EVS acquires OpenCube Technologies, a specialis...
Liège - Belgium, April 6, 2010, EVS Broadcast Equipment S.A. (Euronext
Bruxelles: EVS.BR, Bloomberg: EVS BB, Reuters: EVS.BR), (Pinksheets: EVBEF), the
leader in Professional Digital Video applications for live and studio TV
production, today announced the acquisition of the French company OpenCube
Technologies, specialist of technology solutions relating to MXF media.
This acquisition reinforces the expertise of EVS in the segment of the
production and postproduction studios. OpenCube, founded in 2003 in Toulouse
(France), is one of the world specialists of the MXF wrapping format, which has
become a standard in the industry. The Opencube team includes approximately 15
people, mainly development engineers and operational experts, who acquired a
solid reputation thanks to their expertise in open solutions for video file
management in complex workflows. The MXF format (Material eXchange Format) is a
wrapping format for professional video and audio media, defined by SMPTE
standards.
Pierre L'Hoest, CEO of EVS, declared: "We have been working closely with
OpenCube over the last few years, and we were very attentive to the evolution of
their MXF software solutions, and more recently to the adoption by the market of
their server designed for production ingest. The complementary nature of our
technologies, but also the broadcast and IT know-how of OpenCube, were decisive
in the integration of the company within our group, and will allow us to offer
more comprehensive solutions to the market, while maintaining our unmatched
quality service."
Benoit Février, Founder and CEO of OpenCube Technologies, said: "After 6 years
of foundation and growth, it was appropriate for our products, including MXF
products, to incorporate a wider range and especially to benefit from a global
distribution channel. EVS is a natural choice given its leading position in
niche markets. The accelerated replacement of tape-based workflows by
infrastructures associated with computer software applications and the rapid
adoption of HD in Europe motivated us to join EVS. The innovative strength of
OpenCube, now combined with EVS, a performing group, will help EVS to become a
market leader in production studios, and also to open new markets within
post-production studios."
OpenCube Technologies sales amounted to EUR 1.4 million in 2009, a continued
growth since its creation, and will be 100% consolidated as from April 1, 2010.
The two companies will present their latest developments and solutions during
the NAB trade show in Las Vegas, between April 12 and April 15: EVS Central Hall
C9508 / OpenCube South Upper Hall SU6807
Corporate Calendar:
April 10-15, 2010Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NAB tradeshow, Las Vegas
Tuesday May 11, 2010Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 1Q10 results
Tuesday May 18, 2010Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Combined Ordinary and Extraordinary
General Meeting
Monday June 7, 2010Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Postponed Extraordinary General
Meeting
Thursday July 15, 2010Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Trading update on 2Q10 revenue
Thursday August 26, 2010Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 2Q10 results
For more information, please contact:
Jacques GALLOY, Director & CFO
Geoffroy d'OULTREMONT, Investor Relations & Corporate Communications Manager
EVS Broadcast Equipment S.A., Liege Science Park, 16 rue du Bois Saint-Jean,
B-4102 Ougrée (Liège), Belgium
Tel: +32 4 361 70 14. E-mail: corpcom@evs.tv <mailto:corpcom@evs.tv>;
www.evs-global.com
Forward Looking Statements
This press release contains forward-looking statements with respect to the
business, financial condition, and results of operations of EVS and its
affiliates. These statements are based on the current expectations or beliefs of
EVS's management and are subject to a number of risks and uncertainties that
could cause actual results or performance of the Company to differ materially
from those contemplated in such forward-looking statements. These risks and
uncertainties relate to changes in technology and market requirements, the
company's concentration on one industry, decline in demand for the company's
products and those of its affiliates, inability to timely develop and introduce
new technologies, products and applications, and loss of market share and
pressure on pricing resulting from competition which could cause the actual
results or performance of the company to differ materially from those
contemplated in such forward-looking statements. EVS undertakes no obligation to
publicly release any revisions to these forward-looking statements to reflect
events or circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
About EVS Group
EVS Broadcast Equipment designs, develops and markets professional digital
equipment for Television. The company employs over 275 persons in 14 countries
and sells its products to professionals of the video and audio sectors in more
than 90 countries. EVS is a public company traded on Euronext Brussels: EVS,
ISIN: BE0003820371. For more information, refer to www.evs-global.com
<
http://www.evs-global.com/>
EVS Broadcast is the world leader for Live TV Production Digital Disk Recorders
and Related Software Applications, especially in the field of sports. The
company's dedicated hardware and software suite offer a complete production
platform: live slow motion (LSM), high speed slow motion, replay only, clips
generation, quick clips editing, real-time SD/HD video files transfer, time
delay, multi-camera recording, metadata association, graphics storage and
play-out, digital transmission, multi-format ingest and play-back, audio record
& edit, webcasting, mobile phone clipping. Main software applications like the
"IP Director®" are running on the dedicated robust and flexible hardware the
"XT[2]® Platform". The world's leading broadcasters, such as NBC, BSkyB, FOX,
RTBF, RTL, NHK, CANAL+, ABC, ESPN, TF1, CCTV, PBS, CBS, BBC, ZDF, Channel One,
Channel7, RAI, TVE, NEP, MEDIAPRO, EUROMEDIA, BEXEL, ALFACAM and many others use
EVS' solutions.
EVS 41,3% affiliate XDC is the European leader for Digital Cinema technology and
services in Europe with more than 1,350 committed digital screens in 11 European
countries (Germany, Switzerland, Spain, Austria, Portugal, Belgium, The
Netherlands, Hungary, Czech Republic, Slovakia and Poland) out of which 50% have
already been deployed
About OpenCube Technologies
OpenCube Technologies is a pioneer in the field of video/IT-technology
integration, with world-class expertise in MXF development, metadata management,
and media-data interoperability. OpenCube invests heavily in R&D, constantly
creating innovative solutions, ensuring this company's position as a world-class
leader in its area of expertise - MXF and HDTV Standards. The company has some
patents to protect its specific developments. The know-how in video ingest is
today integrated in a lot of products, notably developed by TELESTREAM,
TEKTRONIX, BLUE ORDER DVS or DIGITAL RAPIDS. The company is also a partner of
Airbus Industries for embarked video applications. More information about
OpenCube Technologies can be found at: www.opencubetech.com
<
http://www.opencubetech.com/>
About MXF
MXF is a "container" or "wrapper" format which supports a number of different
streams of coded "essence", encoded with any of a variety of codecs, together
with a metadata wrapper which describes the material contained within the MXF
file. MXF has been designed to address a number of problems with
non-professional formats. MXF has full timecode and metadata support, and is
intended as a platform-agnostic stable standard for future professional video
and audio applications.MXF is today accepted by the entire broadcast industry as
the standard for media exchange in the entire chain of audiovisual content
creation. For more information :
http://en.wikipedia.org/wiki/Material_Exchange_Format
[HUG#1400591]
Press release in pdf format:
http://hugin.info/133958/R/1400591/355853.pdf