The Academy of Motion Picture Arts and Sciences, known for the Oscars, bestows the Barco team with the Scientific and Engineering Academy Award for their contribution to the design and development of laser projection in cinema. The Academy’s Scientific and Technical Awards honor individuals and companies whose discoveries and innovations have contributed in significant and lasting ways to motion pictures. Barco's laser projection technology has reshaped the cinema market. Powering more than 55% of the world’s movie theaters and with over 30,000 Barco laser projectors installed globally, Barco is the trusted choice for exhibitors to transition to laser. The shift from lamp-based to laser-based cinema projection was driven by the industry’s need for high brightness, requiring unique technology to address screen size, color gamut, and lifetime. Considering that all cinema projectors used lamps in 2014, laser projection has transformed the industry in under 10 years.