TORONTO, Jan 29, 2002 /PRNewswire-FirstCall via COMTEX/ -- Lockheed Martin and IMAX Corporation will host the world premiere of IMAX Corporation's (Nasdaq: IMAX; TSE: IMX) first 3D space film, "SPACE STATION," on April 17th at the Smithsonian Institution's National Air and Space Museum in Washington, DC. Narrated by Academy-Award(R) nominee Tom Cruise, "SPACE STATION" will be one of the widest releases in IMAX's 30-year history. To date, the film has commitments from 95 IMAX(R) theatres, and 60% of the IMAX network's 3D theatres.

"SPACE STATION," produced by IMAX and presented by Lockheed Martin Corporation, in co-operation with NASA, is also benefiting from the strong performance of IMAX theatres to date for 2002. "SPACE STATION" trailers are running in all IMAX theatres showing the film, generating heightened anticipation for its release. The film is scheduled to open internationally in both commercial and institutional theatres in Europe, Asia, Japan and Australia.

"Until now, the International Space Station was only accessible to the handful of men and women working there, but now through 'SPACE STATION' millions more around the world will be able to visit the station themselves, and take part in this stunning international achievement," said "SPACE STATION" Producer/Director Toni Myers. "The astronauts have often said IMAX is the next best thing to being in space. With IMAX 3D, you ARE there, spacewalking alongside the astronauts building the station on the outside, and floating weightless through the interior expanses of this unique laboratory in space. More than seventy million people have been able to travel into space through the IMAX series of space films. 'SPACE STATION' will take them even farther than before."

"We are thrilled at the interest 'SPACE STATION' is generating and are extremely excited to be able to host the premiere of this pre-eminent film in Washington at the world's most renowned Air and Space Museum," said Dennis Boxx, Senior Vice President, Corporate Communications, Lockheed Martin Corporation. "It is truly a fitting launch pad for this ground-breaking 3D space film that will play in IMAX theatres for years to come."

"Since its opening in 1976, the National Air and Space Museum has collaborated with IMAX Corporation, presenting films that engage, educate and inspire visitors. Similarly, exhibitions, public programs, research and artifact preservation projects have been made possible through the Museum's longstanding association with Lockheed Martin. 'SPACE STATION,' which brings together all three partners, is destined for success," said Gen. J.R. "Jack" Dailey, Director of the Smithsonian's National Air and Space Museum.

About the film:

Early in 1997, IMAX Corporation, in association with Lockheed Martin Corporation and the National Aeronautics and Space Administration (NASA), started work on "SPACE STATION" starring astronauts and cosmonauts from the United States, Canada, Japan, Russia and Europe. These men and women collectively have spent thousands of hours in space and have captured on film and in IMAX 3D, the excitement and magnitude of this amazing project being built in outer space in a way that no other medium can. SPACE STATION is the fifth space film to be sponsored by Lockheed Martin the others included: "The Dream Is Alive" (1985), "Blue Planet" (1990), "Destiny In Space" (1994) and "Mission To Mir" (1997).

About IMAX Corporation

Founded in 1967, IMAX Corporation is one of the world's leading entertainment technology companies. IMAX's businesses include the world's best cinematic presentations together with IMAX, IMAX 3D and the development of the highest quality digital production and presentation. The IMAX brand is recognized throughout the world for extraordinary and immersive family experiences. As of September 2001, there were more than 220 IMAX theatres operating in 30 countries. More than 700 million people have seen an IMAX presentation since the medium premiered in 1970. IMAX Corporation is a publicly traded company listed on both the Toronto and Nasdaq stock exchanges. IMAX(R) is a registered trademark of IMAX Corporation. More information on the Company can be found at http://www.imax.com.

About Lockheed Martin Corporation (http://www.lockheedmartin.com)

Through its various business programs and services, Lockheed Martin and its heritage companies have supported America's space program from its inception. From the earliest days of rocketry to the recent and continuing missions to service the Hubble Space Telescope and International Space Station, to continued interplanetary exploration, Lockheed Martin's team of scientists, engineers and support personnel are committed to furthering our knowledge of this planet and beyond.

Headquartered in Bethesda, Maryland, Lockheed Martin is a global enterprise principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. Employing about 125,000 people worldwide, Lockheed Martin had 2001 sales of $24 billion.

SOURCE IMAX Corporation

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