Prime Image, Inc., an innovative manufacturer and marketer of high quality, patented, corporate and digital broadcast systems, announced it has signed a partnering agreement with Digital Design Group, Inc., (DDG). Headquartered in Santa Clara, California, DDG is a builder of video over IP systems for both the television broadcast and non-broadcast markets.
Prime Image, Inc., owned by Harbor Business Group, LLC, a private equity investment firm, was founded in 1985 and has long been recognized for its patented breakthrough video technologies and dominant position in the television broadcast market.
Digital Design Group designs and manufactures MStream, a video over IP transmission system, and has a strong track record of successful business development in non-broadcast markets. The Company serves as a master distributor in North America for video systems and provides management services, product development and marketing expertise for client companies.
Under the terms of the partnering agreement, Prime Image and the Digital Design Group will co-develop, co-market, co-sell, co-engineer, and co-manufacture new Prime Image video solutions and products "Powered by Prime Image" for the broadcast industry and emerging video media markets.
"Prime Image has a great heritage and robust technology base," said Frank Alioto, President of the Digital Design Group, Inc. "We look forward to working with Prime Image by exploiting our complimentary technologies to develop scalable, easy-to-use, market specific turnkey video and audio solutions."
"Our partnering agreement with DDG is another step for Prime Image to strengthen its current position in the broadcast industry," said Prime Image CEO, Peter J. Jegou. "Our combined expertise, coupled with our patented 'Powered by Prime Image' technology, will serve to launch Prime Image into emerging markets centered on enterprise video applications, and independent production, as well as the VoD (Video on Demand), sports, home entertainment, government and homeland security, surveillance and healthcare video markets. We look forward to working closely with DDG, and to developing additional strategic relationships with other companies that share our vision."
"Prime Image exemplifies the type of company with which the HBG team would like to partner," commented Harbor Business Group Chairman, Randall Williams. "The company has the recognized brand awareness, market leading position, technology expertise, and strong management team necessary to drive its business objectives. We look forward to supporting the company as it expands into exciting new markets and further establishes itself as a dominant industry leader."
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