Message #85 From:
NewsBot Date: December 12, 2006 06:39:00 AM
BTN News Ballantyne's Strong Digital Systems Division Provides NEC Projectors for Dolby Deployment with Malco and Megaplex
OMAHA, Neb.--(BUSINESS WIRE)--Ballantyne of Omaha, Inc. (Amex: BTN), a provider of motion picture
projection, specialty lighting and digital cinema equipment and
services, announced today that Dolby Laboratories, a leading developer
of entertainment products and technologies, selected twenty-five NEC
STARUS™ NC2500S Digital Cinema projector
systems from Ballantyne’s Strong Digital
Systems division.
Dolby selected the NEC STARUS NC2500S Digital Cinema projectors to
deploy in several state-of-the-art movie theatres owned by Malco
Theatres and Megaplex Theatres. During the fourth quarter of 2006, four
systems will be deployed in Malco Theatres and three in Megaplex
Theatres. The additional systems will be delivered to Malco and Megaplex
in the first half of 2007.
John P. Wilmers, President and Chief Executive Officer of Ballantyne of
Omaha, commented, “We are very pleased that
Dolby has selected the NEC STARUS NC2500S Digital Cinema projector
system as Ballantyne and Dolby both strive to provide exhibitors the
best solutions available in the market today. At this early stage of the
digital cinema market rollout, we are working aggressively to introduce
NEC systems to the broadest possible array of partners and customers.”
In addition, Wilmers said Ballantyne is working with Dolby on future
digital cinema developments including Dolby’s
recently announced 3D system.
Ballantyne is a provider of motion picture projection, specialty
lighting and digital cinema equipment and services. The Company also
supplies specialty projection equipment utilized by major theater chains
and location-based entertainment providers and manufactures specialty
entertainment lighting products used at top arenas, television and
motion picture production studios, theme parks and architectural sites
around the world.
Except for the historical information in this press release, it includes
forward-looking statements that involve risks and uncertainties,
including but not limited to, quarterly fluctuations in results;
customer demand for the Company’s products;
the development of new technology for alternate means of motion picture
presentation; domestic and international economic conditions; the
management of growth; and other risks detailed from time to time in the
Company’s Securities and Exchange Commission
filings. Actual results may differ materially from management’s
expectations.
