Ballantyne's Subsidiary, Strong Technical Services, Selected for 24 Digital Projector Installations Featuring Real D Cinema Format; New Subsidiary off to Strong Start.OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb. -- Highlighting Demand for Expertise and High Quality Service, Installation and Maintenance in Emerging Digital Cinema Market Ballantyne of Omaha, Inc. (Amex: BTN BTN In currencies, this is the abbreviation for the Bhutan Ngultrum. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), a provider of motion picture projection, specialty lighting and digital cinema equipment and services, announced today that its Strong Technical Services (STS (Synchronous Transport Signal) The electrical equivalent of the SONET optical signal. In SDH, the European counterpart of SONET, STS is known as STM (Synchronous Transport Module). ) subsidiary has been selected to install twenty-four digital projectors with the added capability to deliver Real D, a state of the art digital 3D cinematic format. The installations are planned for completion in time for the July 21st release of Columbia Pictures' animated feature film Monster House
STS's installation will be comprised of twelve NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. STARUS(TM) NC2500S Digital Cinema projectors supplied by Strong Digital Systems. Additionally, STS is completing the installation of twelve digital projectors supplied by another digital cinema provider. Ballantyne is providing five-year financing for the NEC projectors and will execute maintenance contracts for the equipment. John P. Wilmers, President and Chief Executive Officer of Ballantyne of Omaha, commented, "We are very pleased to be associated with Real D in these installations. Real D's 3D technology creates a compelling catalyst in driving new installations in the digital Cinema market. We are also excited to see the digital cinema industry's response to the service offerings and expertise of our recently acquired Strong Technical Services subsidiary. Clearly, under the leadership of John Wolski, STS is hitting the ground running, being quickly recognized as a highly capable organization that can work under the tight deadlines required in these installations. Importantly, these installations demonstrate the breadth of our business opportunities in digital cinema and the variety of revenue streams to be derived from distribution, installation, service and maintenance." Audience members will receive comfortable, lightweight glasses styled like classic sunglasses enabling them to view the film in the REAL D Cinema format. REAL D Cinema glasses for Monster House are provided free with movie ticket purchase. Unlike traditional anaglyph an·a·glyph n. 1. An ornament carved in low relief. 2. A moving or still picture consisting of two slightly different perspectives of the same subject in contrasting colors that are superimposed on each other, producing a 3D, REAL D Cinema uses state-of-the-art digital cinema technology to eliminate eye fatigue and ensure that moviegoers enjoy the most comfortable 3D viewing experience possible. About REAL D REAL D is the worldwide inventor and provider of key stereoscopic stereoscopic /ster·eo·scop·ic/ (ster?e-o-skop´ik) having the effect of a stereoscope; giving objects a solid or three-dimensional appearance. ster·e·o·scop·ic n. 1. technologies used in entertainment, marketing, science and other industries. REAL D's mission-critical 3-D visualization technologies are used by organizations such as NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. , Pfizer, BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. , General Motors, Mercedes-Benz, SEGA (company, games) SEGA - manufacturer of video game hardware and software. Usenet newsgroup: news:rec.games.video.sega. , Boeing and more. For more information, or to locate a REAL D Cinema, visit www.REALD.com. About Ballantyne of Omaha Ballantyne is a provider of motion picture projection, specialty lighting and digital cinema equipment and services. The Company 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. Except for the historical information in this press release, it includes forward-looking statements that involve risks and uncertainties, including but not limited to, quarterly fluctuations in results; customer demand for the Company's products; the development of new technology for alternate means of motion picture presentation; domestic and international economic conditions; the management of growth; and other risks detailed from time to time in the Company's Securities and Exchange Commission filings. Actual results may differ materially from management's expectations. |
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