IDC Announces $3 Million Renewal Of Datacasting Contract With Canadian Forces Agency.
OTTAWA--(BUSINESS WIRE)--March 31, 2004
International Datacasting Corporation (IDC) (TSX:IDC) announced today the award of a contract extension for IDC's contract with the Canadian Government to provide multimedia datacasting services for the Canadian Forces Personnel Support Agency (CFPSA). IDC provides infrastructure and service for the Canadian Force Radio & Television Service (CFRTS) which delivers news, sports, entertainment, and special events programming to Canadian Forces stationed around the world in ongoing and emerging international operations.
This extension, combined with other recent service expansions, is valued at more than $3 million over the next year. The original contract, which was re-awarded in 2003 after a competitive tender, allows the Government to exercise options for renewal annually for an additional two years. IDC has operated this service since 1999.
This service-which is broadcast in real-time from IDC's Ottawa teleport-includes one channel of video in English, one in French, several home-town radio stations, and other digital multimedia content. The system operates on IDC's SuperFlex DVB-IP technology, which enables the seamless integration of multiple channels of video, audio and IP data into a single satellite carrier-reducing costs and improving quality.
IDC was also recently awarded a contract expansion to deliver additional programming to Canadian Forces personnel in the Middle East, Afghanistan and the Arabian Sea area. As a new contingent from Valcartier is posted to the region, an additional video channel in French and radio stations from Quebec City have been added to the existing programming.
IDC President and CEO Ron Clifton commented, "We are very pleased and proud to have been awarded the renewal of our current service contract with CFPSA and the various extensions. It's a real testimony to the quality of the service and the flexibility of our technology that we've been able to continue and grow the system as required. We are honored to be able provide this valuable contribution to the troops' morale."
CFPSA Executive Vice-President Personnel Support Programs, Greg Pearson commented, "Given the quality of service that IDC has demonstrated throughout the past few years and their ability to fulfill new requirements as they arise, we are pleased to renew our service with them for another year. We look forward to continuing to work with IDC to provide our troops abroad with the Canadian content that helps them stay in touch with home."
IDC Chief Financial Officer Marc Santerre added, "This contract renewal underscores the fact that our focus on excellence in customer service is a key factor in winning ongoing business. CFPSA is an important customer for us and this contract provides excellent recurring service business for IDC as well as a state-of-the-art working system in our back yard where we can demonstrate convergence technology to customers from around the world."
About International Datacasting Corp.:
IDC (TSX:IDC) provides advanced products, systems and services for the implementation of broadband wireless infrastructure networks used to distribute multimedia data. IDC is at the forefront of delivering IP-based datacasting solutions via satellite and content distribution technologies. IDC's products are in demand for high-speed Internet infrastructure, enterprise networks, distance learning, and multimedia content distribution. IDC is a recipient of numerous awards including the prestigious Canada Export Award for Innovation and Technology Achievement. IDC is headquartered in Ottawa, Canada with an established international network of partners and distributors and installations in more than 45 countries worldwide. Visit IDC on the web at www.intldata.ca.
About the Canadian Forces Personnel Support Agency:
CFPSA has provided satellite radio and television 24 hours per day seven days per week to Canadian Forces members stationed in Africa, Europe and the Middle East. As of April 2002 we are also providing this service to HMC Ships and troops deployed in the Persian Gulf region. The CFPSA service is transmitted on an encrypted closed circuit satellite system. The total Canadian Forces audience worldwide varies between 2,000-4,000 members. These television services from home are important in maintaining the morale and welfare of Canadian Forces members and contributing to overall operational effectiveness. (See www.cfpsa.com.)
This press release contains forward-looking statements that may involve risks and uncertainties. Actual results may differ materially. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with IDC's growth, the development of the satellite datacasting market, regulatory risks, intellectual property infringement and other factors. IDC assumes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect IDC's financial and business results is included in the public documents IDC files from time to time with Canadian securities regulatory authorities.
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|Date:||Mar 31, 2004|
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