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Wednesday, 10 January 2018

Ymagis Group Announces Bpifrance Support for EclairColor Deployment in North America

YMAGIS    

Published: 17:45 CET 10-01-2018 /GlobeNewswire /Source: YMAGIS / : MAGIS /ISIN: FR0011471291


 

 

Press Release

Paris (France) - 10 January 2018 at 5:45 pm

 

 

Ymagis Group Announces Bpifrance Support for EclairColor Deployment in North America

 

Through its Assurance Export business, Bpifrance is to contribute to the HDR EclairColor technology development budget for a four-year period

 

 

Paris (France)/10 January 2018/ Ymagis Group (FR0011471291, MAGIS, PEA-PME, TECH 40), the European specialist in digital technologies for the film industry, announces the financial support of Bpifrance Assurance Export, acting on behalf of the French State, for an overall investment budget of €6M to help accelerate the development of the EclairColor HDR solution in the United States and Canada.

 

Bpifrance will provide Ymagis Group with prospecting insurance to cover of 65% of the risks incurred up to a maximum of €1.5M annually for 4 years. This commitment will enable Ymagis Group to substantially increase EclairColor's commercial expansion and brand strategy in North America.

 

With EclairColor, Ymagis Group provides a HDR (high dynamic range) solution accessible to all cinemas, from arthouse to the largest multiplexes, enabling them to significantly improve projection quality with richer colours, greater brightness and definition, more depth of field and more density for a unique cinema experience. After starting its development a few months ago in Europe with over 120 cinema screens currently equipped and 59 feature films mastered to date, Ymagis Group will now be able to step up the development of EclairColor with new financial resources and target fast deployment on the North American continent.

 

"After financing our EclairColor technology with our own funds, the support granted by Bpifrance today marks an important stage in getting our HDR technology process adopted in North America, a key market with its 40,000 cinema screens," explains Jean Mizrahi, co-founder and Chief Executive Officer of Ymagis Group. "Thanks to a dedicated team in Los Angeles, we will be stepping up our efforts to deploy our brand and our HDR solution, working closely with Hollywood and its creative & technical teams. By creating this proximity, we will be giving EclairColor the right conditions in which to flourish, with the aim of making our technology a new standard for the motion picture industry."

 

"We are delighted to support, with the French State, Ymagis Group in this new strategic step. Enabling one of the flagship French companies in digital technologies for the film and TV industries to offer an innovative solution which significantly improves the cinema experience in a market the size of the United States is a source of pride for us," concludes Christophe Viprey, Chief Executive Officer of Bpifrance Assurance Export.

 

The list of cinemas equipped with EclairColor HDR and EclairColor-mastered films is available on the website http://www.eclaircolor.com EclairColor is a registered trademark of Ymagis Group.

 

Next press release: 5 February 2018 - Full-Year 2017 Revenue

 

ABOUT YMAGIS GROUP

Ymagis is an European leader in advanced digital technology services for the cinema industry. Founded in 2007, the Group is headquartered in Paris and has offices in 25 countries with more than 735 employees. Our core business is structured around three main units:  CinemaNext (exhibitor services: sales and field services, software solutions, customer service/NOC and consulting), Eclair (content services: post-production, theatrical delivery, digital distribution, versioning and accessibility, restoration and preservation) and Virtual Print Fee (VPF) for finance solutions. For more information, please connect to www.ymagis.com, www.cinemanext.com or www.eclair.digital

 

YMAGIS is listed on Euronext Paris and is part of the CAC Small, CAC Mid and Small and CAC All-Tradable indices.

 

ABOUT BPIFRANCE INVESTISSEMENT

Equity investment are operated by Bpifrance Investissement. Bpifrance, a subsidiary of the French state and the Caisse des Dépôts and the entrepreneurs' trusted partner, finances businesses from the seed phase to IPO, through loans, guarantees and equity investments. Bpifrance also provides operational services and strong support for innovation, export, and external growth in parnertship with Business France. Bpifrance offers to businesses a large range of financing opportunities at each key step of their development, including offers adapted to regional specificities. With its 48 regional offices (90% of decisions are made locally) Bpifrance represents a strategic tool for economic competitiveness dedicated to entrepreneurs. Bpifrance acts as a back-up for initiatives driven by the French State and the Regions to tackle 3 goals:

  • Contributing to SME's growth
  • Preparing tomorrow's competitiveness
  • Contributing to the development of a positive entrepreneur ecosystem.

With Bpifrance, businesses benefit from a powerful, efficient and close representative, to answer all their needs in terms of financing, innovation and investment. More info: @ www.bpifrance.fr  - Follow us: @bpifrance - @Bpifrancepresse

 

 

YMAGIS GROUP

Jean Firôme, CFO

Tel.: +33 (0)1 75 44 88 88

investors@ymagis.com

 

CALYPTUS

Sophie Boulila / Mathieu Calleux

Tel.: +33 (0)1 53 65 68 62

ymagis@calyptus.net

 

 

 



Ymagis Group Announces Bpifrance Support for EclairColor Deployment in



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: YMAGIS, 106 rue la Boétie, Paris FR-75008, France
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