OTTAWA, ONTARIO--(Marketwired - Dec. 19, 2013) - As Latin American broadcasters look toward greater technological capabilities at competitive pricing, International Datacasting (TSX:IDC) is pleased to announce a major contract to upgrade the broadcasting equipment for Bolivia TV. Already a valuable customer for IDC since April 2012, Bolivia TV will enhance its capabilities by deploying 7 high performance TITAN Video Encoders, as well as 11 of the rugged and compact HMR Receivers throughout the central South American country. By bundling more software with hardware at a competitive price, IDC is providing Bolivia TV with both leading-edge technology and strong value for money.
Bolivia TV serves a culturally rich population of nearly 10.5 million residents, who enjoy a wide array of interests including art, cuisine, music and sports. Bolivia TV will leverage IDC's high picture quality to broadcast events nationwide, from the latest soccer match in La Paz to a memorable night with the Bolivian Philharmonic Orchestra from Santa Cruz. IDC's equipment can also handle many different types of news and sports formats from across the continent, allowing access to more programming than ever before.
"We believe that the winning formula of IDC's functionality, flexibility and quality coupled with our healthy on-going relationship will be a driving force for Bolivia TV's success, as we stay a step ahead of the latest technological challenges in broadcasting," said Ruben Dario Marquez Choque, Technical Manager for Bolivia TV.
The TITAN Video Encoders tackle the unique challenges of professional broadcasting by employing an intuitive system that provides high picture quality in an ISDB-T environment. This extremely user-friendly interface allows operators to set up contribution links quickly and easily.
A perfect complement to the TITAN Encoder, IDC's HMR Receivers are a series of rugged, compact, multi-format, professional IRDs. The HMR5440 and HMR5442 professional video receivers are ideally suited to broadcast contribution and distribution applications where multiple video formats (SD and HD), interface flexibility (satellite and IP) and content protection (BISS) are required. HMR also offers an unprecedented combination of features, performance and reliability at an industry-leading price.
IDC offers its customers, including Bolivia TV, 20 years of experience as a global leader in digital content distribution. "We look forward to building our relationship with Bolivia TV by providing solutions that offer great value with outstanding results." said Doug Lowther, CEO of IDC.
About International Datacasting Corporation:
International Datacasting Corporation (TSX:IDC) is a global leader in digital content distribution for the world's premiere broadcasters in radio, television, data and digital cinema. IDC offers a broad portfolio of advanced solutions including the STAR Pro Audio™ Solution, LASER™ Targeted Ad Insertion Platform, and the Digital Tattoo™ DTH Over IP Gateway. The company's products and solutions are in demand for radio and television networks, targeted ad insertion, digital cinema, 3D live events, satellite news gathering, sports contribution, VOD, and IPTV. IDC is headquartered in Ottawa, Canada, with regional offices in Arnhem, the Netherlands and in San Diego, California. The company has installations in over 100 countries, a service office in Thailand, and an international network of value-added partners and resellers. For more information visit: www.datacast.com.
This press release contains certain information that may constitute "forward-looking information" and/or "forward-looking statements" within the meaning of applicable Canadian securities laws. All forward-looking information and forward-looking statements are necessarily based on a number of estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies. All statements other than statements which are reporting results as well as statements of historical fact are forward-looking statements that may involve a number of known and unknown risks, uncertainties and other factors; many of which are beyond the ability of IDC to control or predict.
Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan or "project" or the negative of these words or other variations on these words or comparable terminology. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Risk factors that might cause actual results to differ materially include, but are not limited to: competitive developments; risks associated with IDC's growth; expectations regarding new product initiatives and timing, including the STAR Pro Audio™ Solution, LASER™ Targeted Ad Insertion Platform and Digital Tattoo™ DTH Over IP Gateway; any difficulties with integrating acquired product lines into IDC's business and/or manufacturing procedures; any difficulties or disputes with IDC's subcontractors, contract manufacturers and suppliers; IDC's dependence on the development and growth of the satellite services market; a lengthy and variable sales cycle for IDC's products and services; IDC's reliance on a small number of customers for a large percentage of its revenue; expectations with respect to the sufficiency of its financial resources and liquidity; regulatory risks and intellectual property infringement.
More detailed information about potential factors that could affect IDC's financial and business results is included in the public documents IDC files from time to time with Canadian securities regulatory authorities and which are available on SEDAR at www.sedar.com.
Except as expressly required by applicable law, we undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements are provided to assist external stakeholders in understanding IDC's expectations as at the date of this release and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on such statements.