Digigram Bolsters Public Address Commitment By Becoming Innova-Son Stockholder.Business Editors/Hi-Tech Writers MONTBONNOT, France--(BUSINESS WIRE)--Jan. 17, 2001 Digigram, an innovator in networking solutions for digital audio and remote management, announced today that it has become a stockholder of Innova-Son, a professional audio console manufacturer A console manufacturer is a company that manufactures and distributes video game consoles. It is also known as a first-party video game publisher. Historically, some of the most recognized console manufacturers include: As of January 16 Digigram controls 27 percent of the shares of French-based Innova-Son and 33 percent of the shares of Deroch, a holding company that owns 42 percent of Innova-Son. Digigram financed the share purchase with cash on hand. The capital investment firm Epicea (Siparex group) will control 21 percent of Innova-Son. The deal gives Digigram the rights to take full control of Innova-Son - during a period between the end of fiscal/calendar year 2001 and September 30, 2002 - providing Innova-Son reaches a determined level of financial performance in 2001. The investment bolsters Digigram's commitment to the public address market, which will account for a projected 25 percent of revenue by 2003. "Digigram and Innova-Son's strong technology, product offerings and sales channels compliment each other, and will enable Digigram to meet the growing demands of the public address market," said Digigram president Philippe Girard-Buttoz Innova-Son was the first company to introduce and deliver all-digital consoles to a market that is moving from analog to digital technology. "More than 20,000 analog consoles are still used around the globe," says Innova-Son co-founder, 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. , Christian Royer. "We can provide effective and high-quality digital equipment with more features and flexibility for live performance for the same price as analog solutions." Innova-Son's customers include BBC BBC in full British Broadcasting Corp. Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927. , CCETT CCETT Caribbean Centre of Excellence for Teacher Training (Belize) CCETT Connecticut Center for Educational and Training Technologies CCETT Centre Commun d'Etudes Detélédiffusion et de Télécommunications (France Telecom) , Rennes Opera house, Radio France, SFP SFP Small Form-factor Pluggable (optical transceiver module) SFP Société Française de Physique (French Physics Society; Paris) Sfp Svenska Folkpartiet (Finnish: Swedish People~s Party) , Studer and many service providers for the live performance market. Innova-Son digital audio solutions have been used for such events as the MTV MTV in full Music Television U.S. cable television network, established in 1980 to present videos of musicians and singers performing new rock music. MTV won a wide following among rock-music fans worldwide and greatly affected the popular-music business. Awards, Notre-Dame de Paris Notre-Dame de Paris (nô`trə-däm də pärē`) [Fr.,=Our Lady of Paris], cathedral church of Paris, a noble achievement of early Gothic architecture in France. musicals, Printemps de Bourges concert festival, Jean-Michel Jarre's Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 pyramid concert in Egypt, soccer's World Cup music festival, and the Gipsy King's tour. About Innova-Son Created in 1993 in France's North-West (Brittany) region, Innova-Son (www.innovason.com) has a staff of 20 and reported sales of 1.5 million Euros in 1999 with 82 percent of the business coming outside of France and the majority of that U.S.-based. Total revenue for 2000 is estimated at 2.3 million Euros. About Digigram Digigram (www.digigram.com) networking solutions for digital audio and remote management are key to the success of media, communications, and industrial companies worldwide. Our innovations are implemented on computer sound cards, multimedia devices, audio production applications, and other host platforms. Digigram Powered products are installed in thousands of radio and television stations; audio recording and video post production facilities; corporate and commercial sound installations; telecommunications centers A facility, normally serving more than one organization or terminal, responsible for transmission, receipt, acceptance, processing, and distribution of incoming and outgoing messages. ; and industrial plants around the globe. Products under our Aztec Radiomedia brand unlock the potential of networks by delivering advanced communications solutions for digital audio and data management and transmission. Founded in 1985, Digigram is headquartered in Montbonnot, France and is publicly traded on the Paris stock exchange. Customers are served from four regional business units: Digigram Europe (Strasbourg, France), Digigram Inc. (Arlington, VA USA), Digigram Asia (Singapore), and Digigram America Latina (Buenos Aires Buenos Aires (bwā`nəs ī`rēz, âr`ēz, Span. bwā`nōs ī`rās), city and federal district (1991 pop. , Argentina). Press materials are also available on the World Wide Web at www.digigram.com/press/download_press.html Digigram is a registered trademark of Digigram S.A. Other trademarks are property of their respective holders. |
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