Moving iMage Technologies to Upgrade Alamo Drafthouse’s Recently Acquired Las Colinas, Texas Location
Moving iMage Technologies ($MITQ) has announced a significant upgrade project for Alamo Drafthouse's recently acquired Las Colinas, Texas location. The project includes the installation of seven state-of-the-art Barco SP4K RGB projectors, Alchemy servers, and MiT's proprietary manufactured products such as advanced automation systems and power filtering IS-30 units. Additionally, new screens will be installed to complement the high-definition projection system.
This upgrade aims to enhance the movie-going experience by providing exceptional image clarity, color accuracy, and streamlined content management. The collaboration between MiT and Alamo Drafthouse demonstrates their commitment to delivering top-tier cinematic technology and a superior visual experience for audiences.
Moving iMage Technologies ($MITQ) ha annunciato un importante progetto di aggiornamento per la recente acquisizione del cinema Alamo Drafthouse a Las Colinas, Texas. Il progetto prevede l'installazione di sette proiettori Barco SP4K RGB all'avanguardia, server Alchemy e prodotti di fabbricazione proprietaria di MiT, come sistemi di automazione avanzati e unità di filtraggio di potenza IS-30. Inoltre, nuove schermate verranno installate per completare il sistema di proiezione ad alta definizione.
Questo aggiornamento ha l'obiettivo di migliorare l'esperienza cinematografica fornendo un'eccezionale chiarezza dell'immagine, precisione dei colori e gestione dei contenuti semplificata. La collaborazione tra MiT e Alamo Drafthouse dimostra il loro impegno nel fornire tecnologie cinematografiche di alta qualità e un'esperienza visiva superiore per il pubblico.
Moving iMage Technologies ($MITQ) ha anunciado un importante proyecto de actualización para la ubicación de Alamo Drafthouse recién adquirida en Las Colinas, Texas. El proyecto incluye la instalación de siete proyectores Barco SP4K RGB de última generación, servidores Alchemy y productos fabricados de manera propietaria por MiT, como sistemas de automatización avanzados y unidades de filtrado de energía IS-30. Además, se instalarán nuevas pantallas para complementar el sistema de proyección de alta definición.
Esta actualización tiene como objetivo mejorar la experiencia de ver películas al proporcionar una claridad de imagen excepcional, precisión del color y una gestión de contenido optimizada. La colaboración entre MiT y Alamo Drafthouse demuestra su compromiso de ofrecer tecnología cinematográfica de primera clase y una experiencia visual superior para el público.
Moving iMage Technologies ($MITQ)는 최근 인수한 텍사스주 라스 콜리나스에 있는 Alamo Drafthouse를 위한 중요한 업그레이드 프로젝트를 발표했습니다. 이 프로젝트에는 최첨단 Barco SP4K RGB 프로젝터 7대, Alchemy 서버 및 MiT에서 독점적으로 제조한 제품인 고급 자동화 시스템 및 전원 필터링 IS-30 유닛의 설치가 포함됩니다. 또한 새로운 스크린이 설치될 예정입니다 높은 해상도 프로젝션 시스템을 보완하기 위해.
이 업그레이드는 예외적인 이미지 선명도, 색상 정확도 및 간소화된 콘텐츠 관리를 제공하여 영화 관람 경험을 향상하는 것을 목표로 하고 있습니다. MiT와 Alamo Drafthouse의 협업은 관객을 위한 최상급 시네마 기술과 우수한 시각적 경험을 제공하겠다는 그들의 의지를 보여줍니다.
Moving iMage Technologies ($MITQ) a annoncé un projet d'amélioration significatif pour l'emplacement récemment acquis d'Alamo Drafthouse à Las Colinas, Texas. Le projet comprend l'installation de sept projecteurs Barco SP4K RGB à la pointe de la technologie, de serveurs Alchemy et de produits fabriqués par MiT, tels que des systèmes d'automatisation avancés et des unités de filtrage d'énergie IS-30. De plus, de nouveaux écrans seront installés pour compléter le système de projection haute définition.
Cette mise à niveau vise à améliorer l'expérience cinématographique en offrant une clarté d'image exceptionnelle, une précision des couleurs et une gestion de contenu rationalisée. La collaboration entre MiT et Alamo Drafthouse démontre leur engagement à fournir des technologies cinématographiques de premier ordre et une expérience visuelle supérieure pour le public.
Moving iMage Technologies ($MITQ) hat ein bedeutendes Upgrade-Projekt für den kürzlich erworbenen Alamo Drafthouse-Standort in Las Colinas, Texas, angekündigt. Das Projekt umfasst die Installation von sieben hochmodernen Barco SP4K RGB-Projektoren, Alchemy-Servern und proprietär hergestellten Produkten von MiT, wie fortschrittlichen Automatisierungssystemen und IS-30-Einheiten zur Spannungsfilterung. Darüber hinaus werden neue Bildschirme installiert, um das hochauflösende Projektion System zu ergänzen.
