300 units of SX–3000 Standalone Integrated Media Block (IMB) and 30 sets of Theatre Management System (TMS) at its cineplexes in China. As of August 13, 2014, GDC’s IMB and TMS have already been deployed in 15 Evergrande cineplexes.
Established in 2010, Evergrande Cinema Line is a wholly-owned subsidiary of a Hong Kong-listed company Evergrande Group, which is a conglomerate that focuses on residential property development and is engaged in FMCG, commercial, hotel, sports, and culture industries as a whole. The Group possesses close to 300 large-scale projects across 147 major cities in China. Evergrande Cinema Line is one of the Group’s subsidiaries specialized in theater investment, development, and management and its mission is to build a boutique cinema line with “top cinemas, first-class team, superior service, and premium brand”. Relying on the Group’s commercial and residential developments and urban complex projects, EvergrandeCinema Line targets to be one of the largest cinema lines in China. As of today, Evergrande Cinema Line has up to108 cineplexes under planning and construction in China with more than 1,000 screens, and it is expected to account for over 10% market share in the coming 5 years. The opening of Evergrande cineplexes in Xian, Zhongshan, Yueyang, and Danzhou mark the first substantial move of Evergrande Cinema Line towards formal operations. As a world-leading digital cinema solutions provider, GDC Technology will make its best effort to cooperate in Evergrande Cinema Line’s development plan by providing comprehensive, high–quality installation and integration support.
“Stable and reliable hardware and software are both essential for a top cinema line in China,” said Guangwei Li, General Manager of Evergrande Cinema Line, “After stringent comparison and analysis over a long period of time, we have come to a conclusion that GDC’s IMB and TMS are compliant with all our requirements.”
“We are glad that Evergrande Cinema Line selected GDC in their illustrious cinema multiplex deployment plan,” said Dr. Man–Nang Chong, founder, and CEO of GDC Technology, “We fully support Evergrande CinemaLine with our nationwide responsive services and proven digital cinema products to ensure quality cinema experience at Evergrande Cinema.”
About GDC Technology Limited (www.gdc–tech.com)
GDC Technology Limited (“GDC Technology”) is a digital cinema solutions provider. GDC Technology develops, manufactures, and sells digital cinema servers, content storage systems, theater management systems, and network operations center software for digital cinema. GDC Technology also provides a suite of digital cinema products and services, including integrated projection systems, 3D products, projector lamps, and silver screens. GDC Technology’s subsidiary, GDC Digital Cinema Network Limited, manages VPF for approximately 5,000 theater screens and 250 motion picture distributors worldwide.
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