Press Releases

ITT Exelis to Highlight Aerospace and Defense Technologies at the Singapore Airshow Feb 8, 2012 12:49PM

MCLEAN, Va.--(BUSINESS WIRE)-- ITT Exelis (NYSE: XLS) will showcase its industry-leading aerospace and defense products and services at the 2012 Singapore Air Show Feb. 14-19 at the Changi Exhibition Centre.

“The Singapore Airshow is the leading aviation and aerospace event in Asia, and we are excited to demonstrate our latest innovative technologies to customers in this increasingly important region,” said Exelis Government Relations Vice President Bob Durbin. “As Exelis continues to expand our presence in high-growth countries, deliver technologically-advanced, proven technologies to existing and new customers, and align investments with evolving customer priorities, we look forward to strengthening existing relationships and developing new ones during this important event.”

The Singapore Air Show is the first official international event for Exelis, following its spin-off from ITT Corporation in October 2011. As a new standalone company, Exelis is more agile in anticipating customers’ evolving needs and in providing capabilities such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), and technical and information services.

In addition to introducing the new company brand, Exelis will highlight the following technologies:

• AIDEWS
• Air Warfare Destroyer
• ALQ-136 Self-Defense Electronic Warfare System
• Automatic Dependent Surveillance — Broadcast (ADS-B)
• Generation 3 and i-Aware Night Vision Technology

To learn more about Exelis programs on display, and to view our event schedule please visit: www.exelisinc.com/SAS2012

Exelis will be showing at booth V01. Follow Exelis on Twitter to get updates on the latest developments and news at the show @ITTExelis.

About ITT Exelis:

ITT Exelis is a diversified, top-tier global aerospace, defense and information solutions company with strong positions in enduring and emerging global markets. ITT Exelis is a leader in networked communications, sensing and surveillance, electronic warfare, navigation, air traffic solutions and information systems with growing positions in cyber security, composite aerostructures, logistics and technical services. The company has a 50-year legacy of innovation and technology expertise, partnering with customers worldwide to deliver affordable, mission-critical products and services for managing global threats, conflicts and complexities. Headquartered in McLean, Va., the company employs about 21,000 people and generated 2010 revenue of $5.9 billion. www.exelisinc.com

ITT ExelisJane Khodos, +1.703.201.3874jane.khodos@exelisinc.comorMary Dudley, +1.540.529.2205mary.dudley@exelisinc.com

Source: ITT Exelis

Conquest Commences Drilling at Its Smith Lake Gold Property in Northern Ontario Feb 8, 2012 12:47PM

TORONTO, ONTARIO -- (MARKET WIRE) -- 02/08/12 -- Conquest Resources Limited (TSX VENTURE: CQR) reports that it has commenced a 2,500 metre diamond drilling program at its 100% owned Smith Lake Gold Property, located within the Missanabie-Goudreau Greenstone Belt, in northern Ontario.

Summit Drilling Services Inc. has been contracted to operate their lightweight drilling equipment for an estimated three months of BQ-sized exploration core drilling. A total of 20 planned drill holes have been designed to test near surface vein systems and other structural targets on the property.

The first four holes of the program have been planned to follow up Conquest's high grade 63.3 grams per tonne (g/t) gold intersection from hole CSL-11-001 (as previously reported - see Press Release dated September 19, 2011) in the Company's 2011 autumn drilling program. Second order priority holes will target east-west oriented structures near the northern extension of the north-south oriented Braminco Shear Zone. Additional targets have been identified at sites with coincident structural and Mobile Metal Ion ("MMI") surface geochemical anomalies.

ABOUT THE SMITH LAKE PROPERTY

Conquest's Smith Lake Property consists of six patented mining claims and 24 contiguous mining claims comprising over a 50 square kilometer area that is located contiguous with the former Barrick/Homestake Renabie Gold Mine which closed in 1991 having produced more than 1,000,000 ounces of gold since 1941 from reported reserves of approximately 6 million tonnes at an average grade of 6.6 grams per tonne gold and 2 grams per tonne silver.

