Follow-On Contract in Excess of $1 Million US for Worldwide Satellite Network
Ottawa, ON – International Datacasting Corporation (TSX: IDC) (“IDC” or the “Corporation”) announces a contract to support the U.S. Government, valued in excess of USD $1Million, for the expansion of its worldwide satellite broadcast network.
The contract includes the selection of additional SuperFlex Pro Data receiver/routers for a centralized broadcast network that distributes encrypted data files and live streams to remote U.S. government agencies throughout the world.
This order was based upon the customer’s previous experience with IDC receivers as robust and highly reliable units for its mission-critical communications. This solution enables the U.S. Government to optimize and expand its distribution network to additional global agencies.
“Currently, no other receiver provides this type of decryption,” said Del Lippert, Chairman of the Board and Interim CEO at IDC. “The security and reliability of this receiver is evidenced by its continued deployment at installations like this where a system simply cannot fail.”
The receivers provide a highly secure and reliable network to deliver live streams and file-based programming to a large worldwide network of remote sites. This fully integrated solution allows for the reception of IP content over satellite via a secure, encrypted link and seamless distribution into the local LAN. As part of its SuperFlex networking solution, IDC provides end-to-end secure networks to its global customer base.
About International Datacasting Corporation:
International Datacasting Corporation (TSX: IDC) is a global leader in digital content distribution for the world’s premiere broadcasters in radio, television, data and digital cinema. IDC offers a broad portfolio of advanced solutions including the STAR Pro Audio solution, LASERTM Targeted Ad Insertion platform, and the Digital TattooTM DTH Over IP Gateway. The company’s products and solutions are in demand for radio and television networks, targeted ad insertion, digital cinema, 3D live events, satellite news gathering, sports contribution, VOD, and IPTV. IDC is headquartered in Ottawa, Canada, with regional offices in Arnhem, the Netherlands and in San Diego, California. The company has installations in over 100 countries and service offices in Thailand and Singapore, and an international network of value-added partners and resellers. For more information visit: www.datacast.com.
This press release contains certain information that may constitute “forward-looking information” and/or “forward-looking statements” within the meaning of applicable Canadian securities laws. All forward-looking information and forward-looking statements are necessarily based on a number of estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies. All statements other than statements which are reporting results as well as statements of historical fact are forward-looking statements that may involve a number of known and unknown risks, uncertainties and other factors; many of which are beyond the ability of IDC to control or predict.
Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan or “project” or the negative of these words or other variations on these words or comparable terminology. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Risk factors that might cause actual results to differ materially include, but are not limited to: competitive developments; risks associated with IDC’s growth; expectations regarding new product initiatives and timing, including the STAR Pro Audio solution, LASER™ Targeted Ad Insertion Platform and Digital TattooTM DTH Over IP Gateway; 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 services 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; expectations with respect to the sufficiency of its financial resources and liquidity; regulatory risks and intellectual property infringement.
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.
Except as expressly required by applicable law, we undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. 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.