Moving iMage Technologies Announces Open House and New Technology Demonstration Event
November 09 2021 - 6:00AM
Business Wire
Moving iMage Technologies (NYSE American: MITQ) (“MiT”),
a leading digital cinema technology company, today announced it
will be hosting a factory open house, including technology
demonstrations on Thursday, January 20, 2022, following the
International Cinema Technology Association (ICTA) Seminars in Los
Angeles, CA from Janunary 17-19, 2022.
Demonstrations will include MITs’ cutting-edge, new
multi-language translator, a revolutionary system that enables
outreach to an untapped customer base of non-native language
proficient customers. For example, in the United States alone,
there are an estimated 70 million people who have a primary
language other than English. This disruptive, new technology is a
user-friendly and unobtrusive outreach tool that will allow theatre
owners access to an untapped customer base enabling an enhanced
cinema experience to a much broader audience.
Features of the new multi-language translator include the
following:
Enabling multi-language screenings – the system leverages
Augmented Reality (AR) glasses to allow multi-language screening
capabilities live and in the same auditorium
Americans with Disability Act (ADA) compliance – the
system also facilitates sign language and meets other ADA
compliance requirements enabling a higher-level cinematic
experience for the hearing impaired
Global potential – The system is language-agnostic,
allowing for international films to be shown in the original
language of the film, while also offering multi-language
capabilities to the audience regardless of the film’s original
production language
The system will include AR glasses, combined with a monthly,
recurring subscription to the translator service. MIT has
previously demonstrated this product at trade shows and is planning
pilot trials with exhibitors in early 2022.
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. 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.
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/20211109005667/en/
Investor Relations and Media Contact: Brian Siegel,
IRC®, M.B.A. Managing Director Hayden IR (346)
396-8696 brian@haydenir.com
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