During 2011, Conquest completed 1,109 metres of diamond drilling on Conquest's 100% owned patented mining claims at Smith Lake. The most significant gold intersection on the Smith Lake Property was located in the first drill hole of the program grading 63.3 grams per tonne (g/t) of gold over 0.28 metres within a mineralized quartz vein in hole CSL-11-001. Of a total 318 samples collected from the ten hole program, 30 samples returned anomalous assays ranging from 0.25 g/t to 63.3 g/t gold over 0.22 to 1.50 metres in core length thickness.

Gold mineralization in the Renabie area is the result of repetitive hydraulic fracturing and shear zone inflation within Archean-aged granitoid intrusives. The repetitive nature of veining results in ribbon textured veining that is strongly controlled by two main structural trends oriented east-west and northwest-southeast, both of which are present on Conquest's patented mining claim group at Smith Lake.

QUALIFIED PERSON

Information of a scientific or technical nature contained in this release has been prepared by or under the supervision of Terence McKillen, P.Geo., the Chief Executive Officer and Benjamin Batson, P. Geo., the Vice Present of Exploration of the Company, both of whom are Qualified Persons within the meaning of National Instrument 43-101 of the Canadian Securities Administrators.

Samples were analyzed by AGAT Laboratories in Mississauga, Ontario using a 50 gram pulp fire assay technique with ICP-OES finish. AGAT employs the use standards, blanks and duplicate samples to calibrate on a regular basis within batches.

ABOUT THE COMPANY

Conquest is exploring several gold projects in Ontario. These include the Alexander Gold Project at Red Lake; the Sunday Lake property at Detour Lake in joint venture with Detour Gold Corporation; and, the Smith Lake Gold Project at Missanabie.

Conquest and Detour Gold Corporation are exploring for structurally-hosted gold mineralization under a joint-venture agreement at the Sunday Lake property located along the Sunday Lake Deformation Zone approximately seven kilometers east of Detour Gold's 15.6 million ounce planned open pit gold mine. Detour Gold, as operator, has agreed to expend $1,000,000 on exploration prior to September 30, 2012 to earn a 50% interest in the Sunday Lake Property. Detour Gold completed 1,600 metres of exploration drilling during winter 2011 and is currently planning a 2,000 metre winter drilling program for 2012.

There are currently 95,477,728 shares of Conquest issued and outstanding.

This news release may include certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Conquest, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Conquest's expectations are exploration risks detailed herein and from time to time in the filings made by Conquest with securities regulators.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.

Contacts:
Conquest Resources Limited
Terence N. McKillen
President & CEO
647-728-4126

Conquest Resources Limited
D. Brett Whitelaw
Vice-President Investor Relations
604-984-8633
info@conquestresources.net

Conquest Resources Limited
John F. Kearney
Chairman
416-362-6686
www.conquestresources.net

Source: Conquest Resources Limited

Conquest Commences Drilling at Its Smith Lake Gold Property in Northern Ontario Feb 8, 2012 12:47PM

TORONTO, ONTARIO--(Marketwire - Feb. 8, 2012) - Conquest Resources Limited (TSX VENTURE:CQR) reports that it has commenced a 2,500 metre diamond drilling program at its 100% owned Smith Lake Gold Property, located within the Missanabie-Goudreau Greenstone Belt, in northern Ontario.

Summit Drilling Services Inc. has been contracted to operate their lightweight drilling equipment for an estimated three months of BQ-sized exploration core drilling. A total of 20 planned drill holes have been designed to test near surface vein systems and other structural targets on the property.

The first four holes of the program have been planned to follow up Conquest's high grade 63.3 grams per tonne (g/t) gold intersection from hole CSL-11-001 (as previously reported - see Press Release dated September 19, 2011) in the Company's 2011 autumn drilling program. Second order priority holes will target east-west oriented structures near the northern extension of the north-south oriented Braminco Shear Zone. Additional targets have been identified at sites with coincident structural and Mobile Metal Ion ("MMI") surface geochemical anomalies.

ABOUT THE SMITH LAKE PROPERTY

Conquest's Smith Lake Property consists of six patented mining claims and 24 contiguous mining claims comprising over a 50 square kilometer area that is located contiguous with the former Barrick/Homestake Renabie Gold Mine which closed in 1991 having produced more than 1,000,000 ounces of gold since 1941 from reported reserves of approximately 6 million tonnes at an average grade of 6.6 grams per tonne gold and 2 grams per tonne silver.

