Avid Technology honored by Academy of Motion Picture Arts and Sciences.TEWKSBURY, Mass.--(BUSINESS WIRE)--Jan. 10, 1995--Avid Technology Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AVID) announced today that it has been awarded a 1994 "Scientific and Engineering Achievement Award" from the Academy of Motion Picture Arts and Sciences for its Film Composer digital nonlinear film editing system. The award, to be presented at a Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. ceremony on March 4, applauds Avid's development and engineering achievements and recognizes the Avid Film Composer's outstanding contributions to the motion picture industry. "This affirmation by the Academy of Motion Picture Television Arts and Sciences confirms the revolutionizing impact Film Composer has had on the art of film editing and the level of respect this system has achieved among the entire film community," said Curt Rawley, Avid's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , "We are truly honored to receive this prestigious award." The award will be formally presented to William Warner William Warner has been the name of more than one notable man:
or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , A.C.E., who provided feedback from an end user's point-of-view on a regular basis. Scientific and Technical Awards are bestowed upon developers who contribute to the art and science of filmmaking through technologies or inventions that have proven value to the motion picture industry. Avid's Film Composer, the first digital nonlinear editing See nonlinear video editing. system to provide digitizing, editing and playback of images at 24 frames-per-second, has revolutionized filmmaking among film directors, producers and editors around the world for feature films such as "The Fugitive" and "True Lies." Avid's latest industry accolade joins the company's Emmy Awards earned previously from the Academy of Television Arts & Sciences (Los Angeles, September 1993) for engineering and development of the Media Composer and from the National Academy of Television Arts & Sciences (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , October 1993) for the development of nonlinear editing systems for digital images and sounds. -0- Avid Technology Inc. headquartered in Tewksbury, Mass., is an international developer of comprehensive solutions for capturing, creating, editing and distributing digital media. Ranked #5 by Inc. magazine and #9 by Fortune magazine on their 1994 lists of America's 100 fastest-growing companies, Avid is pioneering nonlinear film, video and audio editing software and hardware technologies for applications ranging from desktop video to broadcast news. CONTACT: Avid Technology Kara Kara (kär`ə), river, c.140 mi (230 km) long, NE European and NW Siberian Russia. It flows N from the N Urals into the Kara Sea, forming part of the traditional border between European and Asian Russia. It is navigable in its lower course. Misenheimer, 508/640-3103 |
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