ISee3D Enters 'Strategic Partnership' with a Leading US Company Abel Cine Tech
28 Aprile 2010 - 11:00AM
Marketwired
ISee3D Inc. (TSX VENTURE: ICT) announced today it has entered into
a strategic partnership with Abel Cine Tech, a leading US supplier
of professional film and HD equipment with facilities in New York
City, Burbank, CA and Chicago, IL.
Abel Cine Tech will immediately start a market assessment in the
broadcast and entertainment industries for ISee3D's single lens,
single camera technology.
ISee3D CEO Dwight Romanica said "We believe our technology has
the potential for broad acceptance within these industries,
particularly as we have the ability to shoot in real time and
should substantially reduce post-production costs.
"Major TV screen manufacturers are currently selling, or about
to launch 3D-ready televisions, and this is a critical juncture for
ISee3D as we now need to be moving quickly and effectively to take
up opportunities in the 3D production and broadcast industries.
"The recent massive box office popularity of 3D films has shown
there is a truly global appetite for 3D, but there will be, we
believe, a shortage of quality, 3D content. Our technology is
extremely versatile in that it can enable extremely small cameras
working with lenses of less than one millimeter up to the largest
lenses in prosumer and professional cameras to create 3D content,"
said Romanica.
"We looked long and hard for the right partners for these
industries. We believe Abel Cine Tech is the best partner for us.
Abel Cine Tech is very highly respected, technically proficient,
established, and experienced, and, with facilities in Burbank,
California, New York and Chicago, it has a very strong footprint
across the entire US. They will provide us with mission critical
market intelligence as well as management support, so we can
maximize our joint opportunities in the North American markets,"
concluded Romanica.
Abel Cine Tech CEO, Peter Abel, said, "ISee3D's unique
technology, we believe, opens up all sorts of opportunities in our
industry. The initial objective for Abel Cine Tech in this
partnership will be to assist ISee3D senior management in
determining appropriate strategies for bringing the core ISee3D
technology and intellectual property into the North American
professional production and broadcast industries in as
opportunistic, timely and profitable a manner as possible."
About Abel Cine Tech
Abel Cine Tech, established in 1989, is a leading supplier of
professional film and HD equipment with facilities in New York
City, Burbank, CA and Chicago, IL. The company is a Sony Elite III
Reseller, Panasonic Specialty Reseller, the exclusive US agent for
Aaton motion picture cameras, and the North American agent to the
production market for Phantom high-speed cameras. Abel is also the
exclusive reseller of specialty equipment including Panther
Broadcast tripods and dollies, the CamTram System, Creamsource
lighting fixtures, and Air Sea Land Gear. For more information,
visit www.abelcine.com.
About ISee3D Inc.
ISee3D Inc. (TSX VENTURE: ICT) owns certain patented technology
which provides for the capture of stereoscopic (3D) images through
a single lens. The company's technology has broad applications in
various markets, including the home entertainment industry,
consumer electronics, and imaging devices of all types including
microscopes, endoscopes as well as more sophisticated medical
imaging systems. www.isee3d.com.
Statements included in this announcement, including statements
concerning our plans, intentions and expectations, which are not
historical in nature are intended to be, and are hereby identified
as, "forward-looking statements" for purposes of the safe harbor
provided by Section 21E of the Securities Exchange Act of 1934, as
amended by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by words including
"anticipates", "believes", "intends", "estimates", "expects" and
similar expressions. The company cautions readers that
forward-looking statements, including without limitation those
relating to the company's future operations and business prospects,
are subject to certain risks and uncertainties that could cause
actual results to differ materially from those indicated in the
forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: ISee3D Inc. Dwight Romanica 514-798-1281
www.isee3d.com Abel Cine Tech Peter Abel 212-462-0141
www.abelcine.com
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