During 2011, Conquest completed 1,109 metres of diamond drilling on Conquest's 100% owned patented mining claims at Smith Lake. The most significant gold intersection on the Smith Lake Property was located in the first drill hole of the program grading 63.3 grams per tonne (g/t) of gold over 0.28 metres within a mineralized quartz vein in hole CSL-11-001. Of a total 318 samples collected from the ten hole program, 30 samples returned anomalous assays ranging from 0.25 g/t to 63.3 g/t gold over 0.22 to 1.50 metres in core length thickness.

Gold mineralization in the Renabie area is the result of repetitive hydraulic fracturing and shear zone inflation within Archean-aged granitoid intrusives. The repetitive nature of veining results in ribbon textured veining that is strongly controlled by two main structural trends oriented east-west and northwest-southeast, both of which are present on Conquest's patented mining claim group at Smith Lake.

QUALIFIED PERSON

Information of a scientific or technical nature contained in this release has been prepared by or under the supervision of Terence McKillen, P.Geo., the Chief Executive Officer and Benjamin Batson, P. Geo., the Vice Present of Exploration of the Company, both of whom are Qualified Persons within the meaning of National Instrument 43-101 of the Canadian Securities Administrators.

Samples were analyzed by AGAT Laboratories in Mississauga, Ontario using a 50 gram pulp fire assay technique with ICP-OES finish. AGAT employs the use standards, blanks and duplicate samples to calibrate on a regular basis within batches.

ABOUT THE COMPANY

Conquest is exploring several gold projects in Ontario. These include the Alexander Gold Project at Red Lake; the Sunday Lake property at Detour Lake in joint venture with Detour Gold Corporation; and, the Smith Lake Gold Project at Missanabie.

Conquest and Detour Gold Corporation are exploring for structurally-hosted gold mineralization under a joint-venture agreement at the Sunday Lake property located along the Sunday Lake Deformation Zone approximately seven kilometers east of Detour Gold's 15.6 million ounce planned open pit gold mine. Detour Gold, as operator, has agreed to expend $1,000,000 on exploration prior to September 30, 2012 to earn a 50% interest in the Sunday Lake Property. Detour Gold completed 1,600 metres of exploration drilling during winter 2011 and is currently planning a 2,000 metre winter drilling program for 2012.

There are currently 95,477,728 shares of Conquest issued and outstanding.

This news release may include certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Conquest, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Conquest's expectations are exploration risks detailed herein and from time to time in the filings made by Conquest with securities regulators.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:
        Conquest Resources Limited
        Terence N. McKillen
        President & CEO
        647-728-4126

        Conquest Resources Limited
        D. Brett Whitelaw
        Vice-President Investor Relations
        604-984-8633
        info@conquestresources.net

        Conquest Resources Limited
        John F. Kearney
        Chairman
        416-362-6686
        www.conquestresources.net

Source: Conquest Resources Limited

Fitch Rates Proposed AMC Term Loan 'BB/RR1'; Outlook Negative Feb 8, 2012 12:45PM

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has affirmed the Issuer Default Rating (IDR) of AMC Entertainment, Inc. (AMC) at 'B', assigned a 'BB/RR1' rating to the proposed $300 million term loan and downgraded the senior unsecured notes to 'B-'/RR5 from 'B'/RR4. The Rating Outlook is Negative. The downgrade of the senior unsecured notes reflects a reduction in recovery prospects as a result of the additional secured term loans issued. See the full list of rating actions as the end of this release.

AMC announced its intention to tender $160 million of its $300 million outstanding 8% subordinated notes due March 2014. The total consideration of the tender offer is $1,002.50, per $1,000, which includes a $30 early redemption premium (early tender date is currently set at Feb. 21, 2012). The tender offer is subject to, among other provisions, the completion of the proposed term loans (discussed below). According to the 8% subordinated note indenture, the company may redeem the notes at par starting on March 1, 2012.

