Captivision Inc. (NASDAQ: CAPT), a pioneer and exclusive
manufacturer of architectural media glass, announces a partnership
with Framework and a prominent entertainment and streaming service
partner to bring an immersive experience to the Framework in the
Desert afterparty in Coachella Valley during the upcoming festival
weekend. Captivision will deliver a unique media glass installation
over three nights from Friday, April 12 through Sunday, April 14.
The strategic partners are creating a revolutionary experience
through Captivision’s innovative media glass installed on modified
freight containers. This collaboration marks the inception of a new
area of strategic focus for Captivision dedicated to pushing
boundaries and redefining the live entertainment experience.
The Captivision installation will play digital content from the
entertainment partners and Framework including art, trailers, and
advertisements throughout the Framework in the Desert event at the
Atlantic Aviation airport hangar in Thermal, California. Framework
in the Desert, a renowned festival afterparty featuring top
electronic music artists, is expected to generate over 80,000
physical impressions and over 1,000,000 social impressions through
the weekend.
“We are excited to join forces with Framework and our
entertainment partners to energize the Framework in the Desert
audience,” said Gary Garrabrant, Captivision Chairman &
CEO. “We expect this collaboration will be the first of many
with important entertainment media partners which will broaden and
diversify Captivision’s revenue generation potential and presence
in the United States.”
Captivision expects that Framework in
the Desert will catalyze Captivision’s event and festival activity
in the United States. Drawing upon management’s years of
collaborations with events and festivals in multiple geographies,
the company plans a substantial and growing presence in
entertainment media.
About CaptivisionCaptivision is a pioneer and
exclusive manufacturer of media glass combining IT building
material and architectural glass. The product has a boundless array
of applications including entertainment media, information media,
cultural and artistic content as well as marketing use cases.
Captivision can transform any glass façade into a transparent media
screen with real time live stream capability.
Captivision’s media glass and solutions have been implemented in
hundreds of locations globally across sports stadiums,
entertainment venues, casinos and hotels, convention centers,
office and retail properties and airports. Learn more at
http://www.captivision.com/.
About FrameworkFramework was founded in 2013
with the goal of becoming the leading purveyor of unique event
experiences in Los Angeles. Since their conception, Framework has
hosted upwards of 200 artists and 1.1 million guests across 35
venues internationally, including portfolio featuring the Yuma Tent
at Coachella, Sound Nightclub, Nylon House, the unprecedented
shutdown of Hollywood Boulevard with Fisher x Chris Lake and more.
Framework has since become the principal consultant, talent buyer,
and event producer for businesses and brands looking to present
nightlife experiences to their markets.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, as amended. These forward-looking statements include, without
limitation, statements relating to expectations for future
financial performance, business strategies or expectations for the
Captivision Inc. (the “Company”) respective businesses. These
statements are based on the beliefs and assumptions of the
management of the Company. Although the Company believe that its
plans, intentions and expectations reflected in or suggested by
these forward-looking statements are reasonable, it cannot assure
you that it will achieve or realize these plans, intentions or
expectations. These statements constitute projections, forecasts
and forward-looking statements, and are not guarantees of
performance. Such statements can be identified by the fact that
they do not relate strictly to historical or current facts. When
used in this press release, words such as “anticipate”, “believe”,
“can”, “continue”, “could”, “estimate”, “expect”, “forecast”,
“intend”, “may”, “might”, “plan”, “possible”, “potential”,
“predict”, “project”, “seek”, “should”, “strive”, “target”, “will”,
“would” or the negative of such terms, and similar expressions, may
identify forward-looking statements, but the absence of these words
does not mean that a statement is not forward-looking.
The risks and uncertainties include, but are not limited to: (1)
the ability to raise financing in the future and to comply with
restrictive covenants related to indebtedness; (2) the ability to
realize the benefits expected from the business combination and the
Company’s strategic direction; (3) the significant market adoption,
demand and opportunities in the construction and digital out of
home media industries for GLAAM’s products; (4) the ability to
maintain the listing of the Company’s ordinary shares and warrants
on Nasdaq; (5) the ability of GLAAM to remain competitive in the
fourth generation architectural media glass industry in the face of
future technological innovations; (6) the ability of GLAAM to
execute its international expansion strategy; (7) the ability of
GLAAM to protect its intellectual property rights; (8) the
profitability of GLAAM’s larger projects, which are subject to
protracted sales cycles; (9) whether the raw materials, components,
finished goods and services used by GLAAM to manufacture its
products will continue to be available and will not be subject to
significant price increases; (10) the IT, vertical real estate and
large format wallscape modified regulatory restrictions or building
codes; (11) the ability of GLAAM’s manufacturing facilities to meet
their projected manufacturing costs and production capacity; (12)
the future financial performance of the Company and GLAAM; (13) the
emergence of new technologies and the response of our customer base
to those technologies; (14) the ability of the Company and GLAAM to
retain or recruit, or to effect changes required in, their
respective officers, key employees or directors; (15) the ability
of the Company and GLAAM to comply with laws and regulations
applicable to its business; and other risks and uncertainties set
forth under the section of the prospectus included in the
Registration Statement Form F-1 (File No. 333-276243) entitled
“Risk Factors.”
These forward-looking statements are based on information
available as of the date of this press release and the Company’s
management team’s current expectations, forecasts and assumptions,
and involve a number of judgments, known and unknown risks and
uncertainties and other factors, many of which are outside the
control of the Company and its directors, officers and affiliates.
Accordingly, forward-looking statements should not be relied upon
as representing the Company management team’s views as of any
subsequent date. The Company does not undertake any obligation to
update, add or to otherwise correct any forward-looking statements
contained herein to reflect events or circumstances after the date
they were made, whether as a result of new information, future
events, inaccuracies that become apparent after the date hereof or
otherwise, except as may be required under applicable securities
laws.
Media Contact:Dukas Linden Public Relations +1
212.704.7385captivision@dlpr.com
Investor Contact:Gateway GroupCody Slach or
Jackie KeshnerT: 949-574-3860CAPT@gateway-grp.com
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