- Thailand’s biggest cinema operator is making a major purchase from Arht Media (ART)
- The deal revolves around the Toronto-based tech company’s CAPSULE hologram display technology
- The client becomes the first cinema operator in the world to purchase CAPSULE technology
- Aht Media recently reported record third quarter revenues of $2.02 million, up from $1.05 million in the third quarter of 2021, an increase of 92 percent
- Arht Media (ART) is up 9.36 percent trading at $0.17 per share
Thailand’s biggest cinema operator is making a major purchase from Arht Media (ART).
The deal revolves around the Toronto-based tech company’s CAPSULE hologram display technology.
MAJOR CINEPLEX vies its purchase of the technology is set to “revolutionize the cinema-going experience”.
The client becomes the first cinema operator in the world to purchase CAPSULE technology.
The company previously rolled out its hologram display systems across North America and Europe earlier this year, though not in a cinematic environment.
Arht Media recently reported record third quarter revenues of $2.02 million, up from $1.05 million in the third quarter of 2021, an increase of 92 percent.
CAPSULE is a plug-and-play, fully interactive 4K hologram display, enabling the merging of the physical world with the metaverse like never before.
Cinema audiences will now be able to meet and greet with life-sized 3D holograms in real-time, enabling talent to be beamed live to the screen from anywhere in the world.
“Now more than ever we are seeing bricks and mortar cinemas needing to come up with new and innovative ways to attract audiences through their doors. We cannot wait to begin working with MAJOR CINEPLEX to give their audiences amazing experiences that they just cannot get at home,” said CEO Larry O’Reilly.
Arht Media (ART) is up 9.36 percent, trading at $0.17 at 11:44 am ET.
