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Benzinga

Business

Shivani Kumaresan

Ballantyne Partners With GDC Technology To Deploy Digital Servers To Caribbean Cinemas

GDC BTN NYSE STS South America

Ballantyne Strong Inc (NYSE:BTN) subsidiary, Strong Technical Services, has partnered with GDC Technology Limited (GDC) to deploy digital cinema servers to Caribbean Cinemas.
The financial terms of the four-year agreement were not disclosed.
Caribbean Cinemas owns and operates 583 screens in the Caribbean Islands, Central, and South America.
STS will assist with the deployment and provide remote technical services for the duration of the agreement.
The arrangement involves replacing legacy media servers with the new GDC SR-1000 Standalone Integrated Media Block with diskless CineCache at all of Caribbean Cinemas’ existing sites and new construction projects.
Price Action: BTN shares are trading higher by 4.30% at $3.15 on the last check Wednesday.

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