SOURCE: EVS BROADCAST EQUIPMENT

April 06, 2010 02:18 ET

EVS acquires OpenCube Technologies, a specialist of MXF technology solutions

LIEGE, BELGIUM--(Marketwire - April 6, 2010) - EVS Broadcast Equipment S.A. (Euronext Bruxelles: EVS.BR, Bloomberg: EVS BB, Reuters: EVS.BR), (Pinksheets: EVBEF), the leader in Professional Digital Video applications for live and studio TV production, today announced the acquisition of the French company OpenCube Technologies, specialist of technology solutions relating to MXF media.

This acquisition reinforces the expertise of EVS in the segment of the production and postproduction studios. OpenCube, founded in 2003 in Toulouse (France), is one of the world specialists of the MXF wrapping format, which has become a standard in the industry. The Opencube team includes approximately 15 people, mainly development engineers and operational experts, who acquired a solid reputation thanks to their expertise in open solutions for video file management in complex workflows. The MXF format (Material eXchange Format) is a wrapping format for professional video and audio media, defined by SMPTE standards.

Pierre L'Hoest, CEO of EVS, declared: "We have been working closely with OpenCube over the last few years, and we were very attentive to the evolution of their MXF software solutions, and more recently to the adoption by the market of their server designed for production ingest. The complementary nature of our technologies, but also the broadcast and IT know-how of OpenCube, were decisive in the integration of the company within our group, and will allow us to offer more comprehensive solutions to the market, while maintaining our unmatched quality service."

Benoit Février, Founder and CEO of OpenCube Technologies, said: "After 6 years of foundation and growth, it was appropriate for our products, including MXF products, to incorporate a wider range and especially to benefit from a global distribution channel. EVS is a natural choice given its leading position in niche markets. The accelerated replacement of tape-based workflows by infrastructures associated with computer software applications and the rapid adoption of HD in Europe motivated us to join EVS. The innovative strength of OpenCube, now combined with EVS, a performing group, will help EVS to become a market leader in production studios, and also to open new markets within post-production studios."

OpenCube Technologies sales amounted to EUR 1.4 million in 2009, a continued growth since its creation, and will be 100% consolidated as from April 1, 2010.

The two companies will present their latest developments and solutions during the NAB trade show in Las Vegas, between April 12 and April 15: EVS Central Hall C9508 / OpenCube South Upper Hall SU6807


Corporate Calendar:
April 10-15, 2010                NAB tradeshow, Las Vegas
Tuesday May 11, 2010             1Q10 results
Tuesday May 18, 2010             Combined Ordinary and Extraordinary
                                 General Meeting
Monday June  7, 2010             Postponed  Extraordinary  General Meeting
Thursday July 15, 2010           Trading update on 2Q10 revenue
Thursday August 26, 2010         2Q10 results


For more information, please contact:
Jacques GALLOY, Director & CFO
Geoffroy d'OULTREMONT, Investor Relations & Corporate
Communications Manager
EVS  Broadcast Equipment S.A., Liege Science Park,
16 rue du Bois Saint-Jean,
B-4102 Ougrée (Liège), Belgium
Tel:  +32 4 361 70 14.  E-mail: corpcom@evs.tv;
www.evs-global.com

Forward Looking Statements

This press release contains forward-looking statements with respect to the business, financial condition, and results of operations of EVS and its affiliates. These statements are based on the current expectations or beliefs of EVS's management and are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These risks and uncertainties relate to changes in technology and market requirements, the company's concentration on one industry, decline in demand for the company's products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. EVS undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

About EVS Group

EVS Broadcast Equipment designs, develops and markets professional digital equipment for Television. The company employs over 275 persons in 14 countries and sells its products to professionals of the video and audio sectors in more than 90 countries. EVS is a public company traded on Euronext Brussels: EVS, ISIN: BE0003820371. For more information, refer to www.evs-global.com

EVS Broadcast is the world leader for Live TV Production Digital Disk Recorders and Related Software Applications, especially in the field of sports. The company's dedicated hardware and software suite offer a complete production platform: live slow motion (LSM), high speed slow motion, replay only, clips generation, quick clips editing, real-time SD/HD video files transfer, time delay, multi-camera recording, metadata association, graphics storage and play-out, digital transmission, multi-format ingest and play-back, audio record & edit, webcasting, mobile phone clipping. Main software applications like the "IP Director®" are running on the dedicated robust and flexible hardware the "XT[2]® Platform". The world's leading broadcasters, such as NBC, BSkyB, FOX, RTBF, RTL, NHK, CANAL+, ABC, ESPN, TF1, CCTV, PBS, CBS, BBC, ZDF, Channel One, Channel7, RAI, TVE, NEP, MEDIAPRO, EUROMEDIA, BEXEL, ALFACAM and many others use EVS' solutions.

EVS 41,3% affiliate XDC is the European leader for Digital Cinema technology and services in Europe with more than 1,350 committed digital screens in 11 European countries (Germany, Switzerland, Spain, Austria, Portugal, Belgium, The Netherlands, Hungary, Czech Republic, Slovakia and Poland) out of which 50% have already been deployed

About OpenCube Technologies

OpenCube Technologies is a pioneer in the field of video/IT- technology integration, with world-class expertise in MXF development, metadata management, and media-data interoperability. OpenCube invests heavily in R&D, constantly creating innovative solutions, ensuring this company's position as a world- class leader in its area of expertise - MXF and HDTV Standards. The company has some patents to protect its specific developments. The know-how in video ingest is today integrated in a lot of products, notably developed by TELESTREAM, TEKTRONIX, BLUE ORDER DVS or DIGITAL RAPIDS. The company is also a partner of Airbus Industries for embarked video applications. More information about OpenCube Technologies can be found at: www.opencubetech.com

About MXF

MXF is a "container" or "wrapper" format which supports a number of different streams of coded "essence", encoded with any of a variety of codecs, together with a metadata wrapper which describes the material contained within the MXF file. MXF has been designed to address a number of problems with non-professional formats. MXF has full timecode and metadata support, and is intended as a platform-agnostic stable standard for future professional video and audio applications.MXF is today accepted by the entire broadcast industry as the standard for media exchange in the entire chain of audiovisual content creation. For more information : http://en.wikipedia.org/wiki/Material_Exchange_Format


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Press release in pdf format: http://hugin.info/133958/R/1400591/355853.pdf

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