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Moving iMage Technologies Secures $9M Contract to Install 150 Barco Laser Projectors Over Three Years
Newsfileยท 2025-06-20 11:51
Core Points - Moving iMage Technologies has secured a $9 million contract to install 150 Barco laser projectors over the next three years, indicating a significant technology upgrade for the cinema industry [1][2] - The revenue from this agreement will be recognized evenly over the company's next three fiscal years starting from FY26, with initial installations set to begin in the fall of 2025 [2] - The partnership aims to enhance customer experience and reduce operating costs by transitioning from traditional lamp-based systems to advanced laser projection technology [3] Company Overview - Moving iMage Technologies is a provider of advanced out-of-home entertainment technology and services, focusing on cinemas, esports venues, and other entertainment spaces [1][7] - The company manufactures a wide range of digital cinema peripherals and integrates equipment from various leading brands, including Barco, Christie Digital, and Dolby [8] - Barco, headquartered in Belgium, specializes in visualization and collaboration solutions, with a reported sales figure of 947 million euros in 2024 [5][6]