Company Website:
http://www.reald.com
LOS ANGELES -- (Business Wire)
RealD
Inc. (NYSE: RLD), a leading global visual technology company today
issued the following comment in response to a letter it received on
October 1, 2014 from Starboard Value LP:
RealD’s Board of Directors, in consultation with its advisors, will
carefully review and consider the unsolicited, non-binding indication of
interest from Starboard. RealD is always open to constructive
discussions about opportunities to increase stockholder value. The
Company will continue to take actions it believes are in the best
interest of all RealD stockholders.
About RealD Inc.
RealD is a leading global licensor of 3D and other visual technologies.
RealD’s extensive intellectual property portfolio is used in
applications that enable a premium viewing experience in the theater,
the home and elsewhere. RealD licenses its RealD Cinema Systems to
motion picture exhibitors that show 3D motion pictures and alternative
3D content. RealD also provides certain of its technologies and active
and passive eyewear to consumer electronics manufacturers and content
distributors and will continue to leverage its extensive intellectual
property portfolio to develop additional revenue opportunities.
RealD was founded in 2003 and has offices in Beverly Hills, California;
Boulder, Colorado; London, United Kingdom; Moscow, Russia; Shanghai,
China; Hong Kong; Tokyo, Japan; and Rio de Janeiro, Brazil. For more
information, please visit our website at www.reald.com.
Cautionary Note on Forward-Looking Statements
This press release includes forward-looking information and statements,
including but not limited to: statements concerning anticipated future
financial and operating performance; our expectations regarding demand
for and acceptance of our technologies and our ability to successfully
commercialize our technologies within a particular timeframe, if at all;
RealD’s ability to continue to derive substantial revenue from the
licensing of RealD’s 3D technologies for use in the motion picture
industry; 3D motion picture releases and conversions scheduled for
fiscal 2015 ending March 31, 2015 and beyond, their commercial success
and consumer preferences, that, in recent periods, have trended in favor
of 2D over 3D in some motion pictures in domestic and international
markets; our ability to increase our revenues and the number of
RealD-enabled screens in domestic and international markets and our
market share; our ability to supply our solutions to our customers on a
timely basis; RealD’s relationships with its exhibitor and studio
partners and the business model for 3D eyewear in North America; the
progress, timing and amount of expenses associated with RealD’s research
and development activities; market and industry growth opportunities and
trends in the market in which we operate, including growth in 3D
content; our plans, strategies and expected opportunities; the
deployment of and demand for our products and products incorporating our
technologies; competitive pressures in domestic and international cinema
markets impacting license and product revenues; and our ability to
execute and achieve anticipated savings or other benefits from our cost
reduction efforts.
These statements are based on our management’s current expectations and
beliefs, as well as a number of assumptions concerning future events.
Such forward-looking statements are subject to known and unknown risks,
uncertainties, assumptions and other important factors, many of which
are outside our management’s control that could cause actual results to
differ materially from the results discussed in the forward-looking
statements. RealD’s Annual Report on Form 10-K for the twelve months
ended March 31, 2014 and other documents filed with the SEC include a
more detailed discussion of the risks and uncertainties that may cause
actual results to differ materially from the results discussed in the
forward-looking statements.
RealD undertakes no obligation to update publicly the information
contained in this press release, or any forward-looking statements, to
reflect new information, events or circumstances after the date they
were made, or to reflect the occurrence of unanticipated events.
Contacts:
Investor Contact:
For RealD
Andrew Greenebaum / Laura
Bainbridge
310-829-5400
investors@reald.com
or
Media
Contacts:
RealD
Rick Heineman, 310-339-9347
rheineman@reald.com
or
Joele
Frank, Wilkinson Brimmer Katcher
Matthew Sherman / Michael Freitag
/ Mahmoud Siddig
212-355-4449
Source: RealD Inc.
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