Moving iMage Technologies Appoints Francois Godfrey as Vice President, Business Development - Sales

Rhea-AI Summary

Moving iMage Technologies (NYSE: MITQ) has appointed Francois Godfrey as Vice President of Business Development – Sales. Godfrey, with over 20 years of industry experience, previously held key roles at Christie Digital Systems and Barco Inc. His responsibilities will focus on enhancing the go-to-market strategy for MiT's CineQC SaaS platform and expanding the company's reach beyond North America. This leadership change aims to leverage Godfrey's expertise to drive revenue growth for MiT's innovative technology initiatives.

Positive

• Francois Godfrey brings over 20 years of business development experience, enhancing leadership.
• Focus on innovative technologies like CineQC SaaS platform could drive future revenue.

Negative

• Concerns about continuity and experience gaps in leadership may arise following the change.

FOUNTAIN VALLEY, Calif.--(BUSINESS WIRE)-- Moving iMage Technologies (NYSE American: MITQ) (“MiT”), a leading digital cinema technology company, today announced it has appointed Francois Godfrey as Vice President, Business Development – Sales, reporting to Joe Delgado, Executive Vice President, Marketing and Sales.

Godfrey brings over 20 years of business development, marketing and sales experience at a variety of leading digital cinema technology companies. Most recently he served as Director, Business Development and Sales for Christie Digital Systems Inc., a leading digital visualization technology company focused on cinema and other markets. At Christie, he was responsible for the strategy and execution of its Profesional Services Division including M&A in the software-as-a-services (SaaS) space, as well as driving both divisional and corporate revenue generation activities. Prior to Christie, Godfrey was director of business development at Barco Inc., a leading visualization technology manufacturer and vice president of marketing at Ballantyne Strong Inc.

“Francois is the consummate business development and sales professional,” said Joe Delgado, executive vice president of marketing and sales for MiT. “With his success in technology and SaaS solutions at prior employers, we are tasking him with building the go-to-market strategy for MiT’s disruptive emerging growth technology initiatives including our CineQC SaaS platform, our MiTranslator multi-language translator product and subscription service and other products currently in development. Francois will also play a key role in expanding our reach beyond North America and into other verticals beyond cinema. I’m extremely excited for him to join our team.”

About Moving iMage Technologies

Moving iMage Technologies is a leading manufacturer and integrator of purpose-built technology solutions 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220223005908/en/

Investor Relations and Media Contact:

Brian Siegel, IRC®, M.B.A.

Managing Director

Hayden IR

(346) 396-8696

brian@haydenir.com

Source: Moving iMage Technologies

FAQ

What is the recent management change at Moving iMage Technologies (MITQ)?

Moving iMage Technologies has appointed Francois Godfrey as Vice President of Business Development – Sales, effective immediately.

What are Francois Godfrey's qualifications relevant to MITQ?

Francois Godfrey has over 20 years of experience in business development, previously working at Christie Digital Systems and Barco Inc.

What is Godfrey's primary responsibility at MITQ?

He is tasked with building the go-to-market strategy for MiT's technologies, including the CineQC SaaS platform.

How might Godfrey's appointment impact MITQ's market strategy?

His experience is expected to strengthen MITQ's market strategy and expand its reach into other verticals beyond cinema.