Moving iMage Technologies (MiT) and Alamo Drafthouse Cinemas Announce Three-Year Exclusive Purchase Agreement for Barco SP4k Projectors
12 7월 2022 - 9:00PM
Business Wire
Moving iMage Technologies (NYSE American: MITQ) ("MiT"),
a leading digital cinema technology company, today announced an
exclusive three-year purchase agreement with Alamo Drafhouse
Cinemas for Barco SP4k laser projectors for both new theaters and
existing technology upgrades.
“We are excited to announce this exclusive relationship with
Alamo Drafthouse, one of our long-standing partners,” said Jerry
Van de Rydt, senior vice president of FF&E sales at MiT. “The
industry is in the early stages of a multi-year technology upgrade
cycle, and the Barco SP4k laser projector is a great way to enhance
the moviegoer experience through its improved picture contrast,
maximum picture brightness and vivid colors, all of which are
on-screen benefits of Barco technology.”
“Alamo is excited about this next generation of 4k laser
projection technology to bring our guests the very best
presentations available,” said Frankie Vaquerano, director of
presentation for Alamo Drafthouse Cinema. “These projector upgrades
also come with lamp and power operational savings that will benefit
Alamo for many years to come.”
The SP4k models of the Barco Series 4 family bring native 4K
resolution, higher contrast and enhanced uniformity into the movie
theater. The Barco Active Image Management™ includes patented
technology to guarantee sharp, consistent image quality over
time.
About Moving iMage Technologies
MOVING iMAGE TECHNOLOGIES (NYSE American: MITQ) is a leading
provider of technology, products, and services to the Motion
Picture Exhibition industry. We sell proprietary products, which we
design and manufacture in-house, and are in the process of
developing, introducing, and supporting a wide range of disruptive
technologies that will bring SaaS and subscription-based products.
Our Caddy brand of proprietary products is a leading provider of
proprietary cup holders, trays, and other products to entertainment
and sports venues. Based in Fountain Valley, California, our 28,000
sq. ft. facility is home to our corporate offices, engineering
& manufacturing, distribution, integration, and service and
support divisions. Our strategic location is augmented by a global
network of service partners & OEM manufacturers. For more
information, visit www.movingimagetech.com.
About Alamo Drafthouse Cinemas
The Alamo Drafthouse Cinema is an American cinema chain founded
in 1997 in Austin, Texas, which is famous for serving dinner and
drinks during the movie, as well as its strict policy of requiring
its audiences to maintain proper cinema-going etiquette.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including, but not limited to, the
timing of the opening of the Alamo Drafthouse Cinema location.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including the
timing of the opening of the new theater, potential project delays
or cancellations and those set forth in the Risk Factors section of
the Company's registration statement and preliminary prospectus for
the Company's offering filed with the SEC. Copies of these
documents are available on the SEC's website, www.sec.gov. The
Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220712005244/en/
Investor Relations and Media Contacts: Brian Siegel, IRC®,
M.B.A. Senior Managing Director Hayden IR (346) 396-8696
brian@haydenir.com
Moving iMage Technologies (AMEX:MITQ)
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Moving iMage Technologies (AMEX:MITQ)
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