Captivision Inc. (“Captivision” or the “Company”) (Nasdaq: CAPT), a
pioneer manufacturer of architectural media glass and innovative
LED solution provider, today announced a venture with digiLED, a
leading LED innovator and solution provider, and Canary Wharf Group
(“CWG”) to enhance Canary Wharf’s transformation from a world-class
financial center into a thriving mixed use neighborhood.
Working in collaboration with CWG,
Captivision and digiLED will design and create state-of-the-art LED
and architectural media glass throughout the iconic campus,
providing a vibrant platform for customer engagement and immersion
across the spectrum of entertainment, information, and advertising.
The initial Canary Wharf LED installation includes Adams Plaza and
Thomson Reuters Plaza slated for completion in February, 2025.
Eden Dock, Canary Wharf, London
"We are privileged and thrilled to
join forces with Canary Wharf Group," said Gary Garrabrant,
CEO of Captivision. "We are excited about collaborating
with digiLED at the iconic Canary Wharf, establishing our
partnership. This is an extraordinary opportunity for our
company."
"Returning to Canary Wharf in collaboration with Captivision in
this remarkable, next-generation project is immensely rewarding,"
said Graham Burgess, CEO of digiLED. "This is
indeed a rare opportunity to bring our bespoke and highest-standard
expertise to enhance the transformation of one of our earliest and
most important works."
Captivision’s transparent and non-transparent LED media
solutions provide a versatile and dynamic platform showcasing
high-resolution content without compromising architectural
integrity and user experience. Captivision’s partner, digiLED,
known for its innovative and bespoke digital solutions, will lead
the design and installation of the LED screens, ensuring
cutting-edge and highest-quality technology. In addition to the
original Canary Wharf LED, digiLED has designed and completed a
number of high-profile London installations including the home of
Arsenal Football Club Emirates Stadium and The O2 Arena.
About CaptivisionCaptivision is a pioneering
manufacturer of media glass, combining IT building materials with
architectural glass. The product has a boundless array of
applications including entertainment media, information media,
cultural and artistic content as well as marketing use cases.
Captivision can transform any glass façade into a transparent media
screen with real time live stream capability. Captivision is fast
becoming a solution provider across the LED product spectrum.
Captivision’s media glass and solutions have been implemented in
hundreds of locations globally across sports stadiums,
entertainment venues, casinos and hotels, convention centers,
office and retail properties, and airports. Learn more
at http://www.captivision.com.
About digLEDPremium supplier digiLED pushes the
boundaries of LED display technology, offering innovative solutions
specifically designed for sports venues and high-impact public
displays. Displays are built with energy-saving patented
technology, which optimize power consumption without compromising
brightness or visual clarity, a critical feature for high-demand
environments.
digiLED displays bring sharper image quality, vibrant colours,
and dynamic refresh rates that are perfect for capturing audience
attention in large venues. The energy-efficient design aligns with
modern sustainability standards, appealing to organisations that
prioritise eco-friendly technology without sacrificing
performance.
Noted for their innovation digiLED specialise in customised,
bespoke solutions for discerning users who value the quality and
attention to detail that comes with the experience of decades in
providing large format video screens. Learn more at
https://www.digiled.com/.
About Canary Wharf Group Canary Wharf Group
(CWG) is the developer of the largest urban regeneration project in
Europe. CWG develops, manages and currently owns interests in
approximately 9 million square feet of mixed-use space and over
1,100 Build to Rent apartments.
CWG is committed to turning sustainability ambition into
impactful action. Examples include purchasing 100% electricity from
renewable sources since 2012, our partnership with the Eden Project
creating a place for nature and people and working to deliver our
Science-Based Target.
CWG has created a 24/7 city where people can live, work and
thrive on the Canary Wharf estate and enjoy all the benefits: great
transport links, access to 16.5 acres of green spaces and waterside
living; and a wide range of amenities including an award-winning
arts and events programme. Canary Wharf’s retail offering comprises
over 70 bars, cafes and restaurants and over 300 shops, including 8
grocery stores, pharmacies and health clubs all within 15 minutes’
walk.
Website: www.canarywharf.com LinkedIn:
@CanaryWharfGroupInstagram: @canarywharflondon X: @CanaryWharfGrp
@Level39CW
Cautionary Note Regarding Forward-Looking
StatementsThis press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, as amended. These forward-looking statements
include, without limitation, statements relating to expectations
for future financial performance, business strategies, or
expectations for the Company’s respective businesses. These
statements are based on the beliefs and assumptions of the
management of the Company. Although the Company believes that its
plans, intentions and expectations reflected in or suggested by
these forward-looking statements are reasonable, it cannot assure
you that it will achieve or realize these plans, intentions or
expectations. These statements constitute projections, forecasts,
and forward-looking statements, and are not guarantees of
performance. Such statements can be identified by the fact that
they do not relate strictly to historical or current facts. When
used in this press release, words such as “believe”, “can”,
“continue”, “expect”, “forecast”, “may”, “plan”, “project”,
“should”, “will” or the negative of such terms, and similar
expressions, may identify forward-looking statements, but the
absence of these words does not mean that a statement is not
forward-looking.
The risks and uncertainties include, but are not limited to: (1)
the ability to raise financing in the future and to comply with
restrictive covenants related to indebtedness; (2) the ability to
realize the benefits expected from the business combination and the
Company’s strategic direction; (3) the significant market adoption,
demand and opportunities in the construction and digital out of
home media industries for the Company’s products; (4) the ability
to maintain the listing of the Company’s ordinary shares and
warrants on Nasdaq; (5) the ability of the Company to remain
competitive in the fourth generation architectural media glass
industry in the face of future technological innovations; (6) the
ability of the Company to execute its international expansion
strategy; (7) the ability of the Company to protect its
intellectual property rights; (8) the profitability of the
Company’s larger projects, which are subject to protracted sales
cycles; (9) whether the raw materials, components, finished goods,
and services used by the Company to manufacture its products will
continue to be available and will not be subject to significant
price increases; (10) the IT, vertical real estate, and large
format wallscape modified regulatory restrictions or building
codes; (11) the ability of the Company’s manufacturing facilities
to meet their projected manufacturing costs and production
capacity; (12) the future financial performance of the Company;
(13) the emergence of new technologies and the response of the
Company’s customer base to those technologies; (14) the ability of
the Company to retain or recruit, or to effect changes required in,
its officers, key employees, or directors; (15) the ability of the
Company to comply with laws and regulations applicable to its
business; and (16) other risks and uncertainties set forth under
the section of the Company’s Annual Report on Form 20-F entitled
“Risk Factors.”
These forward-looking statements are based on information
available as of the date of this press release and the Company’s
management team’s current expectations, forecasts, and assumptions,
and involve a number of judgments, known and unknown risks and
uncertainties and other factors, many of which are outside the
control of the Company and its directors, officers, and affiliates.
Accordingly, forward-looking statements should not be relied upon
as representing the Company management team’s views as of any
subsequent date. The Company does not undertake any obligation to
update, add or to otherwise correct any forward-looking statements
contained herein to reflect events or circumstances after the date
they were made, whether as a result of new information, future
events, inaccuracies that become apparent after the date hereof or
otherwise, except as may be required under applicable securities
laws.
Media Contact:Dukas Linden Public Relations+1
212.704.7385captivision@dlpr.com
Investor Contact:Gateway GroupRalf Esper+1
949.574.3860CAPT@gateway-grp.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2a6cd344-40d2-4ea2-9356-77f429db787a
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