International Datacasting Corporation
TSX : IDC

International Datacasting Corporation

September 08, 2014 17:00 ET

IDC's TITAN 3 High Definition Contribution Encoder Selected for Deployment in Latin America by Grimsat

OTTAWA, ONTARIO--(Marketwired - Sept. 8, 2014) -

Editor's Note: There is a photo associated with this release.

International Datacasting Corporation (TSX:IDC), a global technology provider for the world's premiere broadcasters, is pleased to announce that it has shipped the new TITAN 3 Contribution Encoder for deployment in Latin America. IDC's new partner in Mexico, Grimsat has selected the TITAN 3 Contribution Encoder for low latency encoding of news and sports content.

"We are delighted in our selection of the TITAN 3 Contribution Encoder for use in outside broadcasting applications throughout Latin America," said Miguel Grimaldo, Grimsat's CEO. "Image quality and encoding latency are key factors in outside broadcast applications, and the TITAN 3 Contribution Encoder provides great performance without sacrificing reliability or ease of use," commented Ramon Grimaldo, Sales Director for Grimsat.

The TITAN 3 provides the perfect balance of high video quality, ground-breaking latency performance, and best-in-class usability for demanding outside broadcast applications. IDC designed the TITAN 3 with extremely low latency - or encoding delay - of only 150ms, which enables broadcasters to be first to air with breaking news, and to conduct the most natural live interviews from remote locations. With available 4:2:2 10-bit encoding in High Definition, and support for 150 ms latency to a wide range of decoder platforms, TITAN 3 raises the standard for video contribution.

The TITAN 3 Contribution Encoder design is based on more than a decade of IDC experience serving the outside broadcast industry. TITAN Encoders are built from the ground up for the demanding conditions of outside broadcasting, featuring rugged construction to achieve superior reliability. The TITAN 3 retains the familiar, easy to use front panel which allows quick setup for mission critical operations, and is able to achieve signal on-air from power up in less than 60 seconds.

"Delivering the best possible image quality and low latency performance is critical to live broadcasting," said Doug Lowther, President and CEO of IDC. "IDC is thrilled to support broadcasters who wish to deliver the highest image quality for news and sports to their audiences."

About International Datacasting Corporation:

International Datacasting Corporation (TSX:IDC) is a global technology provider for the world's premiere broadcasters in radio, television, data and digital cinema. IDC'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. For more information visit: www.datacast.com.

Forward-Looking Statements:

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 including, without limitation, management's beliefs with respect to strategy, efficiencies, results and costs savings in Fiscal 2015, management's expectations with respect to customer acceptance of, and the receipt of orders for, the company's products, and management's expectations with respect to the impact of new personnel and a restructured sales force. 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. The material assumptions used to develop the forward looking-statements made in this release include anticipated cost savings resulting from the initiatives taken by IDC under its action plan, anticipated impact of senior personnel, consolidation of operations and restructuring of the sales force, management's perceptions of current conditions and expected future developments, expectations regarding future shipments of IDC products, management's knowledge of the current credit, interest rate and liquidity conditions affecting IDC as well as other considerations that are believed to be appropriate in the circumstances.

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", "design", "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. Risks and uncertainties 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 TITAN 3 Video Encoder; a lengthy and variable sales cycle for IDC's products and services; 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. Further, any incorrect identification of, or failure or delay in identifying, areas that require attention in IDC's business as part of the company's strategic review, or inability to successfully address areas requiring increased focus in accordance with IDC's action plan, could materially adversely affect the company's business, financial conditions, and results of operations as well as other key indicators.

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, including, without limitation, IDC's Annual Information Form and MD&A for the year ended January 31, 2014, and our MD&A for the quarter ended July 31, 2014.

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.

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