Technicolor to Collaborate With LG Electronics on Next-Generation Ultra HD and HDR VideoStrategic Initiatives Build on UHD Alliance ‘Ultra HD Premium’ Specs
By: Technicolor PARIS - Jan. 4, 2016 - PRLog -- Technicolor (Euronext Paris: TCH, OTCQX- TCLRY) today announced a new strategic initiative with LG Electronics to collaborate on delivering new content experiences to the home that meet the new UHD Alliance content and display specifications and push the boundaries of video imaging.
“This is a powerful joint initiative. Technicolor brings a thorough expertise in imaging acquired since its inception with the creation of color for cinema, extensive Hollywood relationships and production facilities around the world. This complements LG’s leadership in bringing innovative technologies – like OLED 4K TVs optimized for displaying HDR – to homes and to premium content creators,” said Dr. Nandhu Nandhakumar, senior vice president, LG Technology Center of America. The companies already work together closely on these issues as fellow board members of the UHD Alliance. This announcement builds on their existing collaboration and marks a commitment to intensify their joint efforts in 2016 and beyond. Early elements of the expanded Technicolor- “Since the invention of color film, Technicolor has stood for lustrous, clear, beautiful images. A partnership between Technicolor and LG’s OLED technology will bring the magic of my movies to the home as they were meant to be experienced,” Also at CES 2016, LG’s booth will showcase Technicolor- Looking ahead, LG and Technicolor intend to expand their alliance to: • Optimize Technicolor’ • Ensure new LG OLED TVs meet the high quality standards of the creative content community and can serve as Technicolor’ • Integrate LG OLED TVs into Technicolor’ “LG and Technicolor are collaborating to extend the wonder of next-generation video experiences to more consumers by focusing on excellence in each stage of the delivery chain — from content creation to distribution and rendering the very best images on the very best displays,” said Mark Turner, Technicolor’ ### About Technicolor Technicolor, a worldwide technology leader in the media and entertainment sector, is at the forefront of digital innovation. Our world class research and innovation laboratories enable us to lead the market in delivering advanced video services to content creators and distributors. We also benefit from an extensive intellectual property portfolio focused on imaging and sound technologies. Our commitment: supporting the delivery of exciting new experiences for consumers in theaters, homes and on-the-go. www.technicolor.com – Follow us: @Technicolor – linkedin.com/ Technicolor shares are on the NYSE Euronext Paris exchange (TCH) and traded in the USA on the OTCQX marketplace . Media Contact: Lane Cooper: +1 415 646 6592 lane.cooper@ Investor Relations: Emilie Megel: +33 1 41 86 61 48 emilie.megel@ Laurent Sfaxi: +33 1 41 86 58 83 laurent.sfaxi@ End
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