Discreet and Colorfront Announce Strategic Technology Alliance

Montréal, Québec-Discreet, a division of Autodesk Inc.,announced today that it has entered into an exclusive strategicalliance with Colorfront, a privately held software development companybased in Budapest, Hungary, to jointly develop, market and sell apowerful new generation of digital color correction systems.

The details of the agreement provide for the joint development of anew digital color grading solution based on both Colorfront andDiscreet technology. Colorfront will carry out core productdevelopment, with certain components provided by Discreet. The newproduct-expected to be announced and launched April 2003 at NAB in LasVegas-will be part of the Discreet inferno, flame, flint, fire, smokeand backdraft systems product line.

"Digital film production has shown tremendous growth over the lasttwo years with a rapidly increasing number of films being processedentirely digitally. This provides an exciting opportunity to bringinnovative technologies to market that better address the emergingneeds of our clients," explains Bill Roberts, Discreet Product Manager."Our partnership with Colorfront will combine the skills of two leadingtechnology companies in this field to provide new digital intermediatesolutions in a faster, more cost effective manner.

Colorfront has been in partnership with Discreet for several years,having developed the Color*star-digital film grading and colorcorrection, and Star*dust-film mastering and image restoration sparks(plug-ins) for Discreet's inferno, flame, flint, fire and smokesystems.

"As Discreet enters into this strategic partnership, we are excitedto work closely together with Colorfront on this new technology,"explains Marc Petit, vice president of systems product development atDiscreet. "They have a deep understanding of film production and havebuilt a solid reputation for innovation and product quality within thepost-production industry. Together we will be able to deliveroutstanding new solutions for our customers with a sophisticateddigital intermediate workflow."

"We are delighted to be working with Discreet in bringing thistechnology to market," explains Mark Jaszberenyi, Colorfront Founderand CEO. "Discreet is established as the leading supplier ofhigh-performance post-production systems, and we believe thatcredibility will give us the extra momentum we need to successfullybring our new technologies to market."