ISEE3D ENTERS INTO 3D DISPLAY PURCHASE AGREEMENT
Montreal, QC, Canada - March 23, 2010 - ISee3D Inc. ("ISee3D") (TSX-V: ICT) announced today it has entered into an agreement with Stereo Vision Systems, Inc., of Ithaca, New York ("SVS") to purchase a Philips WOWZone Video Wall System, with all accompanying displays, computers, hardware, power supply and router, and including delivery and installation at its head offices in Montreal.
The purchase price is $200,000, which will be settled through the issuance of common shares of Isee3D Inc., at a deemed price of $0.49 per share. The acquisition and the share issuance are subject to the prior written approval of by the TSX Venture Exchange. The shares are also subject to a hold period of four months and one day from the date of issuance.
The Phillips 3D WOWZone is a large 132 inch multi-screen glassless 3D display wall.
Dwight Romanica, CEO, commented, "This is a unique display technology with stunning 3D without the use of special glasses. The viewer becomes part of the 3D experience due to its sheer size and impressive 3D effects. It will be excellent for displaying the full advantages of Isee3D's HD 3D single lens camera system."
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About ISee3D
ISee3D is driving the universal adoption of 3D single lens capture – from consumers and Hollywood to health care and military. The company is introducing the first commercially feasible single lens, single camera 3D capture technology. Scalable in size from one mm in diameter to more than 250 mm, the patented technology can be applied across many devices. Through its patented optical switch technologies, ISee3D continues to aggressively pursue the best in 3D innovation to ensure an immersive 3D viewing experience, rather than the traditional two lenses or 2D conversion approaches that are the current standard. The company is headquartered in Vancouver with offices in Toronto.
Corporate Contact
Tom Dalrymple, Chief Operating Officer
ISee3D Inc.
Office: 416-848-6353
tdalrymple@isee3d.com |