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Ballantyne Strong to Deliver 66 Digital Projection Systems to Leading Exhibitors
March 18, 2010
With each projector, Ballantyne Strong will provide high-gain “silver” screens required for 3D projection, and its service group will install over half of the projection systems. The installations are expected to be completed in the first and second quarters of calendar 2010.
Funding for the projectors was completed via Digital Link II, LLC (Digital Link II), an entity formed by RealD and Ballantyne in which Ballantyne has a 44% stake. NEC Finance provided debt financing to Digital Link II to fund the projector deployment. Ballantyne and RealD each provide guarantees for the debt based on their respective ownership in Digital Link II. The cinema screen sales are outside of the Digital Link II facility.
John P. Wilmers, Ballantyne’s CEO, commented, “We are pleased to again team with RealD to expand the digital and 3D footprints of these important, long-term customers. It is particularly gratifying given these exhibitors’ satisfaction with systems we have previously provided to them.”
Ballantyne Strong to Deliver 66 Digital Projection Systems to Leading Exhibitors
March 18, 2010
With each projector, Ballantyne Strong will provide high-gain “silver” screens required for 3D projection, and its service group will install over half of the projection systems. The installations are expected to be completed in the first and second quarters of calendar 2010.
Funding for the projectors was completed via Digital Link II, LLC (Digital Link II), an entity formed by RealD and Ballantyne in which Ballantyne has a 44% stake. NEC Finance provided debt financing to Digital Link II to fund the projector deployment. Ballantyne and RealD each provide guarantees for the debt based on their respective ownership in Digital Link II. The cinema screen sales are outside of the Digital Link II facility.
John P. Wilmers, Ballantyne’s CEO, commented, “We are pleased to again team with RealD to expand the digital and 3D footprints of these important, long-term customers. It is particularly gratifying given these exhibitors’ satisfaction with systems we have previously provided to them.”
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