MORRISTOWN, N.J. – December 12, 2005 - In another digital cinema technology “first,” Access Integrated Technologies, Inc. (“AccessIT”) (AMEX: AIX), in cooperation with The Walt Disney Studios (“Disney”) and media player hardware provider Doremi Labs, Inc., said today, it has premiered Disney’s and Walden Media’s “The Chronicles of Narnia: The Lion, The Witch and the Wardrobe” at its Pavilion Digital Showcase Theatre in JPEG2000 compression format as provided for in DCI specifications. The Pavilion Theatre is the first, and to date, the only movie theatre equipped to show digital movies to paying audiences utilizing this advanced technology standard. By December 31, 2005, an additional 150 digital cinema systems currently being installed by Christie/AIX, a subsidiary of AccessIT, with regional theatre chains under its 4,000-screen rollout plan will be JPEG2000-capable. Disney’s “Narnia” was released nationally December 9th in both analog and digital versions.
“Today, thanks to the efforts of the talented team at AccessIT, we have been able to achieve a significant digital cinema milestone, the presentation of a full-length movie to audiences in compliance with the compression standards created by the industry’s Digital Cinema Initiatives. AccessIT’s technology leadership, operating digital cinema equipment at its Pavilion Showcase theatre, was instrumental in making this important development possible,” said Chuck Viane, president, Buena Vista Pictures Distribution, Disney’s distribution arm.
“We are pleased to play a supporting role in the effort to bring the most advanced technology to exhibitors and audiences nationwide,” said Bud Mayo, chairman and chief executive officer of AccessIT. “This presentation of Narnia, the first to use DCI specified JPEG2000 before a paying audience, is a major technological advance for everyone that has worked long and hard to see digital cinema become a reality.”
In July 2005, Digital Cinema Initiatives, LLC (DCI), a joint venture formed by Disney and the six other major studios in 2002, issued the Version 1.0 Technical Specification for digital cinema systems. Included in the Specifications was the designation of JPEG2000 as the uniform file compression format. While movies have previously been shown on 2K digital projector systems, the commercial presentation of full-length films in DCI-conforming JPEG2000 format had not been previously achieved.
AccessIT’s Pavilion Theatre features five state-of-the-art 2K DLP Cinema® digital projection systems produced by Christie Digital Systems as well as media player hardware developed by Doremi Labs, among others. Doremi’s DCP-2000 digital cinema server, like the unit deployed at the Pavilion, is the first commercially available server capable of playing DCI-JPEG2000 digital movies. It is AccessIT’s intent to include Doremi players in many of the digital system installations anticipated under its 4,000-screen rollout plan.
Russell Wintner, President and COO of AccessIT’s Digital Media Division, added: “As soon as we decided to partner with Christie in a major deployment of Digital Cinema systems, we set our goal on JPEG2000 for installations to begin this same year. Our ability to support Disney’s ambitious agenda using JPEG2000 for ‘Narnia’ marks a critical objective met by our dedicated development team and further evidence of the value of having a digital cinema showcase theatre for advancing the joint goals of our movie industry partners.”
Camille Rizko, President and CTO of Doremi Labs, Inc. added: “We have been at the forefront of JPEG2000 technology integration since its introduction. The DCP-2000 server is the culmination of our effort to provide the Digital Cinema market with the first server capable of playing digital movies with JPEG2000 compression. We are proud to participate in this historic event.
Access Integrated Technologies Inc. (AccessIT) is an industry leader in offering a fully managed storage and electronic delivery service for owners and distributors of digital content to movie heaters and other venues. Supported by its robust platform of fail-safe Internet data centers, AccessIT is able to leverage the market-leading role of its Theatrical Distribution System (TDS) with its innovative digital delivery capabilities and in-theatre management software systems to provide the highest level of technology available to enable the emerging digital cinema industry to transition from film without changing workflows. For more information on AccessIT, visit www.accessitx.com.
About The Walt Disney Studios
The Walt Disney Studios is a unit of The Walt Disney Company (NYSE: DIS) and distributes motion pictures under Walt Disney Pictures - which includes Walt Disney Feature Animation and DisneyToon Studios - Touchstone Pictures, Hollywood Pictures, Miramax Films and Dimension Films. Buena Vista International serves as the studio's international distribution arm. Buena Vista Home Entertainment and Buena Vista Home Entertainment International together distribute Disney and other film titles to the rental and sell-through home entertainment markets worldwide. Buena Vista Theatrical Productions is one of the largest producers of Broadway musicals, and the Buena Vista Music Group distributes original music and motion picture soundtracks under its four record labels: Walt Disney Records, Buena Vista Records, Hollywood Records and Lyric Street Records.
About Doremi Cinema
Doremi Cinema LLC. is a division of Doremi Labs, Inc. Doremi Labs is a leading developer and manufacturer of video disk recorders (VDR) and video servers for the professional video and audio markets. Doremi's V1 family of VDRs is a market leader with several thousand installations worldwide. Over the last three years Doremi has expended its product line outside the video server market. New products include the ORCA real-time HD MPEG2 video encoder, and the Nugget MPEG2 HD video player. The Nugget development technology together with the ORCA encoder and the JPEG2000 based V1-HD video server set in motion Doremi's entry into the Digital Cinema market and the establishment of Doremi Cinema LLC. in 2005. Today Doremi Cinema provides complete mastering and playback solutions for both the DCI-JPEG2000 standard and MXF Interop.
Safe Harbor Statement
Investors and readers are cautioned that certain statements contained in this document, as well as some statements in periodic press releases and some oral statements of AccessIT officials during presentations about AccessIT, along with AccessIT's filings with the Securities and Exchange Commission, including AccessIT's registration statements, quarterly reports on Form 10-QSB and annual report on Form 10-KSB, are "forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act''). Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects'', "anticipates'', "intends'', "plans'', “could”, “might”, "believes'', “seeks”, "estimates'' or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by AccessIT’s management, are also forward-looking statements as defined by the Act. Forward-looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties and assumptions about AccessIT, its technology, economic and market factors and the industries in which AccessIT does business, among other things. These statements are not guarantees of future performance and AccessIT undertakes no specific obligation or intention to update these statements after the date of this release.
Christie is a leader in visual solutions for world-class organizations, offering diverse applications for business, entertainment, and industry. A leading innovator in film projection since 1929 and a pioneer in digital projection systems since 1979, Christie has established a global reputation as a total service provider and the world's single source manufacturer of a variety of display technologies and solutions. Christie offers comprehensive solutions for cinema, large audience venues, control rooms, business presentations, training facilities, 3D and Virtual Reality, simulation and education as well as industrial and government environments.
For more information, visit www.christiedigital.com or contact:
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