Hong Kong -- GDC Technology ("GDC"), a world leading digital cinema solution provider, is pleased to announce today the signing of a digital cinema deployment contract with Zhe Jiang Time Cinema. The contract is a repeat order which involves the deployment of 200 units of GDC SX-2000A Digital Cinema Server with Integrated Media Block by the end of 2011. This latest success has not only further strengthened the close partnership between Zhe Jiang Time Cinema and GDC, but has also consolidated GDC's top selling position in China's digital cinema server market.
Zhe Jiang Time Cinema World Co., Ltd. was founded in 2003 and spearheaded the establishment of a provincial-wide cinema circuit under the banner of "Zhe Jiang Time Cinema". Right on the year of its inception, the circuit swiftly snatched up 60.7% of the provincial market and instantly became the market leader in Zhe Jiang province. As at 2010, despite facing stiff competitions from other cinema circuits, Zhe Jiang Time Cinema still maintains its leading position in Hangzhou (the provincial capital) and grows its business steadily in other tier-2/tier-3 cities within Zhe Jiang province, firmly capturing 55% of the provincial market and maintaining its position as the 7th largest cinema chain operator in China. By the end of 2010, Zhe Jiang Time Cinema has increased its number of directly-operated cinemas to around 20, signed cinemas to 80, and total number of cinema screens to about 400. Other targets have been achieved within the same time frame include expanding Zhe Jiang Time Cinema into other provincial cities such as Cixi, Yongkang, Shaoxing and Shangyu, 40% rise in box-office takings, and breaking the 420-million-RMB mark in total box-office revenue.
"The close partnership between GDC and Zhe Jiang Time Cinema was established in 2005. We have chosen GDC SX-2000A Digital Cinema Server with IMB for its superior 3D screening quality, support for 4K resolution, and in addition, its added advantage of being awarded industry's first FIPS Level 3 Certification meeting DCI security requirements," said Qian Da Jun, General Manager of Zhe Jiang Time Cinema. "To invest further in digital cinema to fulfill our expansion needs, we have decided to deploy another 200 units of GDC server. This will help us maintain our leading position in Zhe Jiang and expand early into other important up-and-coming cities within the province, while continue providing our customers with the highest quality cinematic experience."
"We truly appreciate that Zhe Jiang Time Cinema has chosen GDC again as its server provider. It gives us great honor to be involved in Zhe Jiang Time Cinema's expansion program and we promise to continue the close partnership to grow our business together," said Dr. Man-Nang Chong, founder and CEO of GDC Technology. "GDC has earned its reputation on the basis of quality products, reliable services, and most importantly continuous product innovations. We are encouraged by our success in Zhe Jiang province and feel optimistic to continue our success as we expand into other provinces in China."