27.01.02
IMAX Signs Agreement with Smithsonian for a Third IMAX System |
(Toronto, January 2002) - IMAX Corporation (Nasdaq: IMAX; TSE: IMX) has announced that the Smithsonian Institution has expanded its commitment to The IMAX Experience(R), adding a third IMAX theatre to be located at the new Air and Space Museum's Steven F. Udvar-Hazy Center in Dulles, Virginia. In addition, the Smithsonian will upgrade its first IMAX theatre at the National Air and Space Museum to an IMAX 3D system. The theatre is among the top performing IMAX theatres in the world.
"We are very excited to expand our relationship with the Smithsonian because of its prestige, its commitment to excellence and its extremely strong history of operating IMAX theatres," said IMAX co-CEOs Richard L. Gelfond and Bradley J. Wechsler. "The Smithsonian has traditionally played a leadership role in the institutional community and we are delighted with its continued commitment to IMAX. This announcement is particularly exciting given the upcoming release of our first ever 3D space film SPACE STATION 3D."
The Smithsonian National Air and Space Museum's (NASM) Langley Theatre opened in 1976, and is one of the most highly attended IMAX theatres in the world. IMAX has worked very closely with the Museum and other key partners such as Lockheed Martin, in the production of space-oriented films. Together, the partners have made valuable contributions to public education through the production of such IMAX space films as: "The Dream Is Alive," "Blue Planet," "Destiny In Space," and "Mission To MIR." The Smithsonian also has the Samuel C. Johnson IMAX 3D Theater at the National Museum of Natural History. These theatres are operated by the Smithsonian's Business Ventures division.
The Steven F. Udvar-Hazy Center, to be located at Washington Dulles International Airport, will be a 10-story attraction housing more than 200 aircraft and scores of space artifacts. It will also include classrooms, a visitor orientation center, stores, restaurants, and an observation tower. It is scheduled to open in December, 2003, to coincide with the Centennial of the Wright Brothers' historic flight.
More information on the Company can be found at www.imax.com.
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