Moving iMage Technologies Receives Award to Provide Equipment for New Alamo Drafthouse Cinema Location
July 19 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 $1.6 million contract from Alamo Drafthouse Cinema
to provide equipment and furnishings for the new Alamo Rhode Island
Avenue location in Washington, D.C.
The contract represents MiT’s first major order following
construction delays throughout the cinema industry due to the
pandemic. As part of the agreement with Alamo Drafthouse Cinema,
MiT will provide and install all projection and sound equipment for
a new nine-screen state-of-the-art cinema, which is currently
scheduled to open in fall 2021. The equipment will include a full
complement of MiT manufactured products—bases, dimmers,
automations, power filtering and distribution electronics.
In connection with this project, MiT also is providing,
integrating and installing projection and audio cinema products
from Barco, Dolby, QSC and GDC, along with auditorium interior
finishes, including screens, drapery, carpeting and aisle
lighting.
Joseph Edwards, owner and Alamo franchisee, said, “MiT has been
a long-time, trusted partner of ours, having furnished and
installed equipment at our other sites in Charlottesville, Loudoun
and Woodbridge. It’s great to have a quality one-stop-shop for the
auditorium and booth fixturing.”
About Alamo Drafthouse Cinema
Alamo Drafthouse Cinema is a high-end American cinema chain
founded in 1997 in Austin, Texas, that is famous for serving
dinner and drinks during the movies. It currently has 38 locations
throughout the United States.
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 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.
Investor Relations and Media Contacts:
Laurie Berman/Judy SfetcuPondelWilkinson
Inc.310-279-5980Investors@movingimagetech.com
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