LOS ANGELES, CA--(Marketwire -07/12/12)- Writers Group Film Corp. (WRIT) announced Thursday that its wholly-owned subsidiary, Front Row Networks, Inc., a Los Angeles-based concert production, financing, and distribution company, reached an agreement with SENSIO Technologies Inc. (SENSIO), a Montreal-based 3D technology company to bring Live 3D events to cinemas.
SENSIO is a pioneer in 3D-image processing with its award-winning technology, SENSIO® Hi-Fi 3D. Beginning in 1999, founders Nicholas Routhier and Richard LaBerge, envisioned a 3D viewing experience that would be as close to reality as possible, and since then, they have been working to bring 3D to everyone, accessible everywhere. By 2009, they had supplied the technology for the first ever live 3D event -- Fox Sports' 2009 BCS Bowl -- and subsequently brought the various stakeholders together in the SENSIO® 3D Live -- a global team working together to make non-movie 3D content available around the world, including such prestigious events as the 2010 FIFA World Cup™ and the 2011 NBA All-Star and final of the NBA the same year. SENSIO today reaches more than 800 screens worldwide for Live 3D events.
Richard LaBerge, founder and Executive Vice-President of SENSIO, said, "We truly value Front Row's commitment to 3D, and this association will allow us to bring exciting new content to the U.S., a strategic market for SENSIO. Also, the events that will be produced with this agreement will be ideal for our upcoming VoD service, 3DGO!. We look forward to working with the innovative team at Front Row and we are very excited to be their alternative content distribution partner."
"SENSIO is a recognized leader in Live 3D. They know how to make events successful. This agreement adds another strong distribution partner to Front Row's platform and increases the potential revenue stream for our future products by adding the additional element of downstream VoD revenue to our distribution network. SENSIO is the leader in this space and is the ideal partner for us," said Eric Mitchell, CFO of Front Row Networks.
Cautionary Note Regarding Forward-Looking Statements
Statements in this press release regarding the company's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. The company wishes to caution readers not to place undue reliance on such forward-looking statements and as such, speak only as of the date made. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, but not limited to, those discussed in the Company's latest 10-Q filed February 14, 2012.
About SENSIO Technologies Inc. (SENSIO)
SENSIO Technologies Inc. (www.sensio.tv) has been leading the floor in bringing 3D video to the consumer since 1999. Its vision, expertise and state-of-the-art solutions, based on diversified stereoscopic image-processing technologies, have been trusted by some of the biggest names in the media and entertainment industries to power numerous industry firsts, initiate new business models and generate immediate revenue with a distinctive 3D offering.
SENSIO enables its clients to deliver the best possible 3D experience for the end-user through a broad portfolio of products, including its flagship, award-winning technology, SENSIO® Hi-Fi 3D. Through SENSIO solutions, consumers can access -- with effortless interaction and complete peace of mind -- 3D content of superior quality to common frame-compatible formats distributed over existing infrastructure (cable, satellite or over IP) and displayed using any existing digital equipment (cinema, home cinema, TV, game consoles or PC). SENSIO is listed on the Toronto TSX Venture Exchange.
SENSIO® is a registered trademark of SENSIO Technologies Inc.
This news release contains forward-looking statements that reflect the company's expectations with regard to future events. Actual events could differ significantly from those anticipated in this document.
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