December 20, 2005

SENIOR MANAGEMENT CHANGES AT QUANTEL

Quantel says the move is part of a broad strategic initiative to accelerate the deployment of the company’s generationQ technology across the broadcast, post and DI industries.

Originally unveiled in 2002, Quantel’s generationQ concept has matured into an all-encompassing product range that offers scalability in both hardware and software across post production, digital intermediate, color correction, graphics and broadcast for multiple resolution, team-working environments.

“With a very healthy order book, a renewed focus on customer requirements and a significantly enhanced sales organization, Quantel is now positioning itself to exploit its new-generation technology to the full, delivering world-class systems that meet and exceed the demands of our industry’s most visionary – and demanding - clients,” says new CEO Cross.

“Richard and Paul have successfully navigated Quantel practically from its birth in the mid 70s right through to the launch of the current generationQ range of products,” Cross adds. “This is a terrific accomplishment and the company and our customers owe them a debt of gratitude for the strength of their vision. Our focus is now one hundred percent on ensuring that we deliver the full potential of generationQ technology to the widest possible market.”

Brian Paisley and Martin Mulligan will continue to lead the broadcast and post/DI divisions respectively.