Dieses Upgrade zielt darauf ab, das Filmerlebnis zu verbessern, indem außergewöhnliche Bildschärfe, Farbgenauigkeit und eine optimierte Inhaltsverwaltung bereitgestellt werden. Die Zusammenarbeit zwischen MiT und Alamo Drafthouse zeigt ihr Engagement für die Bereitstellung erstklassiger Kino Technologie und ein überragendes visuelles Erlebnis für das Publikum.
- Secured a significant upgrade project with Alamo Drafthouse for their Las Colinas location
- Installation of seven state-of-the-art Barco SP4K RGB projectors and associated MiT proprietary products
- Potential for increased revenue through enhanced movie-going experience
- Demonstrates ongoing business relationship with Alamo Drafthouse, following a similar project at their Richardson location
- None.
Insights
The upgrade project with Alamo Drafthouse represents a positive development for Moving iMage Technologies ($MITQ). While the exact financial terms aren't disclosed, this deal signifies continued business growth and customer trust in MITQ's products. The installation of seven state-of-the-art projectors and proprietary MiT products at a major cinema chain's location could translate to increased revenue and potentially improved profit margins.
This project, following a similar order for Alamo's Richardson location, suggests a growing relationship with a significant client. Such repeat business could lead to more stable revenue streams and potentially open doors for further expansion within the Alamo Drafthouse chain. For investors, this news indicates MITQ's ability to secure and expand key accounts, which is important for long-term growth in the competitive cinema technology sector.
The technological upgrades MITQ is implementing for Alamo Drafthouse are cutting-edge and demonstrate the company's commitment to innovation. The Barco SP4K RGB projectors represent the latest in projection technology, offering superior image quality and color accuracy. This, combined with MITQ's proprietary automation systems and power filtering IS-30 units, creates a comprehensive solution that addresses multiple aspects of cinema operations.
The inclusion of Alchemy servers for content management is particularly noteworthy, as it streamlines the digital cinema workflow. This integrated approach, combining hardware and software solutions, positions MITQ as a one-stop-shop for cinema upgrades. Such a holistic offering could give MITQ a competitive edge in the market, potentially leading to increased market share and customer retention.
This upgrade project aligns with the broader trend of cinema modernization as theaters seek to enhance the movie-going experience to compete with home entertainment options. The investment by Alamo Drafthouse, a respected chain known for its unique cinema experience, signals confidence in the future of theatrical exhibition.
For MITQ, this project could serve as a showcase for their capabilities, potentially attracting interest from other cinema chains looking to upgrade their facilities. The focus on improving visual quality and operational efficiency addresses key concerns in the industry, positioning MITQ as a relevant and forward-thinking player in the cinema technology space. If this upgrade significantly enhances audience experience and operational efficiency for Alamo Drafthouse, it could lead to increased demand for MITQ's solutions across the industry.
“We are thrilled to collaborate with Alamo Drafthouse on these exciting upgrades,” said Joe Delgado, executive vice president, sales and marketing at Moving iMage Technologies. “This project highlights our commitment to providing top-tier cinematic technology that enhances every aspect of the movie-watching experience. Similar to the recently announced order for the Alamo Drafthouse Richardson location, we are confident that these upgrades will also bring a new level of excellence to the Las Colinas location.”
This upgrade will see the installation of the latest Barco SP4K RGB projectors, known for their exceptional image clarity and color accuracy, alongside Alchemy servers for streamlined content management. Additionally, Alamo Drafthouse will benefit from MiT's proprietary manufactured products, including its advanced automation systems and power filtering IS-30 units, which ensure optimal performance and reliability. The project also includes the installation of new screens, which will complement the high-definition capabilities of the upgraded projection system, delivering a superior visual experience for audiences. Thanks to these advanced technologies, movie-goers at the Las Colinas location can look forward to a more immersive and vibrant cinematic experience.
About Moving iMage Technologies
Moving iMage Technologies (NYSE American: MITQ) is a leading provider of technology, products and services for the Motion Picture Exhibition industry, with expanding ventures into live entertainment venues and Esports. We design and manufacture a wide range of proprietary products in-house, including developing potentially disruptive SaaS and subscription-based solutions. Committed to excellence and innovation, Moving iMage Technologies aims to revolutionize the out of home entertainment experience with cutting-edge technology and superior service. For more information, visit www.movingimagetech.com.
About Alamo Drafthouse Cinema
Alamo Drafthouse Cinema was founded in 1997 as a single-screen mom and pop repertory theater in
Forward-Looking Statements
All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, we assume no obligation to update any forward-looking statements.
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Moving iMage Technologies Investor Relations and Media Contacts:
Brian Siegel, IRC®, M.B.A.
Vice President, Strategic Communications and Investor Relations, MiT
Senior Managing Director, Hayden IR
(346) 396-8696
brian@haydenir.com
Source: Moving iMage Technologies
FAQ
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