IMAX Corporation (IMAX)

Website: www.imax.com

The Ultimate Movie Experience.

Overview

Imax Corporation (IMAX) is one of the world's leading entertainment technology companies, specializing in digital and film-based motion picture technologies. The worldwide IMAX network is among the most important and successful theatrical distribution platforms for major event Hollywood films around the globe, with IMAX theatres delivering the world's best cinematic presentations using proprietary IMAX, IMAX 3D, and IMAX DMR technology.

The IMAX Theatre Network currently consists of more than 280 IMAX affiliated theaters in 40 countries. Approximately 60 percent of the theatres are located in North America, while the remaining 40 percent are spread internationally. Roughly 50 percent of the theatres are located in institutional venues, such as museums, planetariums, and maritime centers, while the other half are part of commercial theatre complexes. More than 100 of these theatres are equipped with IMAX 3D technology.

IMAX also designs and manufactures cameras, projectors and consistently commits significant funding to ongoing research and development.

To date, more than 800 million people have enjoyed The IMAX Experience at specially designed theatres around the world.

This is an abbreviated profile and we encourage readers interested in learning more about Imax Corporation to visit the company website at www.imax.com.

IMAX Investor Highlights

• $11.6 million in ticket sales for Harry Potter and the Order of the Phoenix is an opening-week record for the company. It has now grossed over $28 million.
• Announced that "TRANSFORMERS," one of the highest grossing movies of the year, will be digitally re-mastered into IMAX's immersive format and released to IMAX theaters on September 21.
• Warner Bros. Pictures' 300: The IMAX Experience, grossed approximately $24.0 million. 
• Sony's Spider-Man 3: The IMAX Experience, has grossed over $24.2 million to date.
• Announced that it has opened a prototype theatre for its new digital projection system in Canada, and has begun testing of the IMAX digital image. The Company indicated it remains on track to debut its digital system in late 2008 to mid-2009.
• IMAX has signed joint revenue sharing agreements for five theaters: a two-theatre joint revenue sharing agreement with Regal Cinemas in the first quarter and three-theatre deal with Muvico Theaters in the second quarter. Four of those five theaters have since opened and have experienced strong early results.
• Announced it it would open another venue in China in 2010, IMAX currently operates 12 venues in China, and is set to open at least 13 more by the end of the decade.
• Announced an agreement with Art Science Cinema Distribution, the leading exhibitor in Siberia, Russia, to install an IMAX theatre in the city of Novosibirsk.
• Announced it will be releasing " I Am Legend" starring two-time Academy Award-nominated actor Will Smith and directed by Francis Lawrence in December.
• Announced that it was partnering with Paramount Pictures, Shangri-La Entertainment and Concert Productions International to release an IMAX DMR version of the Rolling Stones concert film Shine A Light, which is directed by Academy Award winning filmmaker Martin Scorsese.

Recent News and Press Releases

Dreamworks Pictures and Paramount Pictures' "TRANSFORMERS" to be Released as IMAX(R) Film September 21, 2007

IMAX Corporation Reports Second Quarter 2007 Financial Results

IMAX Signs Theater Deal in Siberia

IMAX signs theater deal in China

Harry Potter and the Order of the Phoenix Shatters More Worldwide Box Office Records During Second Week in IMAX Theaters

IMAX Corporation reports 2006 and first quarter 2007 financial results

Harry Potter and the Order of the Phoenix: An IMAX 3D experience opens with a record-smashing box office performance at IMAX Theaters

For the latest Quote and News on IMAX Click Here.

Technology

Images of unsurpassed size, clarity and impact, enhanced by a superb specially-designed six-channel, multi-speaker sound system, are projected onto giant rectangular screens, up to eight-stories high, in the case of IMAX technology and in the case of IMAX Dome theatres onto domes as large as eighty eight feet in diameter.

The IMAX projector uses film ten times larger than a conventional 35mm frame and three times bigger than a standard 70mm frame. The sheer size of a 15/70 film frame, combined with the unique IMAX projection technology, is the key to the extraordinary sharpness and clarity of 15/70 format films.

IMAX projectors are the most advanced, highest-precision and most powerful projectors ever built. The key to their superior performance and reliability is the unique "Rolling Loop" film movement. The Rolling Loop, originally invented by Ron Jones, an Australian, adapted and enhanced by IMAX, advances the film horizontally in a smooth, wave-like motion. During projection, each frame is positioned on fixed registration pins, and the film is held firmly against the rear element of the lens by a vacuum. As a result, the picture and focus steadiness are far above normal standards.

IMAX Corporation also offers extensive customer support services to filmmakers who lease IMAX cameras. The company's camera rental inventory offers 26 cameras including three compact dual-strip IMAX 3D cameras and two lightweight IMAX MK II cameras for steadicam work. The IMAX Theatre Network currently consists of more than 280 IMAX affiliated theatres in 40 countries. Approximately 60 percent of the theatres are located in North America, while the remaining 40 percent are spread internationally. Roughly 50 percent of the theatres are located in institutional venues, such as museums, planetariums, and maritime centers while the other half are part of commercial theatre complexes. More than 100 of these theatres are equipped with IMAX 3D technology. 

Contacts

IMAX Corporation
2525 Speakman Drive
Mississauga, ON L5K 1B1
Phone: 905-403-6500
Fax: 905-403-6450

SEC Filings

IMAX filings with the SEC can be found here. All Fillings are current and the Company is fully reporting.

Disclaimer

PennyReview.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. For continuing coverage of IMAX, please sign up for our free newsletter. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. The information provided in this report is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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