Astrotech’s Astral Images Partners with Post-Production House for Film Restoration
July 09 2018 - 7:05AM
Business Wire
Astrotech (NASDAQ: ASTC) subsidiary Astral Images – a company
that develops film-to-digital image enhancement, defect removal,
and color correction technologies – and ColorTime, LLC, a
post-production house specializing in media content creation,
restoration, and distribution, today announced an agreement for
ColorTime to incorporate Astral Images’ Image Correction and
Enhancement (ICE™) software and proprietary scanner hardware into
their workflow.
“Our team is excited to partner with ColorTime as they share our
mission of enhancing the viewing experience for audiences
everywhere. We are encouraged by the tremendous support we’re
seeing from the creative community as our products continue to be
made available on a larger scale,” said Thomas B. Pickens III, CEO
of Astral Images and Astrotech.
With clients such as 20th Century Fox, Sony Pictures, NBC
Universal, and AT&T, ColorTime has performed post-production
services for major films and TV series including Arrested
Development, Modern Family, and Columbo.
Astral ICE™ will enable ColorTime to consolidate its
post-production process and keep its entire workflow in-house
– reducing costs and turnaround time substantially.
“We had a great experience using Astral ICE technology in the
past, and we’re excited to add it to the tools we offer our
clients,” said Moshe Barkat, CEO of ColorTime, LLC.
About ColorTime
ColorTime, LLC is a full-service content creation, restoration
and management company based in North Hollywood, California. For
the past two years, ColorTime has provided services to television
programs such as Modern Family, Life in Pieces and Arrested
Development as well as complete restoration in 4K HDR for the NBC
Universal classic, Columbo. For more information, visit
www.colortime2020.com.
About Astrotech
Astrotech (NASDAQ: ASTC) is an innovative science and technology
company that invents, acquires, and commercializes technological
innovations sourced from research institutions, laboratories,
universities, and internally, and then funds, manages, and builds
proprietary, scalable start-up companies for profitable divestiture
to market leaders to maximize shareholder value. Sourced from
decades of image research from IBM and Kodak laboratories,
Astral Images sells film-to-digital image enhancement,
defect removal and color correction software, as well as
post-processing services providing economically feasible conversion
of television and feature 35mm and 16mm films to the new 4K
ultra-high definition (UHD), high-dynamic range (HDR) format
necessary for the new generation of digital distribution.
1st Detect develops, manufactures, and sells
chemical analyzers for use in the security, defense, healthcare,
food and beverage, and environmental markets. Sourced from NASA’s
extensive microgravity research, Astrogenetix is applying a
fast-track, on-orbit discovery platform using the International
Space Station to develop vaccines and other therapeutics.
Demonstrating its entrepreneurial strategy, Astrotech management
sold its state-of-the-art satellite servicing operations to
Lockheed Martin in August 2014. Astrotech is headquartered in
Austin, Texas. For information, visit
www.astrotechcorp.com.
This press release contains forward-looking statements that are
made pursuant to the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks, trends, and uncertainties that
could cause actual results to be materially different from the
forward-looking statement. These factors include, but are not
limited to, whether we can successfully develop our proprietary
technologies and whether the market will accept our products and
services, as well as other risk factors and business considerations
described in the Company’s Securities and Exchange Commission
filings including the annual report on Form 10-K. Any
forward-looking statements in this document should be evaluated in
light of these important risk factors. The Company assumes no
obligation to update these forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20180709005164/en/
Astrotech CorporationCompany ContactEric Stober,
512-485-9530Chief Financial OfficerorIR ContactNicole
Conser, 512-485-9530Marketing Director
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