Constellation 3D and Avica Technology Announce Partnership in Digital Cinema.Business Editors NEW YORK--(BUSINESS WIRE)--April 4, 2001 Constellation 3D Constellation 3D (C3D or CDDD)[1] was a company developing a new optical medium; the Fluorescent Multilayer Disc and Card (FMD/C).[2][3][4] , Inc. (Nasdaq/NMS: CDDD CDDD Customer Desired Due Date CDDD Construction and Demolition Diversion Deposit CDDD Component Detailed Design Document ) announced today that it has reached a partnership agreement with Avica Technology to incorporate C3D's Fluorescent Multilayer Disc Fluorescent Multilayer Disc (FMD) was an optical disc format developed by Constellation 3D that uses fluorescent, rather than reflective materials to store data. Reflective disc formats (such as CD and DVD) have a practical limitation of about two layers, primarily due to (FMD FMD foot-and-mouth disease. ) 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 The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. , distribution and display of Digital Cinema content," said Avica 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. 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 according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. 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 A technology developed at the Turing Institute, Glasgow, Scotland for creating 3D models. Using two cameras to obtain stereo images, C3D turns subjects into 3D models in AutoCAD, 3D Studio and virtual reality formats for Internet use. 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 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 and Massachusetts, and laboratories in Israel and Russia. More information about the Company is available at www.c-3d.net. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Statements contained in this news release that are not historical facts are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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