LONGUEUIL, QC, June 19, 2012 /CNW Telbec/ - D-BOX Technologies Inc. (TSX:DBO), a leader in innovative motion technology, announced today its first agreement with Luxor Cinema Chain, the fourth largest theatre circuit in Russia, for the installation of 141 D-BOX MFX Systems in six locations.
This agreement marks the first sale of D-BOX MFX Systems for commercial theatre use in Russia and will also generate licensing fees payable to D-BOX in accordance with the systems' utilization.
"In building a relationship with one of the top theatre circuits in Russia, we have created tremendous growth opportunities. Luxor's initial commitment to equip multiple theatres reemphasizes the growing acceptance of our motion systems by theatre circuits around the globe," said President and CEO of D-BOX Technologies, Claude Mc Master.
The installation of the six Luxor theatres in Russia, one of the fastest growing cinema markets in the world, will be completed by October 2012 and include the following locations:
Multiplex Luxor Center (Moscow);
Multiplex Luxor Vegas (Moscow);
Multiplex Luxor in Sochi;
Multiplex Luxor in Ryazan at the shopping mall Bars;
Multiplex Luxor in Ryazan at the shopping mall Cruise;
Multiplex Luxor in Rostov-on-Don.
"Luxor Cinema Chain is proud to be the first theatre circuit in Russia to present this incredibly immersive movie-going experience," stated President of Luxor Group Igor Dobrovolsky. "We have followed D-BOX's success over the years and are eager to introduce the motion systems to movie fans throughout the country."
For a complete listing of theatres offering the D-BOX experience and a guide to new movies, visit www.d-box.com
About Luxor Group
Luxor Group Company was created by the professional team, which is very experienced and for many years has worked successfully in Russian film industry. One of the main activities of Luxor Group is theatres' construction and management. Luxor is the pioneer company that opened first multiplex in Russia. The Company was among the first companies which began installation of digital projectors in the cinema chain. There are about 70% of digital screens today. Skillful professionals in marketing team monitor all the new technologies in the industry, and the Company is considered to be the first that imposes the new technologies for the best service. www.luxorfilm.ru
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, 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 unmatched 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