Captivision Inc. (“Captivision” or the “Company”) (NASDAQ: CAPT), a
pioneer and manufacturer of architectural media glass, today
announced its collaboration with Mohegan, a global leader in
premium entertainment and gaming resorts. Through this partnership,
Captivision has installed a dynamic media glass façade at Mohegan
INSPIRE Entertainment Resort (“Mohegan INSPIRE” or “INSPIRE”),
located adjacent to Incheon International Airport in South Korea.
INSPIRE presents a groundbreaking range of amenities and
attractions, setting a new standard with Mohegan’s first
international destination resort in Northern Asia.
The transparent media glass façade at INSPIRE seamlessly
integrates advanced display capabilities with the resort’s striking
architecture to take the location's already unique nature to the
next level. Designed to captivate and engage viewers, the space
allows for the vivid display of media content, creating a
mesmerizing canvas and enriching the overall ambiance and guest
experience.
Mohegan INSPIRE Entertainment Resort
"We are thrilled to collaborate with Mohegan on what we believe
will be the first of many iconic properties,” said Gary
Garrabrant, Captivision Chairman & Chief Executive
Officer. "Mohegan and INSPIRE are emblematic of
Captivision’s commitment to being a trusted solution provider for
world-class partners.”
This state-of-the-art installment in the International Business
Center area of Incheon International Airport marks Captivision’s
first collaboration with Mohegan, a leading gaming, hospitality,
and entertainment group operating seven facilities in the United
States, Canada, and South Korea, including its well-known flagship
destination, Mohegan Sun, located in southeastern Connecticut,
United States.
“INSPIRE represents a significant milestone for Mohegan on
multiple levels,” said Chen Si, President of Mohegan
INSPIRE. “We are excited about joining forces with
Captivision at our landmark Asian resort and look forward to future
collaboration.”
Mohegan INSPIRE Entertainment Resort
The seamless integration of Captivision's advanced display
technology with INSPIRE's architectural design underscores a
collaborative effort to redefine digital engagement in hospitality
and entertainment environments. The transparent nature of the
façade preserves panoramic views of the surrounding area while
delivering unparalleled visual content tailored to various events,
promotions, or artistic expressions.
Mohegan INSPIRE Entertainment Resort
Captivision’s transparent media glass façade represents a
significant milestone in the convergence of art, architecture, and
technology. As the first installation of its kind at a major
hospitality venue in Korea, it sets a new standard for captivating
visual experiences within urban landscapes.
About CaptivisionCaptivision is a pioneering
manufacturer of media glass, combining IT building materials with
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 is fast
becoming a solution provider across the LED product spectrum.
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.
Cautionary Note Regarding Forward-Looking
StatementsThis 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 Company’s respective businesses. These
statements are based on the beliefs and assumptions of the
management of the Company. Although the Company believes 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 “believe”, “can”,
“continue”, “expect”, “forecast”, “may”, “plan”, “project”,
“should”, “will” 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 the Company’s products; (4) the ability
to maintain the listing of the Company’s ordinary shares and
warrants on Nasdaq; (5) the ability of the Company to remain
competitive in the fourth generation architectural media glass
industry in the face of future technological innovations; (6) the
ability of the Company to execute its international expansion
strategy; (7) the ability of the Company to protect its
intellectual property rights; (8) the profitability of the
Company’s larger projects, which are subject to protracted sales
cycles; (9) whether the raw materials, components, finished goods,
and services used by the Company 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 the Company’s manufacturing facilities
to meet their projected manufacturing costs and production
capacity; (12) the future financial performance of the Company;
(13) the emergence of new technologies and the response of the
Company’s customer base to those technologies; (14) the ability of
the Company to retain or recruit, or to effect changes required in,
its officers, key employees, or directors; (15) the ability of the
Company to comply with laws and regulations applicable to its
business; and (16) other risks and uncertainties set forth under
the section of the Company’s Annual Report on Form 20-F 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 GroupRalf Esper+1
949.574.3860CAPT@gateway-grp.com
Photos accompanying this announcement are available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/9e3b7d26-14a0-4132-a93b-b89b00ffe0c1https://www.globenewswire.com/NewsRoom/AttachmentNg/955edf01-e835-40bb-beca-4036b3874c68https://www.globenewswire.com/NewsRoom/AttachmentNg/9ccc834b-4262-47f4-8584-0759307632bb
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