PARIS, Jul 29 (MARKET WIRE) —
Technicolor and DIRECTV Sign Contract
Extension for Technicolor Set-Top Boxes
Technicolor’s 3D Services Enable the Launch of DIRECTV’s First 3D VOD
Service
Paris (France), July 29, 2010 – Technicolor (Euronext Paris : FR0010918292
; NYSE : TCH) today announced the signing of a three year contract
extension to provide a wide range of SD and HD set-top boxes to DIRECTV,
the world’s most popular video service. Technicolor is also the preferred
provider of 3D services, enabling the launch of DIRECTV’s first 3D VOD
service.
Since the beginning of this relationship, Technicolor has provided more
than 48 million set-top-boxes to DIRECTV. The contract extension will
allow the two companies to further develop their collaboration in new
areas such as 3D, to meet the demands of the ever-increasing number of
DIRECTV customers. DIRECTV is the first video service provider to offer a
suite of three dedicated 3D channels including n3D On Demand.
“Technicolor has been a strategic business partner for DIRECTV for over
fifteen years and has been a supplier in every set top box product
category available for DIRECTV”, said Vince Pizzica, Head of Digital
Delivery at Technicolor. “We are now supporting a significant number of
HD channels, and are ready to meet new challenges in the future, such as
greater interactivity and stereoscopic 3D services. We are honored that
DIRECTV continues to put its faith in Technicolor to support these
advanced services.”
Technicolor has been providing DIRECTV with multiple technology services
such as high performance set-top-boxes, hospitality video systems, multi-
dwelling broadcast distribution systems and aircraft video distribution
technologies. DIRECTV has a strong reputation as an innovative
broadcaster, rolling out new services including more than 160 channels of
high definition television, offering integrated DVR functionality and now
as a leader in 3D video services.
“Technicolor has consistently delivered the reliable, high quality
products we need to remain at the forefront of the industry,” said Romulo
Pontual, CTO of DIRECTV. “We look forward to continuing our relationship
and leadership position as we enter new frontiers of innovation like 3D
viewing in the home.”
Technicolor, widely recognised as one of the leading suppliers of set-top
boxes worldwide, reached the milestone of delivering 100 million digital
set-top boxes at the end of past year.
***
Technicolor is a company listed on NYSE Euronext Paris and NYSE stock
exchanges, and this press release contains certain statements that
constitute “forward-looking statements” within the meaning of the “safe
harbor” of the U.S. Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are based on management’s current expectations
and beliefs and are subject to a number of risks and uncertainties that
could cause actual results to differ materially from the future results
expressed, forecasted or implied by such forward-looking statements. For a
more complete list and description of such risks and uncertainties, refer
to Technicolor’s filings with the U.S. Securities and Exchange Commission
and its filings with the French Autorite des marches financiers.
***
About Technicolor
With more than 95 years of experience in entertainment innovation,
Technicolor serves an international base of entertainment, software, and
gaming customers. The company is a leading provider of production,
postproduction, and distribution services to content creators and
distributors. Technicolor is one of the world’s largest film processors;
one of the largest independent manufacturers and distributors of DVDs
(including Blu-ray Disc); and a leading global supplier of set-top boxes
and gateways. The company also operates an Intellectual Property and
Licensing business.
For more information: www.technicolor.com
Press contacts: +33 1 41 86 53 93
technicolorpressoffice@technicolor.com
Investor relations: +33 1 41 86 55 95
investor.relations@technicolor.com
Shareholder relations:
shareholder@technicolor.com
Industry Analyst Relations: +33 1 41 86 59 39
industryanalystrelations@technicolor.com
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