LONGUEUIL, QC, March 13, 2012 /CNW Telbec/ - D-BOX Technologies Inc. (TSX: DBO), a leader in innovative motion technology, announced today another agreement with Orange Sky Golden Harvest Entertainment Company to equip three new screens with D-BOX MFX Seats.
This purchase and licensing agreement will generate licensing fees payable to D-BOX in accordance with the systems' use and increases D-BOX's footprint in Asia and now brings its total number of theatres to seven in Japan and Hong Kong.
"We're thrilled to continue our momentum overseas and further expand our presence in Asia," stated President and CEO of D-BOX Technologies, Claude Mc Master. "We see exceptional growth opportunities with Orange Sky Golden Harvest given its interests in movie production as well as its theatre presence throughout the region including mainland China, Taiwan and Singapore."
The three new screens featuring D-BOX MFX Seats will be in theatres located in the Yau Tsim Mong and Tsuen Wan districts of Hong Kong.
"Orange Sky Golden Harvest is committed to creating the ultimate movie experience for its patrons and D-BOX has proven itself an extraordinary addition to our theatre in Mongkok," said Chief Executive Officer of Orange Sky Golden Harvest Entertainment Company, Andrew Mao. "Given the great success of D-BOX with our moviegoers at that location, we are adding these three new screens with hopes of adding more in the near future."
For a complete listing of theatres offering the D-BOX experience and a guide to new movies, visit www.d-box.com
About Golden Harvest Cinemas
Orange Sky Golden Harvest, previously known as Golden Harvest, is one of Asia's best known and most influential film and entertainment companies. Listed on the Stock Exchange of Hong Kong since 1994, Orange Sky Golden Harvest currently operates 56 cinemas with 428 screens across Hong Kong, China, Singapore and Taiwan, commanding a substantial share of the film exhibition and distribution markets in Asia. Orange Sky Golden Harvest has produced over 450 films and nurtured movie legends such as Bruce Lee and Jackie Chan. The company is also the distributor of countless successful films in both Chinese and foreign languages.
Orange Sky Golden Harvest Entertainment Company, Hong Kong is one of the major movie theatre companies in Hong Kong founded by eminent film producers, Leonard Ho Koon Cheung and Raymond Chow.
D-BOX Technologies Inc. designs, manufactures and markets cutting-edge motion systems intended mainly for the entertainment and industrial simulation industries. This unique and patented technology, the D-BOX Motion Code, uses motion effects specifically programmed for each visual content which are sent to a motion system integrated into either a platform or a seat. The resulting motion is perfectly synchronized with the on-screen action, thus creating an unparalleled realistic immersive experience. As of today, many Hollywood studios offer D-BOX Motion Code on their motion pictures in commercial theatres, on DVDs and Blu-rays. By reaching agreements with various industry leaders, D-BOX's award-winning motion technology is gradually proving itself as a new global standard. D-BOX is a public company whose shares are traded on the Toronto Stock Exchange under the symbol DBO.
D-BOX® and D-BOX Motion Code® are registered trademarks of D-BOX Technologies Inc. Other names are for informational purposes only and may be trademarks of their respective owners.
For further information:
Vice-President of Marketing
D-BOX Technologies Inc.
450-442-3003 ext. 263
Marc Jasmin CMA, President
Jasmin Financial Communications