Moving iMage Technologies to Provide Equipment and Furnishings for New, Nine-Screen Alamo Drafthouse Cinema in Staten Island, NY
August 02 2021 - 8:00AM
Moving iMage Technologies (NYSE: MITQ)
(“MiT”), a leading digital cinema company that designs,
manufactures, integrates, installs and distributes a full suite of
proprietary and custom-designed equipment, today announced it has
been awarded a contract from Alamo Drafthouse Cinema to provide
equipment and furnishings for its Alamo theatre location in Staten
Island, NY.
The award follows a recently announced contract from an Alamo
Drafthouse franchisee for a new theatre in Washington, D.C.
As part of the latest agreement with Alamo, MiT will provide and
install all projection and sound equipment for a new nine-screen
state-of-the-art cinema. The equipment will include a full
complement of MiT products—bases, dimmers, automations, power
filtering and distribution electronics all proudly made in the USA.
The project and theatre opening were delayed for more than a year
because of the pandemic, which caused most movie theatres around
the world to close.
MiT also is providing the Staten Island cinema with projection
and audio products from Barco, QSC and GDC, along with auditorium
interior finishes, including screens, drapery, carpeting and aisle
lighting. MiT will integrate and install the equipment as part of
the pact.
“Alamo Drafthouse is looking forward to getting back to the
movies, and MiT has been a long time partner of ours helping us
with this latest venture, delivering the latest in high quality
projection and sound systems that Alamo customers have come to
expect,” said Vivek Abichandani, Vice President of Facilities,
Energy, and Sustainability for Alamo Drafthouse Cinemas. “Alamo
Staten Island will be a new step up in performance and industry
leading energy efficiency with all Barco SP4k RGB laser projectors,
a first for a corporate Alamo location.”
About Alamo Drafthouse Cinema
Alamo Drafthouse Cinema was founded in 1997 as a single-screen
mom and pop repertory theater in Austin, TX. Twenty-four 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
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 film festival dubbed "The Geek Telluride" by
Variety. Fantastic Fest showcases eight days of genre cinema from
independents, international filmmakers, and major Hollywood
studios. Alamo Drafthouse's collectible art gallery, Mondo, offers
breathtaking, original products featuring designs from world-famous
artists based on licenses for popular TV and movie properties
including Star Wars, Star Trek & Universal Monsters. 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
Alamo On Demand, a new VOD platform boasting a growing and
carefully curated library of entertainment for rental or
purchase.
About Moving iMage Technologies
Moving iMage Technologies is a leading manufacturer and
integrator of purpose-built technology and equipment to support a
wide variety of entertainment applications, with a focus on motion
picture exhibition. 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 theatres and stadiums. For more
information, visit www.movingimagetech.com.
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 Staten Island 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 theatre, 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.
Investor Relations and Media
Contacts:
Laurie Berman/Judy SfetcuPondelWilkinson
Inc.310-279-5980Investors@movingimagetech.com
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