STRONG/MDI Screen Systems, Inc. (“STRONG/MDI”) a wholly-owned
subsidiary of FG Group Holdings Inc. (“FG Group Holdings”) (NYSE
American: FGH) and a leader in manufacturing state-of-the-art
cinema screens announces that it will supply IMAX with seven high
quality screens to support their recently announced plans for new,
state-of-the-art IMAX
® with Laser systems, to be
installed across Japan this year.
These new locations will be equipped with IMAX with Laser
technology, IMAX's most advanced theatre experience. Immersive by
design, IMAX with Laser has been developed from the ground-up to
deliver crystal clear, lifelike images and precision audio for a
moviegoing experience unlike anything else. STRONG/MDI’s
proprietary screens are specifically designed to optimize the
digital viewing experience.
“The movie industry is coming back to life, and we are pleased
to work alongside IMAX to support their growth,’’ stated François
Barrette, Senior Vice President & General Manager of
STRONG/MDI. “We are proud to support their expansion in the
Japanese market and all over the world.”
“STRONG/MDI is committed to providing IMAX with
premium products that support the company’s innovative approach to
immersive theatre,” commented Ray Boegner, President of Strong
Entertainment. “There is only one IMAX and we truly appreciate
their trust and confidence in STRONG/MDI and our products.”
Those looking for more information on cinema
product developed by STRONG/MDI Screen Systems can contact the
sales team by phone at +01 450 755-3795 or via email
info@strongmdi.com.
About FG Group Holdings Inc. and STRONG/MDI Screen
Systems, Inc.FG Group Holdings Inc. is a diversified
holding company with operations and investments across a broad
range of industries. The Company’s Strong Entertainment business
unit includes STRONG/MDI Screen Systems (www.strongmdi.com), the
leading premium screen and projection coatings supplier in the
world and Strong Technical Services (www.strong-tech.com), which
provides comprehensive managed service offerings with 24/7/365
support nationwide to ensure solution uptime and availability. FG
Group Holdings also holds equity stakes in GreenFirst Forest
Products Inc., Firefly Systems, Inc., and FG Financial Group, Inc.,
as well as real estate through its Digital Ignition operating
business.
About Fundamental Global®Fundamental Global® is
a private partnership focused on long-term strategic holdings.
Fundamental Global® was co-founded by former T. Rowe Price, Point72
and Tiger Cub portfolio manager Kyle Cerminara and former Chairman
and CEO of TD Ameritrade, Joe Moglia. Its current holdings include
FG Financial Group Inc. (Nasdaq:FGF), (NASDAQ: FGFPP), FG Group
Holdings Inc. (NYSE American:FGH), BK Technologies Corp. (NYSE
American:BKTI), GreenFirst Forest Products, Inc. (TSX:GFP), FG
Merger Corp. (Nasdaq:FGMC), FG Acquisition Corp. (TSX:FGAA), OppFi
Inc., Hagerty Inc., and FG Communities, Inc.
The FG® logo is a registered trademark of Fundamental
Global®.
About IMAX CorporationIMAX, an innovator in
entertainment technology, combines proprietary software,
architecture, and equipment to create experiences that take you
beyond the edge of your seat to a world you've never imagined. Top
filmmakers and studios are utilizing IMAX theaters to connect with
audiences in extraordinary ways, and, as such, IMAX's network is
among the most important and successful theatrical distribution
platforms for major event films around the globe.
IMAX is headquartered in New York, Toronto,
and Los Angeles, with additional offices
in London, Dublin, Tokyo, and Shanghai. As
of June 30, 2021, there were 1,654 IMAX theater systems (1,569
commercial multiplexes, 12 commercial destinations, 73
institutional) operating in 85 countries and territories. Shares of
IMAX China Holding, Inc., a subsidiary of IMAX Corporation, trade
on the Hong Kong Stock Exchange under the stock code
"1970."
Forward-Looking StatementsThis press release
includes forward-looking statements which involve a number of risks
and uncertainties, including but not limited to those discussed in
the “Risk Factors” section contained in Item 1A in FG Group
Holdings’ (previously Ballantyne Strong, Inc.) Annual Report on
Form 10-K for the year ended December 31, 2021 filed with the SEC
on March 24, 2022, and the following risks and uncertainties: the
negative impact that the COVID-19 pandemic has already had, and may
continue to have, on the Company’s business and financial
condition; the general economic impact of the current geopolitical
environment, including the ongoing military conflict in Ukraine and
the impact of related sanctions being imposed by the U.S.
Government and the governments of other countries; the Company’s
ability to maintain and expand its revenue streams to compensate
for the lower demand for the Company’s digital cinema products and
installation services; potential interruptions of supplier
relationships or higher prices charged by suppliers; the Company’s
ability to successfully compete and introduce enhancements and new
features that achieve market acceptance and that keep pace with
technological developments; the Company’s ability to successfully
execute its capital allocation strategy or achieve the returns it
expects from these holdings; the Company’s ability to maintain its
brand and reputation and retain or replace its significant
customers; challenges associated with the Company’s long sales
cycles; the impact of a challenging global economic environment or
a downturn in the markets (such as the current economic disruption
and market volatility generated by the ongoing COVID-19 pandemic
and geopolitical environment); economic and political risks of
selling products in foreign countries (including tariffs); risks of
non-compliance with U.S. and foreign laws and regulations,
potential sales tax collections and claims for uncollected amounts;
cybersecurity risks and risks of damage and interruptions of
information technology systems; the Company’s ability to retain key
members of management and successfully integrate new executives;
the Company’s ability to complete acquisitions, strategic
investments, entry into new lines of business, divestitures,
mergers or other transactions on acceptable terms, or at all; the
impact of the COVID-19 pandemic and the current geopolitical
tension and related sanctions on the companies in which the Company
holds equity stakes; the Company’s ability to utilize or assert its
intellectual property rights, the impact of natural disasters and
other catastrophic events (such as the ongoing COVID-19 pandemic or
the ongoing military conflict in Ukraine); the adequacy of
insurance; the impact of having a controlling stockholder and
vulnerability to fluctuation in the Company’s stock price. Given
the risks and uncertainties, readers should not place undue
reliance on any forward-looking statement and should recognize that
the statements are predictions of future results which may not
occur as anticipated. Many of the risks listed above have been, and
may further be, exacerbated by the COVID-19 pandemic, its impact on
the cinema and entertainment industry, and general economic
conditions, including the ongoing military conflict in Ukraine and
related sanctions, such as inflationary pressures and disruptions
in the global supply chain and the worsening economic environment.
Actual results could differ materially from those anticipated in
the forward-looking statements and from historical results, due to
the risks and uncertainties described herein, as well as others not
now anticipated. New risk factors emerge from time to time, and it
is not possible for management to predict all such risk factors,
nor can it assess the impact of all such factors on the Company’s
business or the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those
contained in any forward-looking statements. Except where required
by law, the Company assumes no obligation to update, withdraw or
revise any forward-looking statements to reflect actual results or
changes in factors or assumptions affecting such forward-looking
statements.
STRONG/MDI Screen Systems, Inc. Contact
Francois
Barrette |
Senior Vice President & General Manager |
450-755-3795 |
info@strongmdi.com |
FG Group Holdings Investor Relations
Contacts
Mark
Roberson |
John Nesbett /
Jennifer Belodeau |
FG Group Holdings Inc. - Chief Executive Officer |
IMS Investor Relations |
704-994-8279 |
203-972-9200 |
IR@btn-inc.com |
jnesbett@institutionalms.com |
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