Tag Archives: Barco

Future IMAX Theaters To Be Exclusively Powered By Barco

Barco, a worldwide leader in the Digital Cinema industry, announced today that it has been selected by IMAX Corporation as the exclusive, worldwide projection technology partner for its IMAX® theaters for the next seven years. Through its selection of Barco’s Guinness World Record winning Xenon lamp-based digital projectors, IMAX will immediately enhance The IMAX Experience® in its global cinema network. In addition, IMAX theaters will benefit from a new generation of high-performance, laser-based projectors, which are expected to be deployed in 2013.

Over the years, IMAX has established its reputation as the leading provider of awe-inspiring, immersive cinema experiences. In Barco, it has found an industry acclaimed technology partner that is able to further differentiate and maximize The IMAX Experience®. In the first phase of the partnership, the parties will integrate an enhancement of Barco’s existing Xenon-based projectors for use in IMAX’s current backlog and new system signings. This solution will be available in the second half of 2012. Simultaneously, Barco and IMAX will co-develop leading-edge laser technology – benefiting from Barco’s unique laser innovations and IMAX’s licensed Kodak IP. The companies will work together exclusively to manage the transition from Xenon-based to high-performance, laser-based projectors, which are expected to be deployed in 2013.

“Being selected by IMAX as the exclusive supplier for the world’s most immersive cinema experience is a strong endorsement of our leadership in the Digital Cinema projection business,” explains Wim Buyens, Senior Vice President of Barco’s Entertainment Division. “This partnership will strengthen our position as the premium provider of state-of-the-art cinema technologies that provide the perfect match for every screen, whether small or large. What’s more, it will enable us to further ramp up our manufacturing scalability and to continue setting the standard for future technologies.”

“As we continue to expand globally, it is critical that our technology partner keeps pace with our ambitions around innovation and growth,” said IMAX Chief Business Development Officer Robert D. Lister. “Barco is that partner. A leader in advanced digital and laser technology, Barco is well-known for its quality and integrity. We believe the result of this collaboration will further differentiate The IMAX Experience® for consumers, strengthening our value proposition for studios and exhibitors.”

Todd Hoddick, Vice President for the Barco Entertainment Division in North America, adds: “We are honored to have been selected by IMAX as their worldwide and exclusive digital projection technology partner. We are both excited and committed to bring the full weight of Barco’s operational excellence, integrity and ability to deliver on the ideals of the IMAX brand. Together we are determined to redefine the immersive cinema experience.”

The agreement with IMAX underscores Barco’s commitment to offer exhibitors the most comprehensive suite of products and solutions to create a premium movie experience in their auditoriums at the lowest cost of ownership. This is exactly what has made Barco a valued technology leader, – as illustrated by its long list of industry firsts and its Guinness World Record for the brightest projector – as well as a global market leader – reflected in the company’s 40% worldwide market share, market leadership in China and a strong global customer base.

Being appointed as the exclusive supplier of projection technology for the largest screens in the industry is a new milestone for Barco’s Entertainment Division, which has a long history of providing high-quality equipment to the Advertising, Rental & Staging, Branding & Retail, Sports, Digital Cinema and Corporate AV industry. In these markets, Barco continues to innovate with a full portfolio of pioneering imaging and sound products that optimize productivity and range from compact, reliable projectors for mid-sized businesses to the most powerful projectors, LED displays and image processors for operation in a broad spectrum of entertainment venues and outdoor events.

Belgium Barco is growing in Xenia and Beyond

The Belgium-based Barco Corporation is growing business in Xenia, throughout the Dayton area, and beyond.

Barco is an international imaging technology manufacturer. The parent company is located in Belgium with a sales and manufacturing facilities is located in Xenia.

Barco reported increased net sales 9.7% and net profits 4.9% for 2007. Those figures represent net sales growth from $1.044 billion in 2006 to $1.146 billion in 2007 and growth in net profits from $423.6 million in 2006 to $444.2 million in 2007.

Barco also reported an impressive increase in earnings per share for 2007. In 2006, Barco stock was earning $4.23 per share. At the end of 2007, earnings per share was $6.79. That is an annual increase of 60.5%.

Barco Xenia specializes in the simulation and avionics market. The company’s annual report noted simulation market sales increased by 8.2%. The avionics market showed a strong growth of 12.8%. Increase in orders were driven mainly by the flight simulation and the oil & gas markets.

Barco growth benefits Xenia and Dayton area by creating new high tech markets, providing new high tech jobs, and by inspiring new business educational opportunities. Barco is a leading partner of DaytaOhio, which is housed in the Joshi Center at Wright State University. It is a world class center established to connect innovators, entrepreneurs and investors, to accelerate commercialization of data intensive technologies, and to leverage world class research, processes, and infrastructure driving new prosperity from business creation, investment and job growth in Ohio.

Ken Berta, Executive Vice President of DaytaOhio, said the following about Barco,

“We insisted on teaming up with the leading player in this field. To us, Barco is the Rolls Royce of visualization. Its broad product offering, innovative solutions and high-quality equipment
are beyond compare.

In January, Barco announced it had developed a sophisticated multi-user solution for Dayton’s Wright Brothers Institute (WBI). Utilizing the power of Barco’s network-centric iCon H600 projector, collaboratory researchers at the WBI’s Tec^Edge already use making advanced presentations and for elaborate group discussions. The Tec^Edge facility has also hosted workshops in which small groups share a week’s worth of research in a cross-comparative fashion for group feedback. The end result is an environment ripe for team-based problem-solving.