Technicolor announced that its Thomson Angers SAS subsidiary (formerly Thomson Television Angers), which manufactures Set-Top Boxes (STBs), has filed for insolvency.
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Unedited press release follows:
Information: Thomson Angers
Paris (France), May 25, 2012 – Technicolor (Euronext Paris: TCH) announces that the President of Thomson Angers SAS has filed for insolvency (“cessation de paiement”) with the Nanterre Commercial Court (France) and has petitioned the Court to open rehabilitation proceedings (“redressement judiciaire”) for Thomson Angers SAS. The company Thomson Angers SAS owns the Angers facility, which manufactures set-top-boxes.
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Technicolor, a worldwide technology leader in the media and entertainment sector, is at the forefront of digital innovation. Our world class research and innovation laboratories enable us to lead the market in delivering advanced video services to content creators and distributors. We also benefit from an extensive intellectual property portfolio focused on imaging and sound technologies, based on a thriving licensing business. Our commitment: supporting the delivery of exciting new experiences for consumers in theaters, homes and on-the-go. Euronext Paris: TCH www.technicolor.com