Immersive Media Corp.
TSX VENTURE : IMC

Immersive Media Corp.

August 03, 2005 06:00 ET

Immersive Media Corp. & Elumens Corporation Enter Into A Strategic Relationship

CALGARY, ALBERTA--(CCNMatthews - Aug. 3, 2005) -

Revolutionizing the way people experience videos

Immersive Media Corp. (TSX VENTURE:IMC) ("IMC"), an advanced digital video imaging company, announced today that it has entered into a strategic relationship with Elumens Corporation ("Elumens"), a leading provider of display solutions to the Simulation and Training Industry.

IMC's Telemmersion Camera Systems and Elumens Dome display technologies have the ability to revolutionize the way we look at things. Immersive video content displayed in the Elumens Dome brings everything to life, whether for training and simulation applications, visual displays, virtual learning environments or entertainment applications. The combination of IMC's immersive videos and Elumens display technology enables user to truly feel "immersed" in an environment.

"The ability to experience immersive videos in a dome is a radical change in the way in which videos are experienced. In a market that has traditionally been dominated by computer generated imagery, immersive video opens a new world of possibilities with the integration of photorealistic imagery," said Myles M. McGovern, President & CEO of IMC. "Elumens is a leader in dome technology. We are very excited about this relationship and the potential to change the way people experience video imagery." added Mr. McGovern.

The strategic relationship will focus on combined sales activities to both partner's customers in the military, commercial industry and entertainment markets, thereby providing an end to end solution for content capture, processing and display. The companies expect to work with strategic customers in continuing to develop both technologies for an enhanced interactive experience.

"Elumens customers utilize the immersive nature of our displays in a wide range of applications, and have long sought a means of using VisionStation and VisionDome systems in conjunction with live video content in addition to computer generated imagery. The combination of Elumens display technology and IMC's Telemmersion System will finally deliver a straightforward and easy-to-implement solution for this requirement." said Robbie Hardy, President & CEO of Elumens.

About Elumens Corporation

Elumens is a leading provider of display solutions to the Simulation and Training Industry. Elumens' products have also been broadly adopted for visualization applications within the Architecture, Engineering, Scientific Research, Higher Education, Planetarium, and Entertainment markets. Visit Elumens at www.elumens.com

About Immersive Media Corp.

IMC is an advanced digital video imaging company. IMC's Telemmersion System captures a global image using multiple video streams arranged according to geodesic geometry. The dodecahedron design captures omni directional video that is seamlessly stitched together and can be viewed live or from a recording. IMC's immersive video provides a view of the entire environment for timely, fact-based decision-making.

The compact size, lightweight and rugged design of the Telemmersion System makes it completely portable and it can be easily mounted on land and airborne vehicles. Applications include: persistent surveillance, integration, commanded control of interactive intelligent databases, scenario modeling, and specialized training.

IMC is a publicly traded Company that is listed under the symbol "IMC" on the TSX Venture Exchange. For more information on IMC and the Telemmersion System, go to: www.immersivemedia.com

Forward-Looking Statements

Information provided herein contains forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Immersive Media Corp. at the time of preparation, may be proved to be incorrect. Actual results achieved during the forecast period will vary from the information provided and the variations may be material. There is no representation by Immersive Media Corp. that actual results achieved during the forecast period will be the same in whole or in part as those forecast.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Immersive Media Corp. - Investor Relations
    David G. Anderson
    Chief Financial Officer and Corporate Secretary
    403.264.8817
    or
    Channel Partners
    Karen Tanaka
    Chief Operating Officer
    503.821.6208