Chris Barrett, formerly the VP of Engineering for the Ottawa-based Stratford Managers, has joined International Datacasting (TSX: IDC) as its Vice President of Research & Development. IDC is a global leader in video, audio and data contribution and distribution solutions serving the worlds premier broadcasters.
Barrett has a proven track record in driving innovation and new technologies, increasing throughput and growing teams. I like to take things to the next level, he said. And Im pleased to join a dynamic company that is making great strides in new product design and development. Im particularly impressed with the complexity of the successful factory testing of the LASER targeted ad insertion platform with an international broadcaster. Im also encouraged by the progress underway with conditional access partners in Asia on two trials of IDCs Digital Tattoo DTH over IP gateway.
With Barretts addition to the IDC team, the company has gained a leader with extensive experience in engineering management, R&D and operations. He has seven awarded or pending patents for data networking technology. Prior to joining Stratford Managers, Barrett was Vice President of Engineering at Pleora Technologies where he led all R&D and operations activities. He drove a rapid increase in new product introductions and supervised changes in operations and supply chain management. As one of the first employees at Gridpoint Systems, he built a high-performance engineering team to take a new product from conception to trial-readiness. Barrett has also held engineering management roles in companies of all sizes, from start-ups to large enterprises such as Nortel, Alcatel and CIENA.
Were very pleased to have Chris Barrett join our leadership team during this time of tremendous change in the broadcast industry, said Del Lippert, Chairman of the Board and Interim CEO at IDC. Chris is a highly experienced systems architect with an extensive background in engineering management, R&D and operations. He will be leading a seasoned engineering team that has shown great dedication and commitment to the corporation.
About International Datacasting Corporation:
International Datacasting Corporation (TSX: IDC) is a global leader in digital content distribution for the worlds premiere broadcasters in radio, television, data and digital cinema. IDC offers a broad portfolio of advanced solutions including the STAR Pro Audio solution, LASER targeted ad insertion platform, and the Digital Tattoo DTH over IP gateway. The companys products and solutions are in demand for radio and television networks, targeted ad insertion, digital cinema, 3D live events, satellite news gathering, sports contribution, VOD, and IPTV. IDC is headquartered in Ottawa, Canada, with regional offices in Arnhem, the Netherlands and in San Diego, California. The company has installations in over 100 countries and service offices in Thailand and Singapore, with an international network of value-added partners and resellers. For more information visit: www.datacast.com.
This press release contains forward-looking statements reflecting IDCs objectives, estimates and expectations that may involve risks and uncertainties, including statements about expected revenue impacts. IDCs actual results, performance, achievements and developments may differ materially from the results, performance, achievements or developments expressed or implied by such statements. Factors that might cause actual results to differ materially include, but are not limited to, competitive developments; risks associated with IDCs growth; any difficulties with integrating acquired product lines into IDCs business and/or manufacturing procedures; any difficulties or disputes with IDCs subcontractors, contract manufacturers and suppliers; IDCs dependence on the development and growth of the satellite datacasting market; a lengthy and variable sales cycle for IDCs products and services; IDCs reliance on a small number of customers for a large percentage of its revenue; regulatory risks and intellectual property infringement. IDC assumes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof, except as expressly required by applicable law. Forward-looking statements are provided to assist external stakeholders in understanding IDCs expectations as at the date of this release and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on such statements. More detailed information about potential factors that could affect IDCs financial and business results is included in the public documents IDC files from time to time with Canadian securities regulatory authorities and which are available on SEDAR atwww.sedar.com, including, without limitation, IDCs Annual Information Form dated April 29, 2011.