QuVIS Receives Funding from Seacoast Capital Partners II for Production Ramp
Aug 3, 2005 3:45 PM
QuVIS has announced that Seacoast Capital Partners II is providing funding to help QuVis further accelerate and expand its leadership and production capabilities to support growing worldwide demand for the company’s patented wavelet-based imaging solutions.
“We are very pleased with this financial vote of confidence in QuVIS technology and business potential from Seacoast Capital, and with the assistance they have provided to help QuVIS achieve its business goals,” Kenbe Goertzen, QuVIS’ president and CEO, says.
Since providing the first digital cinema showing in motion picture history in 1999, QuVIS has been the leading provider of cutting-edge motion imaging technology, providing digital solutions based on Quality Priority Encoding (QPE), a patented realtime recording process that guarantees image quality at user-definable levels. Recently, after extensive trials by competing imaging technologies, QuVIS’ technology was chosen to provide state-of-the-art image acquisition for NASA’s Return to Flight program, and is currently being installed as the playback device of choice for the U.K. Film Council’s 250-screen d-cinema network.
“With its recent NASA contract, QuVIS proved their imaging technology was superior to that of several well-established rivals,” Eben Moulton of Seacoast Capital Partner says. “It was proven yet again by the selection of QuVIS technology by the U.K. Film Council. With expanding opportunities in the entertainment, government, and medical markets, we felt compelled and are pleased to provide funding to help QuVIS meet the increasing demand for their innovative technology.”