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PARIS--(Marketwire - June 23, 2010) - Technicolor (Euronext Paris 18453; NYSE: TCH) announced today that it would open a new research lab dedicated to personalization of digitally delivered content and services in Palo Alto, California.
Creation of the new lab is consistent with the company's intention to leverage its strong positions among content creators and distributors in order to provide more innovative and engaging services to users, especially within the context of the digital home. It will also serve to enhance the company's research skills in content discovery.
The new Technicolor research lab focused on content discovery and personalization will be based in Palo Alto, California, a decision supported by the company's Scientific Advisory Board. The San Francisco Bay Area was selected for the scientific excellence of its universities, including Technicolor's established relationship with Stanford, and for the potential for interaction within the Silicon Valley technology ecosystem.
Technicolor's Scientific Advisory Board, created in 2009, consists of internationally renowned researchers as well as media and entertainment industry technical experts. Its mission is to reinforce the company's technological leadership.
The new Palo Alto lab will open during the fourth quarter of 2010.
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Technicolor is a company listed on NYSE Euronext Paris and NYSE stock exchanges, and this press release contains certain statements that constitute "forward-looking statements" within the meaning of the "safe harbor" of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the future results expressed, forecasted or implied by such forward-looking statements. For a more complete list and description of such risks and uncertainties, refer to Technicolor's filings with the U.S. Securities and Exchange Commission and its filings with the French Autorité des marchés financiers.
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About Technicolor
With more than 95 years of experience in entertainment innovation, Technicolor serves an international base of entertainment, software, and gaming customers. The company is a leading provider of production, postproduction, and distribution services to content creators and distributors. Technicolor is one of the world's largest film processors; one of the largest independent manufacturers and distributors of DVDs (including Blu-ray Disc); and a leading global supplier of set-top boxes and gateways. The company also operates an Intellectual Property and Licensing business.
For more information: [ www.technicolor.com ]
Press contacts: +33 1 41 86 53 93
[ technicolorpressoffice@technicolor.com ]
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[ investor.relations@technicolor.com ]
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