Waterloo, Ontario - DALSA Corporation (TSX: DSA), an international leader in high performance digital imaging and semiconductors, announced today that following the closure of DALSA's Woodland Hills, CA, cinema equipment rental facility and the termination or redeployment of the Digital Cinema division staff, the Company has wound down its Digital Cinema operations. Following extensive negotiations with Arnold & Richter Cine Technik GmbH ("ARRI") for the past several months, the Company has failed to reach agreement with ARRI as to acceptable terms on a definitive agreement. As a result, the Company set aside discussions with ARRI and the Company is currently pursuing other alternatives to maximize value of its Digital Cinema operations. There can be no guarantee that any of these alternatives will ultimately lead to a successful transaction.
About DALSA Corporation
DALSA is an international leader in high performance digital imaging and semiconductors with approximately 1000 employees world-wide. Established in 1980, the company designs, develops, manufactures, and markets digital imaging products and solutions, in addition to providing semiconductor products and services. DALSA's core competencies are in specialized integrated circuit and electronics technology, software, and highly engineered semiconductor wafer processing. Products and services include image sensor components (CCD and CMOS); electronic digital cameras; vision processors; image processing software; and semiconductor wafer foundry services for use in MEMS, high-voltage semiconductors, image sensors and mixed-signal CMOS chips. DALSA is listed on the Toronto Stock Exchange under the symbol "DSA" and has its corporate offices in Waterloo, Ontario, Canada.
For more information, please contact:
Vice-President, Corporate Communications
519-886-6001, ext. 2177
Some of the statements in this press release, including those relating to the company's strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, are forward-looking statements within the meaning of securities law. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements are detailed from time to time in DALSA's periodic reports filed with the Ontario Securities Commission and other regulatory authorities. Investors should read review the Business Risks and Prospects sections of the DALSA 2007 annual Management's Discussion and Analysis ("MD&A") to understand the assumptions, risks and uncertainties inherent in forward looking information or statements. DALSA has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.