IMAX to make equity investment in Laser Light Engines for digital cinema

IMAX Corporation signed a memorandum of understanding with Laser Light Engines, a developer and manufacturer of ultra-high brightness, laser-driven light sources. Under the terms of the agreement, IMAX plans to make an equity investment in Laser Light Engines, and Laser Light Engines would develop a custom version of its laser light technology for exclusive use in IMAX digital projection systems. Laser Light Engines would additionally provide outsourced research and development for new features designed to further enhance and distinguish The IMAX Experience for IMAX theatre operators, film studios and moviegoers.