Captivision Announces Collaboration with Mohegan INSPIRE Entertainment Resort

Rhea-AI Summary

Captivision Inc. (NASDAQ: CAPT) has announced a collaboration with Mohegan, installing a dynamic media glass façade at Mohegan INSPIRE Entertainment Resort in South Korea. This marks Captivision's first partnership with Mohegan, a global leader in entertainment and gaming resorts. The transparent media glass façade integrates advanced display capabilities with the resort's architecture, creating a mesmerizing canvas for media content.

Located near Incheon International Airport, INSPIRE is Mohegan's first international destination resort in Northern Asia. The installation in the International Business Center area showcases Captivision's commitment to providing innovative solutions for world-class partners. This collaboration sets a new standard for visual experiences in hospitality and entertainment environments, preserving panoramic views while delivering tailored visual content.

Positive

• Collaboration with a global leader in entertainment and gaming resorts (Mohegan)
• Installation of dynamic media glass façade at a major international resort
• Entry into the Asian market with a high-profile project
• Potential for future collaborations with Mohegan at other properties

Negative

• None.

Tech Expert

Captivision's collaboration with Mohegan INSPIRE showcases an innovative application of transparent media glass technology in the hospitality sector. This installation marks a significant advancement in architectural display systems, seamlessly blending digital content with physical structures. The technology's ability to preserve panoramic views while delivering dynamic visual content is particularly noteworthy.

From a technical standpoint, this implementation likely involves complex integration of LED or OLED technology within glass panels, requiring sophisticated control systems for content management. The scalability and adaptability of this solution could potentially revolutionize how entertainment venues engage with guests, opening new avenues for immersive experiences and targeted advertising.

While impressive, challenges may include high initial costs, maintenance complexities and potential issues with daylight visibility. The long-term durability and energy efficiency of such systems will be important factors in determining their widespread adoption in the industry.

Market Research Analyst

This collaboration signifies a strategic move for Captivision to penetrate the lucrative Asian hospitality market. By partnering with a renowned brand like Mohegan, Captivision gains valuable exposure and credibility, potentially leading to future contracts in the region. The South Korean market, known for its tech-savvy consumers and futuristic urban landscapes, serves as an ideal showcase for Captivision's innovative product.

For investors, this development indicates Captivision's ability to secure high-profile clients and expand its global footprint. However, it's important to monitor the financial implications of such projects, including installation costs, revenue models and long-term maintenance contracts. The success of this installation could pave the way for similar projects in other Asian markets, potentially driving significant growth for Captivision in the coming years.

Investors should also consider the competitive landscape and Captivision's ability to maintain its technological edge in this rapidly evolving sector.

First Asian Destination Comparable to Iconic Mohegan Sun

SEOUL, South Korea, Sept. 04, 2024 (GLOBE NEWSWIRE) -- 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 Captivision
Captivision 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 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 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
+1 212.704.7385
captivision@dlpr.com

Investor Contact:
Gateway Group
Ralf Esper
+1 949.574.3860
CAPT@gateway-grp.com

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/9e3b7d26-14a0-4132-a93b-b89b00ffe0c1
https://www.globenewswire.com/NewsRoom/AttachmentNg/955edf01-e835-40bb-beca-4036b3874c68
https://www.globenewswire.com/NewsRoom/AttachmentNg/9ccc834b-4262-47f4-8584-0759307632bb

FAQ

What is the significance of Captivision's collaboration with Mohegan INSPIRE?

The collaboration marks Captivision's entry into the Asian market with a high-profile project, showcasing its technology at Mohegan's first international destination resort in Northern Asia. It demonstrates Captivision's ability to work with global leaders in the entertainment and gaming industry.

How does Captivision's media glass façade enhance Mohegan INSPIRE Entertainment Resort?

Captivision's transparent media glass façade integrates advanced display capabilities with the resort's architecture, creating a mesmerizing canvas for media content. It preserves panoramic views while allowing for vivid display of tailored visual content, enhancing the overall ambiance and guest experience.

Where is the Captivision media glass façade installed at Mohegan INSPIRE?

The media glass façade is installed in the International Business Center area of Mohegan INSPIRE Entertainment Resort, located adjacent to Incheon International Airport in South Korea.

What potential future opportunities does this collaboration present for Captivision (CAPT)?

This collaboration could lead to future partnerships with Mohegan at their other properties worldwide. As stated by Captivision's CEO, they believe this will be the first of many iconic properties they work on with Mohegan, potentially opening doors for more installations and projects in the entertainment and hospitality sector.