Ballantyne Expands Cinema Screen Systems Manufacturing Capabilities to Meet Continued Strong Industry Demand
May 27 2009 - 8:13AM
Business Wire
Ballantyne of Omaha, Inc. (NYSE Amex: BTN), a provider of cinema
equipment and services, today outlined investments it is making to
expand its cinema screen manufacturing capacity at its Strong/MDI
Screen Systems, Inc. subsidiary, based in Joliette, Quebec, Canada.
The expansion effort, which began in the latter half of 2008 and
will continue through 2009, is focused on expanding plant capacity
and productivity, as well as improving production methods to
further enhance screen quality. With the conclusion of the plant
expansion program, Strong/MDI expects it will have tripled its
production capacity.
Chris D. Stark, Vice President of Strong/MDI, commented, �With
the rapid growth in 3-D and large-format cinema programming, we
have been experiencing a substantial increase in demand for the
specialty screens these formats require. With over 30 years in the
cinema screen business, Strong/MDI has developed a
state-of-the-art, innovative line of products that are well
respected within the cinema industry. To remain at the cutting edge
of technology, quality and service to meet the demands of digital
cinema, we have been making investments in personnel, facilities
and equipment. These investments should position us well to
maintain our leadership position in the anticipated growth in our
industry.�
Since its purchase in October 2007, the Strong/MDI facility has
undergone a major upgrade program to better support a variety of
cinema screen production activities including specialty �silver�
and large-format screens which are experiencing strong industry
demand. The plant is currently in the final stages of implementing
a U.S. $600,000 capital improvement project to include the addition
of perforating equipment, PVC welders and enhanced painting
technology. In addition, the plant is adding to its humidity and
temperature control capabilities to provide unparalleled quality
control tied to its manufacturing process. Strong/MDI has also
substantially increased its painting capacity in the past year and
these final enhancements, coupled with staff additions, will
further increase overall painting capacity.
About Ballantyne of Omaha
Ballantyne is a provider of motion picture projection, digital
cinema projection, cinema screen technology and specialty lighting
equipment and services. The Company supplies major theater chains,
top arenas, television and motion picture production studios, theme
parks and architectural sites around the world. For more
information visit www.ballantyne-omaha.com.
Except for the historical information in this press release, it
includes forward-looking statements that involve risks and
uncertainties, including but not limited to, quarterly fluctuations
in results; customer demand for the Company�s products; the
development of new technology for alternate means of motion picture
presentation; domestic and international economic conditions; the
management of growth; and other risks detailed from time to time in
the Company�s Securities and Exchange Commission filings. Actual
results may differ materially from management�s expectations.
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