BLOIS and LONDON (February 25, 2015) - Global visual technology company RealD Inc. (NYSE: RLD) today announced an exclusive partnership with Cap Cinema, overseeing the installation of RealD 3D technology across 50 screens in 10 Cap Cinema sites, many of which will also be fitted with RealD's new precision white screen (PWS) technology.
Phillippe Dejust, CEO of Cap Cinema, said: "We are pleased to partner with RealD, the world's recognised leader for 3D broadcasting systems, and to share a joint commitment to providing customers with the best 3D projection quality possible, resulting in a premium movie experience. With the precision white screens and RealD 3D systems, we are confident we can deliver clear, bright 3D imaging, promising our viewers an immersive occasion like never before."
Bob Mayson, Managing Director of RealD Europe Ltd, added: "This agreement with Cap Cinema demonstrates our commitment to focus on the French market, signaling an improvement in French cinema quality through our new precision white screens.
"We are looking forward to installing new facilities at Cap Cinema, so cinema goers can enjoy the quality of RealD projection systems in more locations than ever."
Cap Cinema will continue full installation of PWS from March 2015, with the hardware also being installed at their new site, Cagnes sur Mer. In addition, the introduction of RealD's "LUXE: A RealD Experience" (LUXE), a new Premium Large Format (PLF) initiative, is also being explored by Cap Cinema.
The world's most widely used 3D cinema brand, RealD 3D is currently installed in approximately 26,000 auditoriums by approximately 1,000 exhibitors in 73 countries around the world (as of September 30, 2014).
About RealD Inc.
RealD is a leading global licensor of 3D and other visual technologies. RealD's extensive intellectual property portfolio is and can be used in applications that enable a premium viewing experience in the theater, the home and elsewhere. RealD's core business is the licensing of RealD Cinema Systems and the product sale of RealD eyewear to motion picture exhibitors to enable a premium viewing experience for 3D motion pictures and alternative 3D content in the theater.
RealD was founded in 2003 and has offices in Beverly Hills, California; Boulder, Colorado; London, United Kingdom; Moscow, Russia; Shanghai, China; Hong Kong; Tokyo, Japan; and Rio de Janeiro, Brazil. For more information, please visit our website at www.reald.com.
About Cap Cinema
With the recent acquisition of CINEMOVIDA Group, Cap Cinema is now the 4th biggest chain of French cinemas, spanning across 23 sites and 148 screens. With the opening of its first multiplex in 2000 in Blois, Cap Cinema has continued its expansion in medium-sized cities (40,000 to 60,000 population). As a commercial operator within multiplexes and arthouse theatres, Cap Cinema attracts more than 4.6 million customers annually.
Cautionary note on forward-looking statements.
This press release includes forward-looking information and statements, including but not limited to: statements concerning the license and commercialization of Precision White Screen Technology with Cap Cinemas. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside RealD's control that could cause actual results to differ materially from the results discussed in the forward-looking statements. RealD's annual and quarterly reports include a more detailed discussion of the risks and uncertainties that may cause actual results to differ materially from the results discussed in the forward-looking statements.