D-BOX Technologies Inc. (“D-BOX” or the "Corporation") (TSX: DBO) a
world leader in haptic and immersive entertainment, has been
recognized as one of Canada’s Top Growing Companies in The Globe
and Mail’s 2024 Report on Business. D-BOX achieved record total
revenues of $39.6 million in its fiscal year ended March 31, 2024,
representing revenue growth of 257% over the past three fiscal
years.
D-BOX was also included in a Report on Business
magazine feature titled “Supersize me: From fintech to nerdcore to
high-tech surveillence, meet 14 of Canada’s Top Growing
Companies.”
“It is an honour to be acknowledged as one of
Canada’s Top Growing Companies,” said Sébastien Mailhot, President
and Chief Executive Officer of D-BOX. “Over the past three years,
we have significantly expanded our footprint in the theatrical
market and established D-BOX as a key player in both the sim racing
and the simulation and training markets. All the while, we refined
our focus on these three commercial markets and drove significant
improvements in profitability. I want to thank everyone at D-BOX
for their contributions to these accomplishments and helping us
receive this most recent accolade.”
“We remain bullish on the overall potential for
haptics in commercial markets and our positioning and alignment
with market trends for both immersive entertainment and virtual
training. Everything is going virtual, but human beings will never
stop wanting to have experiences in reality—or those that
approximate it. The experience economy is an increasing part of our
day-to-day, and we’ll continue to innovate within it.”
Canada's Top Growing Companies is an editorial
ranking that was launched in 2019 to celebrate the achievements of
innovative businesses in Canada. To qualify for this voluntary
program, companies had to complete an in-depth application process
and fulfill revenue requirements. In total, 417 companies earned a
spot on this year's ranking. The full list of 2024 winners, along
with editorial coverage, is published in the October issue of
Report on Business magazine. The list is out now and online
here.
ABOUT REPORT ON BUSINESS
Report on Business magazine is the trusted
source for business leaders and ambitious Canadians making a
difference. With a monthly readership of 2.7 million across print /
digital, Report on Business is the premier magazine for leaders
across industries, corporations, start-ups, and small
businesses.
ABOUT D-BOX
D-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 movies,
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.
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 is provided in this
press release for the purpose of giving information about
Management’s current expectations and plans and allowing investors
and others to get a better understanding of the Corporation’s
operating environment. However, readers are cautioned that it may
not be appropriate to use such forward-looking information for any
other purpose.
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.
The risks, uncertainties and assumptions that
could cause actual results to differ materially from the
Corporation’s expectations expressed in or implied by the
forward-looking information include, but are not limited to, the
overall potential for haptics in commercial markets and the
Corporation’s positioning and alignment with market trends for both
immersive entertainment and virtual training. These and other risk
factors that could cause actual results to differ materially from
expectations expressed in or implied by the forward-looking
information are discussed under “Risk Factors” in the Corporation’s
annual information form for the fiscal year ended March 31, 2024, a
copy of which is available on SEDAR+ at www.sedarplus.ca.
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 this press release to reflect subsequent information,
events, circumstances or otherwise.
The Corporation cautions readers that the risks
described above are not the only ones that could have an impact on
it. Additional risks and uncertainties not currently known to the
Corporation or that the Corporation currently deems to be
immaterial may also have a material adverse effect on the
Corporation’s business, financial condition or results of
operations.
CONTACT INFORMATION
Josh Chandler Chief Financial
OfficerD-BOX Technologies Inc.514-928-8043jchandler@d-box.com |
Trevor Heisler Vice President
Investor Relations MBC Capital Markets
Advisors416-500-8061investors@d-box.com
|
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