The subordinated note tender is expected to be funded with the $300 million term loan, due in 2018. The remaining proceeds from the term loan will be used to pay down the existing $141 million term loan balance due January 2013. The term loans will be issued under the existing credit agreement.

While the ratings and Outlook remain unchanged, the proposed transaction does improve AMC's maturity profile by extending $160 million of subordinated notes (due 2014) and $140 senior secured term loan balance (due 2013) to 2018. Pro forma for the transaction, AMC's next significant maturities include $140 million in subordinated notes due 2014, approximately $470 million in term loans due 2016, the proposed $300 million term loans due 2018, approximately $600 million in senior unsecured notes due 2019 and $600 million in subordinated notes due 2020.

On Oct. 17, 2011, Fitch affirmed AMC's IDR at 'B' and revised the Outlook to Negative from Stable. The Negative Outlook reflects the weakening credit metrics (interest coverage, EBITDA margins and gross leverage), and reflects the limited headroom within the current ratings for further deterioration. If the upcoming movie slate and the recent theater portfolio actions are unable to stabilize and drive improved credit metrics, Fitch may downgrade the ratings one notch.

AMC's Recovery Ratings reflect Fitch's expectation that the enterprise value of the company and, hence, recovery rates for its creditors, will be maximized in a restructuring scenario (as a going concern) rather than a liquidation. Fitch estimates an adjusted, distressed enterprise valuation of $1.2 billion using a 5 times (x) multiple and including an estimate for AMC's 16% stake in National CineMedia LLC (NCM) of approximately $190 million. Based on this enterprise valuation, overall recovery for total debt is approximately 50% (this is before any administrative claims).

The 'RR1' Recovery Rating for the company's secured bank facilities reflects Fitch's belief that 91%?100% expected recovery is reasonable. While Fitch does not assign Recovery Ratings for the company's operating lease obligations, it is assumed the company rejects only 30% of its remaining $2.6 billion in operating lease commitments due to their significance to the operations in a going-concern scenario and is liable for 15% of those rejected values (at a net present value). The 'RR5' Recovery Ratings for AMC's senior unsecured notes (equal in ranking to the rejected operating leases) reflect an expectation of 11%-30% recovery.

Fitch assumes a nominal concession payment is made to the subordinate debtholders in order to secure their support of a reorganization plan. The 'CCC/RR6' rating for AMC's senior subordinated notes reflects Fitch's expectation for nominal recovery.

Rating Rationale:

--Fitch believes movie exhibition will continue to be a key promotion window for the movie studios' biggest/most profitable releases.

--Fitch expects that attendance and box office revenues should be supported by the upcoming healthy film slate for 2012. The 2012 film slate includes some highly anticipated movies such as The Avengers, The Dark Knight Rises, Spider-Man, the Hobbit Part 1, and the next installment of the Twilight series.

--Fitch notes that concession revenues have remained relatively stable. While Fitch does not anticipate a significant decline in concession per patron, Fitch remains cautious that high-margin concessions (which represent 28% of AMC's total revenues and carry 86% gross margins), may be vulnerable to reduced per-guest concession spending due to economic cyclical factors or a re-acceleration of commodity prices.

--The ratings factor in the intermediate/long-term risks associated with increased competition from at-home entertainment media, limited control over revenue trends, the pressure on film distribution windows, increasing indirect competition from other distribution channels (such as VOD, the Internet and DVD), and high operating leverage (which could make theater operators free cash flow negative during periods of reduced attendance).

--For the long term, Fitch continues to expect that the movie exhibitor industry will be challenged in growing attendance and any potential attendance declines will offset some of the growth in average ticket prices.

--In addition, AMC and its peers rely on the quality, quantity, and timing of movie product, all factors out of management's control.

RATING DRIVERS:

--Evidence over the next 12 to 24 months that credit metrics (interest coverage and EBITDA margins) have improved could lead to a stabilization of the ratings.

--An attendance decline at AMC in excess of 5% and/or interest coverage below 1.5x could lead to negative rating actions.

LIQUIDITY

As of Dec. 29, 2011, liquidity consisted of $214 million in cash at AMC and full availability under AMC's $192.5 million secured credit facility due 2015. The secured credit agreement contains a secured leverage covenant of 3.25x, which is calculated on a net basis. Fitch does not believe the company is at risk of breaching this covenant. Current amortization on the AMC term loan is $6.5 million annually (under the proposed term loans, this amortization would go up approximately $2 million per year).

