TORONTO, ONTARIO--(Marketwire - Oct. 28, 2010) - ISee3DInc. (TSX VENTURE:ICT), is pleased to announce their first revenue withthe billing of engineering fees for work with one of the fastestgrowing digital camcorder manufacturers in the world. ISee3D was chosento create a prototype, using its cutting edge design and engineeringwork to develop the next generation 3D camcorder for the manufacturer.Together, ISee3D and the client will design a consumer camcorder forcapturing 3D in real time with a single lens – avoiding the majorproblems caused by two-camera designs.
The ISee3D camcorder prototype is working, capturing 3Dimages over full focus and zoom range of the camera – something thatmost other 3D camcorders (which rely on 2 lenses) have struggled toaccomplish. By combining the client's popular camcorder and ISee3D'sbreakthrough technology, consumers will easily be able to capture theirchild's first birthday or graduation in high definition 3D using thesame single lens recording methods that they have used all of theirlife.
"We look forward to working with this client as our combinedexpertise will yield a superior 3D camcorder which allows consumers toeasily capture 3D at family events, travels, or important moments," saysDwight Romanica, CEO at ISee3D. "Our first foray into the consumerelectronics market demonstrates the strength of our technology whileshowcasing its scalability and ease of use."
ISee3D's unique single lens optical process changes the way3D is captured by eliminating issues that have inhibited the massproliferation of 3D capture. The company's technology simplifies 3Dcapture so that footage can be shot in real time and then shown rightaway – allowing consumers to relive their filmed experiences quickly andrealistically.
This marks the second major camcorder manufacturer thatISee3D has partnered with to develop a prototype enabling 3D capturethrough a single lens.
About ISee3D
ISee3D is driving the universal adoption of 3D single lenscapture – from consumers and Hollywood to health care and military. Thecompany is introducing the first commercially feasible single lens,single camera 3D capture technology. Scalable in size from one mm indiameter to more than over 250 mm, the patented technology can beapplied across many devices. Through its patented optical switchtechnology, ISee3D continues to aggressively pursue the best in 3Dinnovation to ensure an immersive 3D viewing experience, rather than thetraditional two lenses or 2D conversion approaches that are the currentstandard. The company is headquartered in Toronto with offices inVancouver, and Montreal.
Statements included in this announcement, includingstatements concerning our plans, intentions and expectations, which arenot historical in nature are intended to be, and are hereby identifiedas, "forward-looking statements" for purposes of the safe harborprovided by Section 21E of the Securities Exchange Act of 1934, asamended by the Private Securities Litigation Reform Act of 1995.Forward-looking statements may be identified by words including"anticipates", "believes", "intends", "estimates", "expects" and similarexpressions. The company cautions readers that forward-lookingstatements, including without limitation those relating to the company'sfuture operations and business prospects, are subject to certain risksand uncertainties that could cause actual results to differ materiallyfrom those indicated in the forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider(as that term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this release.