P R E S S   R E L E A S E

DIGITAL PROJECTION LAUNCHES COMPACT SXGA PROJECTORS FOR APRIL DELIVERY

KENNESAW, Ga., February 27, 2001 - Digital Projection, Inc. (DPI) - a wholly owned subsidiary of IMAX Corporation - today announced the addition of three new projectors to its product line-up as well as a price reduction to its popular HIGHlite 5000gv. All four products are well suited for mid- to high-range staging and systems integration applications.

The launch includes two units that feature native SXGA (1280 x 1024) resolution for premium clarity and superior brightness when displaying high definition video, computer and HDTV formats. The three new projectors - available in April 2001 - will be demonstrated (along with the 5000gv) at NAB 2001 in Las Vegas (April 23 - 26, Sands Expo Center).

Specification Summary
Projector List Price Brightness Resolution (native / up to)
HIGHlite 4000sx $49,995 3500 ANSI lumens SXGA, 3-chip DLP(tm)
NEW 1600 x 1200 compatibility

HIGHlite 6000sx $59,995 5000 ANSI Lumens SXGA, 3-chip DLP(tm)
NEW 1600 x 1200 compatibility

HIGHlite 4100gv $35,995 3500 ANSI Lumens XGA, 3-chip DLP(tm)
NEW 1280 x 1024 compatibility

HIGHlite 5000gv $44,995 5000 ANSI Lumens XGA, 3-chip DLP(tm) (formerly $54,995)
1280 x 1024 compatibility

The three units also feature a compact-chassis design (98lbs.), optional serial digital inputs, 110v or 220v operation, high contrast ratios (400:1 on/off) as well as high performance image processing. Advanced specifications are available at www.digitalprojection.com.

"These projectors mark an important step in bringing high performance imaging to an even greater segment of the market. We expect the attractive pricing of these 3-chip DLP(tm) systems will create more opportunities for users who demand world-class quality and imaging superiority," said Mike Levi, president of North American operations.

DPI is the recognized pioneer of 3-chip DLP(tm) technology by Texas Instruments for large-screen projectors and now carries 11 different models manufactured exclusively on the DLP(tm) platform.

About Digital Projection

In September '99, Digital Projection International was acquired by IMAX Corporation (Mississauga, Ontario) and currently operates as a wholly owned subsidiary.

Digital Projection International was founded in 1989, originally as a division of The Rank Group and has been instrumental in the development and application of Digital Light Processing(tm) technology by Texas Instruments for projection systems.

On June 5, 2000, Texas Instruments announced that it had signed an agreement with IMAX Corporation under the terms of which IMAX and its subsidiary Digital Projection International (DPI) will develop, manufacture and market projectors based on DLP Cinema(tm) projection technology for standard cinema.

The POWER & LIGHTNING Displays line of projectors is capable of projecting enormous digital images - well over 60-feet wide - from any video, computer or HDTV source.

In June 1998, Digital Projection was awarded an Emmy© for technical achievements in broadcast engineering by the Academy of Television Arts and Sciences, Los Angeles. POWER Displays are the first and only projector to win the coveted award.

Digital Projection's worldwide presence includes offices in North America, England, Europe and the Far East. The company's North American headquarters are located at 55 Chastain Road, Suite 115, Kennesaw, GA 30144.

Phone (770) 420-1350; Fax (770) 420-1360 www.digitalprojection.com

(tm)Digital Light Processing, DLP and DLP Cinema are trademarks of Texas Instruments.

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Contact: Tim J. Butler
Sr. Manager, MARCOM
(770) 420-1350
(770) 420-1360 fax
tbutler@digitalprojection.com