Fitch calculated free cash flow (FCF) for the latest 12 months (LTM) was a negative $1.2 million. Fitch expects FCF to be approximately $0 to $25 million for the fiscal years ended 2012 and 2013.

As of Dec. 29, 2011, Fitch calculated interest coverage is 1.5x. Including the NCM distribution in LTM EBITDA, interest coverage is 1.7x. Fitch notes that the tender offer may modestly reduce future interest payments.

LEVERAGE

As of Dec. 29, 2011, Fitch calculates lease adjusted gross leverage at 6.7x, unadjusted gross leverage at 9.3x and, if the NCM dividend is included in EBITDA, unadjusted gross leverage is at 8.4x. Fitch expects unadjusted gross leverage to remain above 7.5x over the next two fiscal year-end periods.

Fitch notes that the term loan at AMC's parent, AMC Entertainment Holdings, Inc. (AMC Holdings) was paid down with available cash at AMC Holdings and a dividend distribution from AMC. This transaction reduced debt by roughly $218 million and is reflected in the credit metrics listed above.

Fitch has taken the following rating actions:

AMC

--IDR affirmed at 'B';

--Senior secured credit facilities affirmed at 'BB/RR1';

--Senior unsecured notes downgraded to 'B-/RR5' from 'B/RR4';

--Senior subordinated notes affirmed at 'CCC/RR6'.

AMC Holdco

--IDR Withdrawn;

--Senior unsecured term loan Withdrawn.

The ratings of AMC Holdco have been withdrawn, as Fitch does not expect AMC Holdco to be a debt issuer.

The Rating Outlook is Negative.

Additional information is available at 'www.fitchratings.com'. The ratings above were unsolicited and have been provided by Fitch as a service to investors.

Applicable Criteria & Related Research:

--'Corporate Rating Methodology' Aug. 12, 2011;

--'Recovery Ratings and Notching Criteria for Nonfinancial Corporate Issuers' May 12, 2011.

Applicable Criteria and Related Research:

Corporate Rating Methodology

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=647229

Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=628489

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Fitch RatingsPrimary AnalystRolando LarrondoDirector+1-212-908-9189Fitch, Inc.One State Street PlazaNew York, NY 10004orSecondary AnalystShawn GannonAnalyst+1-212-908-0223orCommittee ChairpersonJames Rizzo, CFASenior Director+1-212-908-0548orMedia RelationsBrian Bertsch+1-212-908-0549brian.bertsch@fitchratings.com

Source: Fitch Ratings

Panasonic Announces Delivery of AG-3DP1 3D P2 HD Shoulder-Mount Camcorder with Master-Quality 10 Bit, 4:2:2 AVC-Intra Recording Feb 8, 2012 12:45PM

SECAUCUS, N.J.--(BUSINESS WIRE)-- Panasonic today initiated deliveries of the groundbreaking AG-3DP1, a 3D integrated twin-lens P2 HD shoulder-mount camcorder with 10 bit, 4:2:2 independent-frame, full 1920 x 1080 resolution AVC-Intra recording.

A high-powered twin-lens zoom lens system, high-sensitivity sensors and the high-quality AVC-Intra codec in the 3DP1 enable broadcast-level 3D image acquisition. The camcorder also features new 3D Assist functions and multi-camera synchronization for versatile broadcast use and image production. Its newly-developed 17x twin-lens zoom lens system features an expanded range for both wide-angle and telephoto to fit diverse shooting situations including live events, sports, documentaries and independent films. Supporting multi-camera set-up, a studio camera system, a file-based P2 workflow and offering variable frame rates (VFR), the 3DP1 meets highly sophisticated production needs.

“The 3DP1 will make 3D production easier,” said Steve Cooperman, Product Manager, Panasonic System Communications Company of North America (PSCNA). “With professional features such as genlock input and TC input/output and more, the 3DP1 can now be part of multi-camera 3D systems; and with full-resolution, 10-bit AVC-Intra, the quality is much higher for new programming opportunities, including 3D green screen work.”

