Posted on March 1, 2012
Ottawa, ON – March 1, 2012 -- International Datacasting Corporation (TSX: IDC), a global leader in digital content distribution solutions for the world’s premiere broadcasters, announces the awarding of a new contract to provide the Canadian Forces Radio and Television (CFRT) broadcast services for up to a further five year period.
This new contract replaces the existing contract which expires on March 31, 2012 and extends the service offering on similar terms for the next two years, with options for one year renewals in each of the three years thereafter at the discretion of the Canadian Forces Personnel and Family Support Services.
CFRT’s two video and four radio channels will be packaged by IDC based on Canadian programming sources to create a private and secure broadcast network. The CFRT service will be provisioned to the various deployed Canadian Forces personnel in military locations in Europe and the Middle East using MPEG video encoding and DVB satellite technology.
IDC is responsible for all aspects of programming including; negotiating rights and permissions, scheduling, recording, and managing the secure and reliable content distribution network from its Teleport in Ottawa.
“We are proud to continue this tradition with the CFRT, now in our 12thconsecutive year, of providing this valuable Teleport service to our Canadian troops serving overseas”, stated Frederick Godard, IDC President and CEO. “It is an honour to continue to serve and connect Canadians throughout the world.”
The Canadian Forces Radio and Television (CFRT) network delivers content in entertainment programming, sports and news over two television channels, English and French, as well as FM radio. IDC provides this reliable Teleport service to Canadian Forces and peacekeeping troops deployed in various regions around the globe.
About International Datacasting Corporation:
International Datacasting Corporation (TSX: IDC) is a global leader in digital content distribution over satellite for the world’s premiere broadcasters in radio, television and digital cinema. IDC offers a broad portfolio of advanced solutions including Pro Audio, Pro Video, Pro Cinema and Pro Data for implementing broadcast content contribution and distribution applications. IDC’s solutions and IDC Systems are in demand for radio and television networks, digital cinema, 3D live events, distance learning, satellite news gathering, sport contribution, digital signage, and IPTV among others. IDC is headquartered in Ottawa, Canada, with regional offices in Arnhem, the Netherlands and in San Diego, California. IDC has installations in over 100 countries and service offices in Australia, Singapore and China with an international network of value-added partners and distributors. For more information: www.datacast.com.
This press release contains forward-looking statements reflecting IDC’s objectives, estimates and expectations that may involve risks and uncertainties, including statements about the expected revenue impact of the CFRT project. IDC's actual results, performance, achievements and developments may differ materially from the results, performance, achievements or developments expressed or implied by such statements. Factors that might cause actual results to differ materially include, but are not limited to, competitive developments; risks associated with IDC’s growth; any difficulties with integrating acquired product lines into IDC’s business and/or manufacturing procedures; any difficulties or disputes with IDC’s subcontractors, contract manufacturers and suppliers; IDC's dependence on the development and growth of the satellite datacasting market; a lengthy and variable sales cycle for IDC's products and services; IDC’s reliance on a small number of customers for a large percentage of its revenue; regulatory risks and intellectual property infringement. IDC assumes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof except as expressly required by applicable law. Forward-looking statements are provided to assist external stakeholders in understanding IDC’s expectations as at the date of this release and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on such statements. More detailed information about potential factors that could affect IDC’s financial and business results is included in the public documents IDC files from time to time with Canadian securities regulatory authorities and which are available on SEDAR at www.sedar.com, including, without limitation, IDC’s Annual Information Form dated April 29, 2011.