Shares of Moving iMage Technologies, Inc. (NYSE: MITQ) are witnessing a bullish trajectory in stock price subsequent to the announcement of a significant contract acquisition. At the latest market observation within the ongoing trading session, MITQ stock exhibited a notable surge of 58.17%, reaching $1.105.
Alamo Drafthouse Project Boosts MITQ’s Profile
Moving iMage (MITQ) divulged its latest achievement, securing a contract for a new Alamo Drafthouse project set to inaugurate in the upcoming summer at the Georgetown locale in Indianapolis, Indiana. This endeavor marks another milestone in Moving iMage’s strategic collaboration with Alamo, a rapidly expanding dine-in entertainment chain across North America.
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Cutting-Edge Technology Elevates Cinematic Experience
The Georgetown venue in Indianapolis represents the 44th Alamo establishment furnished by Moving iMage, promising a peerless cinematic engagement for the local populace. Boasting a comprehensive suite of Moving iMage’s proprietary manufactured products, the site incorporates advanced energy management solutions, bases, dimmers, automation systems, and ADA equipment.
Furthermore, the venue exclusively features 100% 4K laser projection leveraging cutting-edge technology, ensuring breathtaking visuals and immersive viewing encounters. Equipped with full Q-sys AV distribution, processing, and amplification from QSC, crystal-clear audio permeates every screening, enhancing the overall cinematic immersion.
Professionals Ensure Flawless Execution
Seasoned professionals at Moving iMage meticulously oversee the project management, integration, and installation processes, ensuring seamless execution and optimal performance of all systems involved. This event offers a firsthand opportunity to witness the innovation and dedication underpinning Moving iMage’s and Alamo’s latest joint venture.
Moreover, Moving iMage recently concluded field testing for LEA’s smart power amplifiers with a top-10 circuit, yielding promising results. MITQ has initiated testing of these products at another top-10 circuit and aims to commence field testing at two additional top-10 circuits in the forthcoming quarters.
While Moving iMage has achieved initial success in integrating LEA products into new cinema constructions, the attrition market for LEA smart power amplifiers presents a substantial opportunity, estimated at $30-60 million annually in North America for MITQ to penetrate gradually.
