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Digital Projection, Inc. Named Exclusive Provider Of Large-Venue Digital Projection Systems For Toronto International Film Festival

Toronto, ON, September 6, 2000 – Digital Projection, Inc. (DPI) – a wholly owned subsidiary of Imax Corporation (Nasdaq: IMAX; TSE:IMX) – today announced that it has been selected as the exclusive provider of digital projection systems at the Toronto Film Festival. DPI’s DLP™ technology-based projectors are being used for the second consecutive year at this year’s festival taking place in Toronto from September 7-16, 2000. DPI was also the exclusive supplier of digital projection systems to both the Sundance and Telluride Film festivals and were suppliers to previous Cannes festivals. DPI’s systems are used at these events to digitally project movies that were digitally created and/or transferred from celluloid film.

“The Toronto International Film Festival has grown to be one of the leading film festivals of the world, and as such, goes to great efforts to ensure world-calibre presentations in both film and digital video,” said Hans Burgschmidt, the Festival’s technical director. “DPI is a world leader in digital projection equipment and exceeds the standards we have set in the area of brightness and resolution. We feel that DPI's systems are without doubt at the leading edge of the upcoming digital video revolution.”

“We’re happy that the Toronto Film Festival has again selected our digital projectors as the display tools to provide a state-of-the art showcase for these innovative works. Digital display technology creates new options for independent filmmakers to exhibit their creative content while introducing a new quality standard to viewers,” said Chuck Collins, Digital Projection, Inc.’s national market development manager. “Large-scale digital projection of motion pictures is now a reality and each year more filmmakers are choosing to go digital because of the clarity, brightness and economics associated with the display of digital video.”

The technology used in DPI’s digital projection systems offer viewers, filmmakers and the movie making industry another opportunity to experience the latest “off-the-shelf” electronic projection technology based on Texas Instruments DLP™ imaging platform for the critical display of high resolution video, computer or HDTV sources.

Since 1997, Digital Projection’s displays have been utilized in movie premiers, screening rooms, postproduction studios, special effects suites, campus and independent theatres for projecting ultra-bright and clear content that was created from or transferred to digital sources.

Filmmakers electing to project their work digitally at the Toronto Film Festival include (titles and venues subject to change): ivansxtc. screenplay and direction by Bernard Rose, produced by Lisa Enos; Blaine Thurier’s Low Self Esteem Girl; Zev Asher’s What About Me: The Rise Of The Nihilist Spasm Band; Helen Lee’s Subrosa; Richard Fung’s Sea In The Blood; Charles Officer’s When Morning Comes. The digital exhibitions will be available in a total of four Toronto Festival venues - Cineplex Odeon’s Varsity 8 with 575 seats and a 45-ft screen. This cinema will be the venue of the Festival’s first true high definition presentation ivansxtc; Cineplex Odeon Varsity 7 seats 150 with a 28-ft screen, Alliance Atlantis Cumberland 3, 300 seats with a 25-ft screen and the Royal Ontario Museum Theatre 300 seats, 26-ft screen.

About Digital Projection

In September '99, Digital Projection International was acquired by Imax Corporation (Mississauga, Ontario) and currently operates as a wholly owned subsidiary. 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™ projection technology for conventional cinema. 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 this coveted award.

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 the Texas Instruments Digital Light Processing™ (DLP™) technology for projection systems. Digital Projection's worldwide presence includes offices in North America, England, Europe and the Far East. More information on the Company can be found at www.digitalprojection.com

Imax Corporation, and its subsidiaries is one of the world’s leading entertainment technology companies, with particular emphasis on film and digital imaging technologies including giant-screen images, 3D presentations, post-production and digital projection. There were more than 220 IMAX theatres operating in 26 countries around the world as of June 30,2000. Imax’s subsidiaries include Digital Projection International, whose primary business is the design and manufacture of high-end digital image delivery devices, and Sonics Associates a designer and manufacturer of high-end sound systems. Digital Projection International has been instrumental in the development and application of the Texas Instruments’ Digital Light Processing ™ technology for projection systems. Imax has forged strategic alliances and relationships with some of the most prominent corporations in the world including, Famous Players Inc. (a subsidiary of Viacom Inc.), America Online Inc. and Loews Cineplex Corp. Imax Corporation is a publicly traded company listed on both the Toronto and Nasdaq stock exchanges. More information on the Company can be found at www.imax.com.

™Digital Light Processing, DLP, DMD and DLP Cinema are trademarks of Texas Instruments Inc.

For additional information, please contact:

Imax Corporation, Toronto
Victoria Dinnick
905-403-6366
vdinnick@imax.com

Imax Corporation, New York
Stephen Abraham (Analysts)
212-821-0140
sabraham@imax.com

Newman & Company, Los Angeles
Al Newman (Entertainment Media)
310-777-5252
asn@newman-co.com

Digital Projection International
Tim Butler
770-420-1350
tbutler@digitalprojection.com