Integrated Media Technology Limited Signs Distribution Agreement

Date : 04/30/2019 @ 3:05PM
Source : GlobeNewswire Inc.
Stock : Integrated Media Technology Limited - Ordinary Shares (IMTE)
Quote : 7.7174  -0.2051 (-2.59%) @ 11:00PM

Integrated Media Technology Limited Signs Distribution Agreement

Integrated Media Technology Limited - Ordinary Shares (NASDAQ:IMTE)
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Integrated Media Technology Limited (NASDAQ: IMTE) (“IMTE” or the “Company”), today announced that it has entered into an agreement with Teko International Limited (“TEKO”) for the distribution rights for the territory of Hong Kong and Guangdong Province, China (“Territories”) of a proprietary conductive film and 3rd generation (or any future derivative thereof) Polymer Dispersed Liquid Crystal Film (“Conductive Film Products”).

Smart glass, switchable glass, or intelligent glass  refers to a glass display or glass wall that turns from transparency to opaque with a touch of a button.  The application of electrical voltage through the conductive film installed in the glass changes the light trassmission to turn the glass from clear to opaque.  Smart glass applications are private windows for home and office, room partitions/dividers, electronic curtains /blinds, counters or display cases, window displays, advertising screens and many other applications.

Mr. Con Unerkov, CEO of IMTE, stated: “This is an exciting opportunity for IMTE.  We look forward to the opportunity to work with TEKO to strengthen our existing portfolio in the display business and provide exciting new opportunities moving forward.”

About Integrated Media Technology Limited (“IMTE”)

IMTE is engaged in the investment, development, and commercialization of visual technology with a focus on glasses-free 3D (also known as autostereoscopic 3D) display technology.  Through its subsidiary, Marvel Digital Limited, IMTE designs and sells glasses-free 3D products for the industrial market. These products include glasses-free 3D digital signage and video wall, 3D conversion equipment, and software for the film/video production industry.  For the consumer market, IMTE through its subsidiary, GOXD Technology Ltd., offers consumer products such as glasses-free 3D digital photo frame, smartphone, tablet, and TV on a cloud-bases platform connecting users anytime anywhere worldwide.  IMTE is headquartered in Hong Kong with regional offices in Australia and China.  IMTE is traded on the Nasdaq under the symbol “IMTE”.  For more information, please visit www.imtechltd.com.

Safe Harbor Statement

This press release contains certain statements that may include "forward-looking statements."  All statements other than statements of historical fact included herein are "forward-looking statements."  These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties.  Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect.  You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release.  The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors.  Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

U.S Investor Relations Contact:  PCG Advisory Group Adam Holdsworth, Managing Director Email: adamh@pcgadvisory.com Phone: +1 646-862-4607

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