D-BOX Technologies’ Haptic Experience Coming to More than 50 Additional Cinemark Auditoriums by Year-End 2024
08 April 2024 - 2:00PM
D-BOX Technologies Inc. (“D-BOX” or the "Corporation") (TSX: DBO),
a world leader in haptic and immersive entertainment, is delighted
to announce that it is increasing its in-theater presence through
an expansion of its relationship with Cinemark Holdings Inc.
(“Cinemark”), one of the largest and most influential theatrical
exhibition companies in the world. Together, they will bring
D-BOX’s immersive haptic seats to more than 50 additional Cinemark
auditoriums in 2024. The expansion emphasizes D-BOX's unwavering
commitment to enhancing the theatrical experience for moviegoers,
while solidifying its position as a pioneer in immersive technology
innovation.
This announcement builds on a long-standing
relationship that has introduced state-of-the-art haptic technology
to more than 325 auditoriums across Cinemark’s global circuit.
Notably, Cinemark shared during their fourth quarter 2023 earnings
call that they grew their D-BOX motion footprint by 16% throughout
the year and generated all-time-high D-BOX admissions revenues, an
87% increase compared to 2019.
"We are thrilled to grow our partnership with
Cinemark to bring D-BOX haptic seats to even more moviegoers across
the globe,” said Sébastien Mailhot, President and CEO at D-BOX.
“This continued expansion represents another milestone in our
mission to revolutionize the entertainment industry, and we are
committed to delivering unparalleled immersive experiences that
captivate audiences and elevate the cinematic journey.”
The continued rollout of D-BOX motion seats
across Cinemark locations reaffirms both companies' dedication to
innovation, excellence, and customer satisfaction. As leaders in
their respective fields, Cinemark and D-BOX Technologies are
committed to shaping the future of entertainment and delivering
unforgettable experiences that captivate audiences worldwide.
ABOUT D-BOXD-BOX creates and
redefines realistic, immersive entertainment experiences by moving
the body and sparking the imagination through effects: motion,
vibration and texture. D-BOX has collaborated with some of the best
companies in the world to deliver new ways to enhance great
stories. Whether it’s films, video games, music, relaxation,
virtual reality applications, metaverse experience, themed
entertainment or professional simulation, D-BOX creates a feeling
of presence that makes life resonate like never before. D-BOX
Technologies Inc. (TSX: DBO) is headquartered in Montreal with
offices in Los Angeles, USA and Beijing, China. Visit
D-BOX.com.
ABOUT CINEMARK HOLDINGS
INC.Cinemark Holdings, Inc. (NYSE: CNK) provides
extraordinary out-of-home entertainment experiences as one of the
largest and most influential theatrical exhibition companies in the
world. Based in Plano, Texas, Cinemark makes every day cinematic
for moviegoers across more than 500 theaters and 5,500 screens,
operating in 42 states in the U.S. (309 theaters; 4,324 screens)
and 13 South and Central American countries (192 theaters; 1,395
screens). Cinemark offers guests superior sight and sound
technology, including Barco laser projection and Cinemark XD, the
world’s No. 1 exhibitor-branded premium large format;
industry-leading penetration of upscale amenities such as expanded
food and beverage offerings, Luxury Lounger recliners and D-BOX
motion seats; top-notch guest service; and award-winning loyalty
programs such as Cinemark Movie Club. All of this creates an
immersive environment for a shared, entertaining escape,
underscoring that there is no place more cinematic than Cinemark.
For more information, visit https://ir.cinemark.com.
FOR FURTHER INFORMATION, PLEASE
CONTACT:
TECHNOLOGIES D-BOX INC.MBC
Capital Markets AdvisorsTrevor Heisler
+1 416 500-8061investors@d-box.com
CINEMARK HOLDINGS, INC.Caitlin Piper(972)
665-1418pr@cinemark.com
DISCLAIMER REGARDING FORWARD-LOOKING
STATEMENTS
Certain information included in this press
release may constitute “forward-looking information” within the
meaning of applicable Canadian securities legislation.
Forward-looking information may include, among others, statements
regarding the future plans, activities, objectives, operations,
strategy, business outlook, and financial performance and condition
of the Corporation, or the assumptions underlying any of the
foregoing. In this document, words such as “may”, “would”, “could”,
“will”, “likely”, “believe”, “expect”, “anticipate”, “intend”,
“plan”, “estimate” and similar words and the negative form thereof
are used to identify forward-looking statements. Forward-looking
statements should not be read as guarantees of future performance
or results, and will not necessarily be accurate indications of
whether, or the times at or by which, such future performance will
be achieved. Forward-looking information, by its very nature, is
subject to numerous risks and uncertainties and is based on several
assumptions which give rise to the possibility that actual results
could differ materially from the Corporation’s expectations
expressed in or implied by such forward-looking information and no
assurance can be given that any events anticipated by the
forward-looking information will transpire or occur, including but
not limited to the future plans, activities, objectives,
operations, strategy, business outlook and financial performance
and condition of the Corporation.
Forward-looking information provided in this
document is based on information available at the date hereof
and/or management’s good-faith belief with respect to future events
and are subject to known or unknown risks, uncertainties,
assumptions and other unpredictable factors, many of which are
beyond the Corporation’s control.
Except as may be required by Canadian securities
laws, the Corporation does not intend nor does it undertake any
obligation to update or revise any forward-looking information
contained in the annual information form to reflect subsequent
information, events, circumstances or otherwise.
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