{"id":753834,"date":"2023-05-02T16:25:52","date_gmt":"2023-05-02T20:25:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/moving-image-technologies-and-sndbx-expand-strategic-partnership\/"},"modified":"2023-05-02T16:25:52","modified_gmt":"2023-05-02T20:25:52","slug":"moving-image-technologies-and-sndbx-expand-strategic-partnership","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/moving-image-technologies-and-sndbx-expand-strategic-partnership\/","title":{"rendered":"Moving iMage Technologies and SNDBX Expand Strategic Partnership"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Moving iMage Technologies and SNDBX Expand Strategic Partnership<\/b><\/p>\n<p>FOUNTAIN VALLEY, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>Moving iMage Technologies (NYSE American: MITQ) (&#8220;MiT&#8221;)<\/b>, a leading cinema technology company, and SNDBX, a division of The Five Agency, LLC and an emerging developer and operator of amateur Esports leagues played locally on the big screen, today announced an expansion to their strategic partnership to accelerate the growth of local amateur Esports leagues.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20230502006182\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230502006182\/en\/<\/a><\/p>\n<p>\n\u201cOur enhanced partnership with SNDBX brings two leading, entrepreneurial companies closer together to capture this significant market opportunity,\u201d said Joe Delgado, executive vice president, sales and marketing. \u201cThis agreement formalizes our partnership and incentivizes both companies to work in tandem to grow the market for SNDBX\u2019s Esports offerings in the U.S. and on a global scale.\u201d<\/p>\n<p>\n\u201cWe are excited to take the next step in our partnership with MiT,\u201d said Rick Starr, CEO and founder of SNDBX. \u201cMiT has been with SNDBX from our earliest concepting and has helped to design a technology solution that works specifically for cinemas. The formalized partnership is both parties &#8216;putting a ring&#8217; on a great relationship.\u201d<\/p>\n<p>\nSummary terms* of the expanded partnership include:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nMiT will become a minority shareholder in SNDBX upon its formation as a separate entity from The Five Agency, LLC;<\/p>\n<\/li>\n<li>\nMiT will be the exclusive equipment supplier to SNDBX, which has committed to a multi-million dollar minimum purchase order agreement for MoveEsports 8-cart systems over the next three years;<\/p>\n<\/li>\n<li>\nMiT can choose a member of the SNDBX advisory board for three years;<\/p>\n<\/li>\n<li>\nMiT will provide SNDBX a three-year loan;<\/p>\n<\/li>\n<li>\nMiT and SNDBX will co-own any IP-related to equipment.<\/p>\n<\/li>\n<\/ul>\n<p><i>*Please see the form 8-k filed on May 1, 2023 for the specific terms and conditions of the agreement.<\/i><\/p>\n<p><b>Conference Call and Webcast<\/b><\/p>\n<p>\nMiT and SNDBX plan to host a conference call\/webcast and presentation during the week of May 8, 2023 to help investors better understand SNDBX\u2019s strategy and model and the growth opportunity for both companies in the years to come. The Company will send out a press release announcing the call information this week.<\/p>\n<p><b>About Moving iMage Technologies<\/b><\/p>\n<p>\nMOVING iMAGE TECHNOLOGIES (NYSE American: MITQ) is a leading technology, products, and services provider to the Motion Picture Exhibition industry with emerging opportunities in eSports and sports venues. We sell proprietary products, which we design and manufacture in-house, and are developing, introducing, and supporting a wide range of disruptive technologies that will bring SaaS and subscription-based products. Our Caddy brand of proprietary products is a leading provider of proprietary cup holders, trays, and other products to entertainment and sports venues. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.movingimagetech.com&amp;esheet=53392085&amp;newsitemid=20230502006182&amp;lan=en-US&amp;anchor=www.movingimagetech.com&amp;index=1&amp;md5=64606a236c012e415750f45cdedce90c\">www.movingimagetech.com<\/a>.<\/p>\n<p><b>About SNDBX<\/b><\/p>\n<p>\nSNDBX creates amateur esports and gaming leagues at your local movie theater. With plans to expand to thousands of cinemas across North America, SNDBX is bringing organized kids leagues and adult social gaming to a theater near you. For more on SNDBX or to sign up for a league or free demo, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sndbx.gg%2F&amp;esheet=53392085&amp;newsitemid=20230502006182&amp;lan=en-US&amp;anchor=www.sndbx.gg&amp;index=2&amp;md5=bd4e1f5c660a2ec401be7e0831d6bdd5\">www.sndbx.gg<\/a><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230502006182r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230502006182\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230502006182\/en\/<\/a><\/span><\/p>\n<p><b>Moving iMage Technologies Investor Relations and Media Contacts:<br \/>\n<\/b><br \/>Brian Siegel, IRC\u00ae, M.B.A.