- Moving iMage Technologies (MITQ, Financial) secures a $9 million contract for installing 150 Barco laser projectors.
- The revenue from the contract will be evenly distributed over three fiscal years starting FY26.
- Initial installations are set to begin in fall 2025, enhancing cinema technology across U.S. locations.
Moving iMage Technologies (MITQ) has announced a significant $9 million contract to supply and install 150 Barco laser projectors and associated equipment for a national cinema exhibition customer. The comprehensive agreement includes MiT-manufactured pedestals, IS-30 automation systems, and integration services, signifying a major upgrade from conventional lamp-based systems to cutting-edge Barco Series 4 4K laser projectors and Barco Alchemy media servers.
The financial aspects of this deal are particularly noteworthy, with revenue projected to be recognized evenly across three fiscal years commencing in FY26. This arrangement provides Moving iMage Technologies with steady revenue visibility through FY28, which helps stabilize financial planning and operations.
Initial installations will begin in the fall of 2025, ahead of the holiday film season, which is usually a peak period for cinemas. This strategic timing will enable theaters to benefit from the enhanced viewer experience and operational efficiencies of laser projection technology, including improved brightness, color accuracy, and reduced operational costs through lower power consumption and the elimination of traditional lamp replacements.
With this contract, Moving iMage Technologies not only secures robust financial growth and stability but also strengthens its relationship with existing clients by aligning with the industry's broader technology refresh cycle. This commitment to innovation ensures that the company remains a trusted partner in providing modern solutions for out-of-home entertainment environments.
