Immersive Media Named to Deloitte Technology Fast 50 List
October 20 2009 - 5:00AM
Marketwired
Immersive Media Company (a wholly owned subsidiary of Immersive
Media Corp., www.immersivemedia.com), the world leader in
360-degree, full-motion, interactive video, today announced it has
been recognized by Deloitte & Touche LLP as among the fastest
growing Canadian-based technology companies in its 2009 rankings.
The Deloitte Technology Fast 50(TM) program is Canada's pre-eminent
technology awards program, evaluating companies based on
competitive advantage, size, growth and market attractiveness.
"Immersive Media showed its resiliency in these tough times by
increasing its revenues by 2,365 percent over the past five years,"
said Duncan Stewart, director of Deloitte Canada Research. "And
through their commitment to technology development, companies such
as Immersive are strategically positioning themselves for a
stronger and even more competitive future during the recovery."
"We are honored to be recognized by Deloitte on the success of
our market performance," said Myles McGovern, Immersive Media
president and CEO. "By continuing to introduce new technologies and
services that provide our customers with a competitive edge, we
remain focused on strengthening our industry-leading position."
Immersive Media's patented image capture and display technology
puts the viewer in the middle of the action for streaming website
videos. With a simple click and drag of a computer mouse, each
viewer can control his or her point of view, looking sideways, up
or down, or all around in 360-degrees, while also pausing or
zooming in or out of the action.
Immersive Media is the behind-the-scenes pioneer of
next-generation, interactive video technology for street view
visual mapping and situational awareness for military and public
safety applications. The company has expanded its interactive video
into advertising, entertainment and product marketing campaigns for
such brands as Red Bull, Mercedes-Benz, Adidas, the NBA and Armani.
Entertainment industry veteran Larry Logan was recently tapped as
chief marketing officer as the company bolsters its production and
post-production capabilities.
Immersive Media's "spherical storytelling" videos added a new
dimension to Microsoft's recent launch of its Xbox Halo 3: ODST
game. The Immersive video clips appear on the Halo 3 home website,
accessible to viewers who input a secret code provided to them in
broadcast commercial and online ads. Once input, the code unlocks a
totally immersive three-dimensional experience.
About Immersive Media Company
Immersive Media Company is the pioneer and leading provider of
360-degree, full-motion, interactive video experiences. Its
one-of-a-kind geodesic camera and full production services --
including rental equipment, training, filming, post-production and
distribution options -- create high-resolution, immersive video for
a variety of uses. From mapping and exploration to monitoring and
surveillance to branding and entertainment, Immersive Media
customers and agents produce the deepest, most engaging video
experiences possible.
Immersive Media Company is a wholly owned subsidiary of
Immersive Media Corp., a public company on the TSX Venture Exchange
(TSX-V: IMC). For more information, please visit
www.immersivemedia.com.
About Deloitte Technology Fast 50
The Deloitte Technology Awards Program features four distinct
categories. To qualify for the Deloitte Technology Fast 50 ranking,
companies must have been in business for at least five years, have
revenues of at least $5 million, be headquartered in Canada, own
proprietary technology, and conduct research and development
activities in Canada. A panel of industry experts evaluate and
judge companies based on four key criteria: competitive advantage;
size, growth, and market attractiveness; management effectiveness
and organization; and financial performance. Program sponsors
include Deloitte, Gowlings, GrowthWorks, RBC Capital Markets,
Wellington Financial, Stonewood Group, CATAAlliance and IGLOO.
© 2009 Immersive Media Corp. All rights reserved. All other
trademarks are the property of their respective owners.
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CONTACT: David G. Anderson Investor Relations Tel: (866)
333-8817 Barbara Hagin Media Relations Tel: (415) 358-2484 Email
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