<br \/>\n<br \/>Senior Managing Director<br \/>\n<br \/>Hayden IR<br \/>\n<br \/>(346) 396-8696<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:brian@haydenir.com\">brian@haydenir.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Sports Audio\/Video eSports Film &amp; Motion Pictures Consumer Electronics General Entertainment Technology Entertainment<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230502006182\/en\/1781475\/3\/MovEsports_MiT_Stacked_FullColor_Positive_RGB.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230502006182\/en\/1781481\/3\/SNDBX.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Moving iMage Technologies and SNDBX Expand Strategic Partnership FOUNTAIN VALLEY, Calif.&#8211;(BUSINESS WIRE)&#8211;Moving iMage Technologies (NYSE American: MITQ) (&#8220;MiT&#8221;), a leading cinema technology company, and SNDBX, a division of The Five Agency, LLC and an emerging developer and operator of amateur Esports leagues played locally on the big screen, today announced an expansion to their strategic partnership to accelerate the growth of local amateur Esports leagues. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230502006182\/en\/ \u201cOur enhanced partnership with SNDBX brings two leading, entrepreneurial companies closer together to capture this significant market opportunity,\u201d said Joe Delgado, executive vice president, sales and marketing. \u201cThis agreement formalizes our partnership and incentivizes both companies to work in tandem to grow the market &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/moving-image-technologies-and-sndbx-expand-strategic-partnership\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Moving iMage Technologies and SNDBX Expand Strategic Partnership&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-753834","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Moving iMage Technologies and SNDBX Expand Strategic Partnership - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/moving-image-technologies-and-sndbx-expand-strategic-partnership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moving iMage Technologies and SNDBX Expand Strategic Partnership - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Moving iMage Technologies and SNDBX Expand Strategic Partnership FOUNTAIN VALLEY, Calif.&#8211;(BUSINESS WIRE)&#8211;Moving iMage Technologies (NYSE American: MITQ) (&#8220;MiT&#8221;), a leading cinema technology company, and SNDBX, a division of The Five Agency, LLC and an emerging developer and operator of amateur Esports leagues played locally on the big screen, today announced an expansion to their strategic partnership to accelerate the growth of local amateur Esports leagues. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230502006182\/en\/ \u201cOur enhanced partnership with SNDBX brings two leading, entrepreneurial companies closer together to capture this significant market opportunity,\u201d said Joe Delgado, executive vice president, sales and marketing. \u201cThis agreement formalizes our partnership and incentivizes both companies to work in tandem to grow the market &hellip; Continue reading &quot;Moving iMage Technologies and SNDBX Expand Strategic Partnership&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/moving-image-technologies-and-sndbx-expand-strategic-partnership\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-02T20:25:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230502006182r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/moving-image-technologies-and-sndbx-expand-strategic-partnership\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/moving-image-technologies-and-sndbx-expand-strategic-partnership\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Moving iMage Technologies and SNDBX Expand Strategic Partnership\",\"datePublished\":\"2023-05-02T20:25:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/moving-image-technologies-and-sndbx-expand-strategic-partnership\\\/\"},\"wordCount\":576,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/moving-image-technologies-and-sndbx-expand-strategic-partnership\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230502006182r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/moving-image-technologies-and-sndbx-expand-strategic-partnership\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/moving-image-technologies-and-sndbx-expand-strategic-partnership\\\/\",\"name\":\"Moving iMage Technologies and SNDBX Expand Strategic Partnership - 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