IMAX To Repurchase Up To $150 Mln Of Shares - Quick Facts

(RTTNews) - IMAX Corp. (IMAX, IMX.TO) announced that its board has authorized the repurchase of up to $150 million of its common shares. The share repurchase program has a 3 year expiration date.

In a separate press release, IMAX announced an agreement for Necsel to be the exclusive worldwide provider of specified lasers for IMAX's laser projection systems. IMAX's laser projection technology will enable exhibitors to deliver a wide array of digital content - including documentaries and blockbuster films - and further enhance The IMAX Experience for audiences.

Necsel manufactures customer-specific laser lighting solutions for digital projection and other lighting applications. Necsel's patented technology comprises red, green and blue visible lasers and laser systems that meet critical performance, size and cost requirements for laser cinema projection and a host of specialty lighting uses. Necsel technology will enable the commercial rollout of next-generation digital cinema, large-venue projection, laser-based simulation systems and other forms of lighting.