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International Datacasting Corporation: International Datacasting Corporation Announces Changes to Board of Directors

^{Published on 2009-09-10 13:53:39 - Market Wire}
 

OTTAWA, ONTARIO--(Marketwire - Sept. 10, 2009) - International Datacasting Corporation (TSX:IDC) a global leader in providing advanced solutions for the distribution of broadband multimedia content via satellite, announced today that Denis Colbourne has been named Chairman of the Board of Directors, replacing Dr. Peter Scovell, who will continue to serve as a Director of the Board. In addition, Del Lippert has joined the Company's Board of Directors, following the resignation of Mark Norton.

"Denis Colbourne is a valued member of the IDC Board, and we are pleased to have him taking on the role of Chairman," said Dr. Peter Scovell, former Chairman of the Board. "His strong operational background is a key asset to the Company, even more so now with the recent acquisition of the Tiernan product lines, as we enter a new era and increasingly work to implement systems, processes and strategies to support a broader suite of product offerings, larger customer base and a higher number of sales and customer support offices."

"I would like to welcome Del Lippert to the Board," said Denis Colbourne, in-coming Chairman of the Board of Directors. "We look forward to leveraging his many years of successful business experience running high-growth companies, as we lead IDC into the next phase of its development. In addition, I look forward to continuing to work with Dr. Scovell, as this move frees him up to increase his focus on the Company's long-term acquisitive growth strategy. I would also like to thank Mark Norton for his many years of dedicated service to IDC. We wish him success in his future endeavors."

The appointments of Mr. Colbourne and Mr. Lippert have been approved by the IDC Board of Directors and are effective immediately. Mr. Colbourne also currently serves as the Chair of IDC's Audit Committee, and he will continue to do so until the Board selects a replacement.

About Denis Colbourne

Mr. Colbourne, who has been a member of the IDC Board since 2003, is the President of DC Technologies Ltd., a business management and technology consulting company. Prior to joining DC Technologies in 1998, Mr. Colbourne was Vice President and General Manager of Nortel Semiconductors. He also previously served as Chairman of Shanghai Nortel Semiconductor (SNS), a Nortel joint venture based in Shanghai, PRC. Mr. Colbourne is currently a member of the board of several technology companies, including Chairman of Opel, Inc. He is a member of the advisory boards of Spectalis Inc., Avalon Micro Inc. and the National Research Council's Canadian Photonics Fabrication Centre. He has also served as a member of the Board of Governors for the Ottawa Hospital.

About Dr. Peter Scovell

Dr. Scovell is the President and founder of Newlyn Technologies Ltd., a technology consulting firm. Prior to founding Newlyn, Dr. Scovell was the Chief Executive Officer of Zenastra Photonics Inc., a fibre-optics company. Throughout his career, Dr. Scovell has also held various senior roles at COM DEV International, Nortel Networks and Bell Northern Research. Dr. Scovell currently serves on the Boards of several technology companies in North America, including COM DEV International.

About Del Lippert

Mr. Lippert has more than 40 years of successful management experience, spanning a variety of technology firms across North America which included Digital Equipment Corporation and a high growth cellular telephone company. Most recently, Mr. Lippert was President and CEO of Med-Eng Systems. Before joining Med-Eng, Mr. Lippert served as President of Commercial Electronics Companies for U.S.-based, Raytheon, a group of companies that had sales in excess of US$850 million and included Raytheon Marine Consumer Products, Raytheon High Seas Commercial Marine Products, ELCAN Optical technologies, Crosspan Network Access technologies, Raytheon Liquid Carbon Dioxide Cleaning Systems, Raytheon Thermal Imaging, Raytheon RF Components, Raytheon Microelectronicss Espana, S.A. and Raytheon Professional Services.

About International Datacasting Corporation (IDC)

International Datacasting Corporation (TSX:IDC) is a global leader in providing IP-based datacasting solutions for the distribution of broadband multimedia content. IDC has a broad portfolio of advanced technology products marketed under the names SuperFlex, Datacast XD, Tiernan and PROFLine for implementing a wide range of satellite and other broadband content contribution and distribution networks. IDC's products are in demand for radio and television broadcast networks, distance learning, digital signage, digital cinema, IPTV distribution and other content distribution applications. IDC is headquartered in Ottawa, Canada, operates in Europe through its wholly owned subsidiary PROFline B.V. in Arnhem, the Netherlands, and in the US through its Tiernan operations in San Diego, California. The Company is international in scope, with installations in more than 100 countries worldwide, regional sales and service offices in the UK, Australia, Singapore and China and an established international network of value-added partners and distributors.

This press release contains forward-looking statements that may involve risks and uncertainties. Actual results may differ materially. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with IDC's growth, any difficulties with integrating the Tiernan product lines into IDC's business and/or manufacturing procedures, the development of the satellite datacasting market, regulatory risks, intellectual property infringement and other factors. IDC assumes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof. 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.