Apr 1 2010
3D Eye Solutions, Inc. (Pink Sheets: TDEY) is pleased to announce that the Company is targeting the $1 Billion UK digital signage market through the signing of a licensing agreement with IMD Dimensions Ltd., a British consulting firm experienced in providing innovative digital signage solutions throughout the United Kingdom.
According to the terms of the agreement signed at last month's Digital Signage Expo in Las Vegas, 3D Eye Solutions will have a five year exclusive on all sales generated by IMD for the conversion of content from 2D to 3D in the digital signage arena within the United Kingdom. IMD will market, solicit orders and promote sales of the 3D Eye's state of the art 3D without glasses technology within shopping malls, soccer stadiums, cinemas, amongst other locations, and plans to generate significant sales in this untapped market.
IMD Dimensions Ltd. is highly experienced in providing digital signage solutions to many businesses. IMD offers leading edge display products using the very latest in digital media and can help a business communicate effectively to its audience. The company offers digital signage displays and e-poster solutions ideal for public places. According to a new report produced by media analysts Screen Digest and Goldmedia, 'Digital Signage in Europe. The opportunities for digital out-of-home advertising', the digital signage advertising market and out-of-home market in Europe will quadruple over the next 5 years from $230 million in 2007 to just under $1 billion in 2012. Today digital screens account for 3.1% of total out-of-the-home expenditure, and this will grow over the period to around 10%. Out-of-home advertising revenues as a whole are expected to increase from over $6.8 billion in 2007 to approximately $10 billion in 2012.
"We are thrilled to be working with 3D Eye Solutions because of their cutting edge 3D technology. We feel that our relationship will be very profitable for both of our organizations," stated David Frazier, Director of IMD Dimensions Ltd.
"This is a great opportunity for us to expand into the billion dollar UK market," stated Michael Gibilisco, CEO of 3D Eye Solutions, Inc. "We are excited to be working with such an experienced firm that will allow us to expand into many new markets."