(Ottawa, Ontario--May 28, 2013) International Datacasting Corporation (TSX: IDC) (“IDC” or the “Corporation”) today announced that new President and CEO Doug Lowther has been appointed to the Corporation’s Board of Directors. Mr. Lowther became President and CEO of IDC on May 13th and was appointed to the Board on May 17th.
“We view Doug’s appointment to the Board as a major step in the development of IDC as a technology provider to broadcasters,” said Del Lippert, Chairman of the Board at IDC. “As demonstrated by our innovative products like LASERTM Targeted Ad Insertion Platform and STAR Pro AudioTM Solution, we’re committed to the success of this dynamic community. Doug’s extensive background and expertise in this market will provide critical guidance as IDC works toward becoming prominent company at the forefront of technological advances within the broadcast industry,” continued Mr. Lippert.
Mr. Lowther was most recently Executive Vice-President at Irdeto, a leading global supplier of Digital TV technology and services. He has extensive experience developing and executing successful business growth strategies in the fields of digital television, wireless networking, IP-based services and software security. He started with Irdeto as Vice President of Marketing in 2004 and during the next several years led the creation of a product portfolio that achieved substantial revenue growth. More recently, Mr. Lowther was responsible for Irdeto’s business with Pay TV operators worldwide.
His previous positions include several executive roles with Nortel Networks, where he was Vice President and General Manager of Wireless Applications and the Vice President of Strategic Marketing. He began his career building network planning and operations systems for telecom operators.
Mr. Lowther said, “I look forward to working with IDC’s Board members, employees and partners towards elevating the company’s profile, expanding into previously untapped markets, and significantly increasing our overall business.”
About International Datacasting Corporation:
International Datacasting Corporation (TSX: IDC) is a global leader in digital content distribution for the world’s premiere broadcasters in radio, television, data and digital cinema. IDC offers a broad portfolio of advanced solutions including the STAR Pro Audio solution, LASER targeted ad insertion platform, and the Digital Tattoo DTH over IP gateway. The Corporation’s products and solutions are in demand for radio and television networks, targeted ad insertion, digital cinema, 3D live events, satellite news gathering, sports contribution, VOD, and IPTV. IDC is headquartered in Ottawa, Canada, with regional offices in Arnhem, the Netherlands and in San Diego, California. IDC has installations in over 100 countries and service offices in Thailand and Singapore, with an international network of value-added partners and resellers. For more information visit: http://www.datacast.com
This press release contains forward-looking statements reflecting IDC’s objectives, estimates and expectations that may involve risks and uncertainties, including statements about expected revenue impacts and growth opportunities. IDC's actual results, performance, achievements and developments may differ materially from the results, performance, achievements or developments expressed or implied by such statements. Factors that might cause actual results to differ materially include, but are not limited to, competitive developments; risks associated with IDC’s growth; integration of new personnel; receipt of applicable regulatory approvals; any difficulties with integrating acquired product lines into IDC’s business and/or manufacturing procedures; any difficulties or disputes with IDC’s subcontractors, contract manufacturers and suppliers; IDC's dependence on the development and growth of the satellite datacasting market; a lengthy and variable sales cycle for IDC's products and services; IDC’s reliance on a small number of customers for a large percentage of its revenue; regulatory risks and intellectual property infringement. IDC assumes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof, except as expressly required by applicable law. Forward-looking statements are provided to assist external stakeholders in understanding IDC’s expectations as at the date of this release and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on such statements. More detailed information about potential factors that could affect IDC’s financial and business results is included in the public documents IDC files from time to time with Canadian securities regulatory authorities and which are available on SEDAR at http://www.sedar.com, including, without limitation, IDC’s Annual Information Form dated April 30, 2013 and IDC’s Management’s Discussion and Analysis for the year ended January 31, 2013.