FOUNTAIN VALLEY, Calif.--(BUSINESS WIRE)--Moving iMage Technologies (NYSE American: MITQ), $MITQ, (“MiT”), a leading technology and services company for cinema, Esports, stadiums, arenas and other out-of-home entertainment venues, today announced a significant upgrade project with Alamo Drafthouse. As part of its ongoing commitment to enhancing the movie-going experience, Alamo Drafthouse has ordered seven state-of-the-art projectors and a new immersive sound system for its recently acquired Richardson, Texas, location.
“We are thrilled to collaborate with Alamo Drafthouse on these exciting upgrades,” said Joe Delgado, executive vice president, sales and marketing at Moving iMage Technologies. “This project highlights our commitment to providing top-tier cinematic technology that enhances every aspect of the movie-watching experience. We are confident that these upgrades will bring a new level of excellence to Alamo Drafthouse's Richardson location when it reopens this Friday.”
This upgrade will see the installation of the latest Barco SP4K RGB projectors, known for their exceptional image clarity and color accuracy, alongside Alchemy servers for streamlined content management. Alamo Drafthouse is also adding a Dolby Atmos immersive sound system with 46 discrete speaker channels and 36,000W of QSC power to the Richardson location. Additionally, Alamo Drafthouse will benefit from MiT's proprietary manufactured products, including its advanced automation systems and power filtering IS-30 units, which ensure optimal performance and reliability. The project also includes the installation of new screens, which will complement the high-definition capabilities of the upgraded projection system, delivering a superior visual experience for audiences. Thanks to these advanced technologies, movie-goers at the Richardson location can look forward to a more immersive and vibrant cinematic experience.
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 and is expanding into live entertainment venues and Esports. We sell proprietary products, which we design and manufacture in-house, and are developing, introducing, and supporting a wide range of disruptive technologies that will bring SaaS and subscription-based products. Our Caddy brand of proprietary manufactured products is a leading provider of cup holders, trays, and other products to entertainment and sports venues. For more information, visit www.movingimagetech.com.
About Alamo Drafthouse Cinema
Alamo Drafthouse Cinema was founded in 1997 as a single-screen mom and pop repertory theater in Austin, TX. Twenty-seven years later, with 41 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.
Forward-Looking Statements
All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, we assume no obligation to update any forward-looking statements.
