June 17, 2009 (FinancialWire) — Imax Corp. (NASDAQ: IMAX) has signed a deal with Adlabs Films Ltd.’s India-based Big Cinemas division to install Imax’s new digital projection system in Big’s Imax theatre in Mumbai.

The installation is scheduled to be completed in July 2009, and will mark the first digital IMAX location in India.

According to Imax, the new digital projection system will replace an Imax Dome system that is currently operating in the Big Cinemas location at Wadala, Mumbai.

Imax said that the deal adds to the momentum of its international expansion efforts, which has been fueled by the introduction of the company’s digital projection technology.

To date, Imax has signed contracts for more than 200 of the digital projection systems worldwide, with over 90 currently in operation and at least 115 scheduled to be in operation by year end.

Adlabs Films is an Indian film and entertainment services company. The company operates a cinema chain with about 425 screens spread across India, the U.S. and Malaysia.

Toronto-based Imax specializes in digital and film-based motion picture technologies. As of March 31, there were 371 Imax theatres operating in 43 countries.

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