“There are many situations where the cost and/or technical complexity of a rig have limited 3D production. Now the 3DP1 has the exceptional record quality to overcome this,” Cooperman added. “In addition, there are situations where multiple rigs are required for a project, but are impractical due to cost, complexity or logistics. Now the 3DP1 can be used for professional multi-cam 3D productions and for ultra high-end productions, and can also be combined nicely with a 3D rig.

“Moreover, with the 3DP1, Panasonic is offering an expanded 3D production system, including the full 3D native BT-3DL2550 LCD production monitor, the 2D/3D compatible BT-LH910 LCD production monitor, the AV- HS450 switcher (when 3D enabled) and our AG-HPD24 P2 Portable recorders (two can be used for true L/R 3D, or one for a side-by-side output from the camera or switcher).”

The HD twin-lens system with 17x zooming was developed exclusively for the 3DP1, and because of its high-precision assembly, requires no pre-shooting adjustment of the optical axis or angle of view. Focus, zoom and iris adjustments are synchronized accurately for the left and right lenses. The camcorder’s 58mm inter-axial distance allows a broad shooting rage of approx. 3.5 to 100 feet. The 3DP1 supports remote control (focus, zoom, iris, convergence, and recording start/stop). It boasts low chroma aberration and high resolution, and delivers superb color reproduction, detailed nuances and crisp 3D images even in dark scenes, with minimal flare and ghosting.

In addition to a zoom ring, focus ring and iris ring that approach the manual control levels of interchangeable lenses, the 3DP1 has an isolated convergence dial. By changing the convergence angle of the twin lenses, the convergence point can be adjusted forward or backward to control leaping effects and depth. Three modes (near/normal/extra) maximize the twin-lens zooming capability for effective 3D shooting over diverse angles of view.

The 3DP1 offers all the benefits of a familiar, fast, file-based P2 HD workflow, including compatibility with a wide variety of NLE systems. Since all leading NLE systems support AVC-Intra, they will be able to accept 3DP1 footage immediately. The process is further streamlined if the system can read the right eye/left-eye metadata tags to make batch ingest automatic. And NLEs such as Avid Media Composer 6 offer full 3D editing and stereoscopic ingest, finishing and play-out. Stereo AVC-Intra is already supported on most production servers so server play-out is available now. For customers who use Cineform, that product will soon automatically ingest and convert 3DP1 footage to Cineform 3D files as easily as they now bring in 3DA1 content. The 3DP1 will enhance 3D production opportunities, while allowing users to maintain their P2 workflow, or a Cineform 3D workflow.

Improvements in the 3DP1’s suite of 3D controls include new assist functions: overlay warning displays, with the convergence point shown in green, negative parallax shown in red, and positive parallax shown in yellow; a waveform display that shows the forward/backward relationship between the subject and the convergence plane as a waveform; and left/right/mix monitor selection.

Two pairs of 2.2-megapixel 1/3-type 3MOS sensors are mounted left and right, each employing full-pixel HD resolution to produce precisely synchronized full HD 3D images. Ultra Luminance Technology (U.L.T.) enables these image sensors to attain high-sensitivity, high-quality images, and a high-performance 20 bit Digital Signal Processor handles image rendering processes with exceptional precision. Drawing on technologies developed for the VariCam, Panasonic has equipped the 3DP1 with advanced gamma functions that address six different shooting scenarios, including two Cine-Like Gammas, for richer gradation.

The 3DP1 boasts an array of assist functions including Focus Assist, 3-Position Gain Selector, assignable User buttons, simplified Waveform and Vectorscope display and six preset/assignable Scene Files. Other camera functions include a 4-position (off, 1/4 ND, 1/16 ND, 1/64 ND) optical neutral density filter wheel; variable shutter speed from 1/12 to 1/250 sec plus Synchro Scan function; Matrix setting including a Cine-Like mode; adjustable V detail level, detail coring, chroma level, chroma phase, color temp and master pedestal; Knee point settings; three values (A/B/Preset) of white balance selector; Mode check; Zebra: Select any two levels from among 50% to 109%, in 1% step; and Y-GET to measure brightness at the screen center and display precise numerical data.

