Hong Kong (August 19, 2014) - GDC Technology Limited ("GDC Technology"), a world leading digital cinema solutions provider is pleased to announce that Evergrande Cinema Line Management Co., Ltd (恒大院线管理有限公司) ("Evergrande Cinema Line") has selected GDC Technology as its technology partner to provide approximately 300 units of SX-3000 Standalone Integrated Media Block (IMB) and 30 sets of Theatre Management System (TMS) at its cineplexes in China. As of August 13, 2014, GDC's IMB and TMS have already been deployed in 15 Evergrande cineplexes.
Established in 2010, Evergrande Cinema Line is a wholly owned subsidiary of a Hong Kong listed company Evergrande Group, which is a conglomerate that focuses on residential property development and is engaged in FMCG, commercial, hotel, sports, and culture industries as a whole. The Group possesses close to 300 large scale projects across 147 major cities in China. Evergrande Cinema Line is one of the Group's subsidiaries specialized in theater investment, development and management and its mission is to build a boutique cinema line with "top cinemas, first class team, superior service and premium brand". Relying on the Group's commercial and residential developments and urban complex projects, Evergrande Cinema Line targets to be one of the largest cinema lines in China. As of today, Evergrande Cinema Line has up to 108 cineplexes under planning and construction in China with more than 1,000 screens, and it is expected to account for over 10% market share in the coming 5 years. The opening of Evergrande cineplexes in Xian, Zhongshan, Yueyang and Danzhou mark the first substantial move of Evergrande Cinema Line towards formal operations. As a world leading digital cinema solutions provider, GDC Technology will make its best effort to cooperate in Evergrande Cinema Line's development plan by providing comprehensive, high-quality installation and integration support.
"Stable and reliable hardware and software are both essential for a top cinema line in China," said Guangwei Li, General Manager of Evergrande Cinema Line, "After stringent comparison and analysis over a long period of time, we have come to a conclusion that GDC's IMB and TMS are compliant with all our requirements."
"We are glad that Evergrande Cinema Line selected GDC in their illustrious cinema multiplex deployment plan," said Dr. Man-Nang Chong, founder and CEO of GDC Technology, "We fully support Evergrande Cinema Line with our nationwide responsive services and proven digital cinema products to ensure quality cinema experience at Evergrande Cinema."
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About GDC Technology (www.gdc-tech.com)
GDC Technology Limited ("GDC Technology") is a leading global digital cinema solutions provider with the largest installed base of digital cinema servers in the Asia-Pacific region and the second largest globally. GDC Technology develops, manufactures and sells digital cinema servers that meet the highly demanding performance, security and reliability requirements established by Hollywood studios. GDC Technology also provides a comprehensive suite of digital cinema products and services providing exhibitors and distributors with a one-stop solution for exhibiting digital cinema content, including integrated projection systems, 3D products, projector lamps and silver screens. Its subsidiary, GDC Digital Cinema Network Limited, has over 6 years of VPF experience and manages close to 5,000 screens across approximately 750 VPF agreements with worldwide content distributors and exhibitors. Founded in Singapore in 1999 and headquartered in Hong Kong, GDC Technology has established a global market presence and strong brand recognition with 11 offices and 28 local service centers around the world. GDC Technology is a portfolio company of The Carlyle Group.