Moving iMage Technologies (NYSE American: MITQ) ("MiT"), a leading technology and services company for cinema, Esports, stadiums, arenas and other out-of-home entertainment venues, today announced that the Alamo Drafthouse South Lamar in Austin, Texas fully equipped its 10-screen cinema with LEA Professional smart power amplifiers during its recent remodel. This was the first implementation of LEA Professional smart power amplifiers by MiT.

“The high efficiency of the LEA Class-D amplifier was a key factor in the decision to install these during Alamo Lamar’s remodel to minimize additional electrical requirements,” said Frank Tees, vice president of technical sales support, MiT.

“Alamo Drafthouse Cinemas has been a long-time partner of MiT, and we are thrilled to take advantage of their new relationship with LEA Professional to retrofit our South Lamar cinema in Austin,” said Frankie Vaquerano, director of presentation for Alamo Drafthouse. “The retrofit included 120 channels from 30 of LEA’s Connect 354D and 704D Smart Amplifiers with 46,200W of power, including two Dolby Atmos houses. LEA has an industry-leading 6-year warranty and advanced cloud monitoring capabilities, which were key differentiators.”

“LEA is excited to enter this new market with MiT, and we look forward to many more future projects in the cinema space,” said Scott Robbins, vice president of global sales LEA Professional.

About Moving iMage Technologies Moving iMage Technologies is a leading manufacturer and integrator of purpose-built technology solutions and equipment to support a wide variety of entertainment applications, with a focus on motion picture exhibitions, sports venues and eSports. MiT offers a wide range of products and services, including custom engineering, systems design, integration and installation, enterprise software solution, digital cinema, A/V integration, as well as customized solutions for emerging entertainment technology. MiT’s Caddy Products division designs and sells proprietary cup-holder and other seating-based products and lighting systems for theaters and stadiums. For more information, visit www.movingimagetech.com.

About Alamo Drafthouse Alamo Drafthouse Cinema was founded in 1997 as a single-screen mom and pop repertory theater in Austin, TX. Twenty-six years later, with 39 locations and counting, Alamo Drafthouse has been called "the best theater in America" by Entertainment Weekly and "the best theater in the world" by Wired. Alamo Drafthouse has built a reputation as a movie lover's oasis not only by combining best-in-class food and drink service with the movie-going experience, but also introducing unique programming and high-profile, star-studded special events. Alamo Drafthouse created Fantastic Fest, a world-renowned genre film festival dubbed "The Geek Telluride" by Variety featuring independents, international filmmakers, and major Hollywood studios. Alamo Drafthouse continues to expand its brand in new and exciting ways, including the American Genre Film Archive, a non-profit film archive dedicated to preserving, restoring and sharing film, and with several new theaters announced for this year and beyond.

About LEA Professional Headquartered in South Bend, Indiana, LEA Professional was founded to provide dealer/integrators in the professional AV market with the highest-performing, best-connected amplifier technology possible. Privately held, LEA Professional is led by industry veterans with proven capabilities in the executive, engineering, and channel aspects of professional AV. The company was founded in 2019 and is organized to be a major force in professional AV. Visit leaprofessional.com to learn more and follow LEA at facebook.com/leaprofessional, twitter.com/leaprofessional, instagram.com/lea_professional, and linkedin.com/company/lea-professional.

Moving iMage Technologies Investor Relations and Media Contact: Brian Siegel, IRC®, M.B.A. Senior Managing Director Hayden IR (346) 396-8696 brian@haydenir.com

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