The 3DP1 records in AVC-Intra 100/50 and is 50Hz/60Hz switchable. Even better, it’s 1080 and 720 compatible, including 1080 24/25p as well as 720p variable frame recording (20 steps between 12 and 60 frames per second). The camcorder records 16-bit, four-channel digital audio.

The 3DP1 can record for up to 80 minutes on dual 64GB P2 cards in AVC-Intra 100 1080/24pN. The two P2 card slots allow 3D/2D image acquisition. In the 3D recording mode, left and right channel images with full-pixel HD, full-sampling quality are each synchronized and recorded onto two P2 cards; in the 2D recording mode, 2D LL left-eye images are recorded simultaneously onto both left and right P2 cards, which expands the double-slot application possibilities for recording images without left-eye/right-eye visual disparity, and for backup use.

The camcorder offers professional interfaces including dual HD SDI outs with sync-rec, HDMI 1.4 3D output and two XLR connectors. It offers genlock in and timecode in/out terminals to support multi-camera operation. It is also equipped with a 3D-compatible remote terminal for focus iris, zoom, REC start/stop and convergence point. The camcorder comes with an SD Memory Card slot to facilitate metadata upload, a 3.2”, 16:9 high-resolution LCD monitor and front/rear audio levels controls.

The existing AG-CA300G/BS300/EC4G Studio Camera System for P2 HD camcorders is supported, making it quick and easy to build a system for a 3D live relay and 3D image acquisition system using multiple cameras. Panasonic’s AG-EC4G and AJ-RC10G Remote Control Units offer both studio use and direct connection to the 3DP1. The camcorder weighs just over 13 pounds, has low power consumption and operates on a 12V (Anton Bauer) battery.

The 3DP1 has a suggested list price of $34,950, and is supported by Panasonic’s industry leading five-year warranty program (1 year + 4 additional years with registration).

Panasonic Solutions for Business

Through its broad range of integrated business technology solutions, Panasonic empowers professionals to do their best work. Customers in government, healthcare, production, education and a wide variety of commercial enterprises, large and small, depend on integrated solutions from Panasonic to reach their full potential, achieve competitive advantage and improve outcomes. The complete suite of Panasonic solutions addresses unified business communications, mobile computing, security and surveillance systems, retail information systems, office productivity solutions, high definition visual conferencing, projectors, professional displays and HD and 3D video production. As a result of its commitment to R&D, manufacturing and quality control, Panasonic engineers reliable and long-lasting solutions as a partner for continuous improvement. Panasonic solutions for business are delivered by Panasonic System Communications Company of North America, Division of Panasonic Corporation of North America, the principal North American subsidiary of Panasonic Corporation (NYSE: PC).

All brand and company/product names are trademarks or registered trademarks of the respective companies. All specifications are subject to change without notice. Information on Panasonic solutions for business can be obtained by calling 877-803-8492 or at www.panasonic.com.

About Panasonic Corporation of North America

Based in Secaucus, NJ, Panasonic Corporation of North America provides a broad line of digital and other electronics products and services for consumer, business and industrial use. The company is the principal North American subsidiary of Osaka, Japan-based Panasonic Corporation (NYSE: PC), and the hub of Panasonic’s U.S. branding, marketing, sales, service and R&D operations. Panasonic was the only Consumer Electronics company to be listed in the top ten brands on the Interbrand Best Global Green Brands 2011 ranking (http://www.interbrand.com/en/best-global-brands/Best-Global-Green-Brands/2011-Report/BestGlobalGreenBrandsTable-2011.aspx). As part of its continuing efforts to reduce its carbon footprint, Panasonic Corporation of North America will relocate its operations to a new eco-efficient office tower adjacent to a mass transit hub in Newark, NJ in 2013. Information about Panasonic Eco Ideas initiatives is available at http://panasonic.net/eco/ecoideas/. Information about Panasonic and its products is available at www.panasonic.com. Additional company information for journalists is also available at www.panasonic.com/pressroom.

Cohn & Wolfe for Panasonic (Media)Pat Lamb, 518-692-8150pat.lamb@cohnwolfe.comPanasonicB2B.PR@cohnwolfe.com

Source: Panasonic