EVS acquires OpenCube Technologies, a specialist of MXF technology solutions

* Reuters is not responsible for the content in this press release.

Tue Apr 6, 2010 2:18am EDT

  LIEGE, BELGIUM, Apr 06 (MARKET WIRE) -- 
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 Fevrier, 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, 2010                NAB tradeshow, Las Vegas
Tuesday May 11, 2010             1Q10 results
Tuesday May 18, 2010             Combined Ordinary and Extraordinary
                                 General Meeting
Monday June  7, 2010             Postponed  Extraordinary  General Meeting
Thursday July 15, 2010           Trading update on 2Q10 revenue
Thursday August 26, 2010         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 Ougree (Liege), Belgium
Tel:  +32 4 361 70 14.  E-mail: 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

    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(R)" are running on the dedicated robust and flexible hardware the
"XT[2](R) 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

    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

    



Copyright 2010, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.