Cinemark Accelerates D-BOX Roll-Out in the US

Cinemark Holdings, Inc., a leading U.S. and international motion picture exhibitor and D-BOX Technologies Inc, a leader in innovative motion technology, confirmed that Cinemark has committed to installing D-BOX motion systems in at least 80 new screens in 40 theatres over the next 24 months. The majority of these screens will be installed in the United States and some will be deployed in Latin America. Cinemark currently has 112 D-BOX screens installed or in backlog in the United States and Latin America. Terms of the agreement include a fee based on the utilization of the systems. In addition, D-BOX is issuing 2,000,000 common share purchase warrants to Cinemark, with each warrant entitling the holder thereof to acquire one Class A common share of D-BOX at a price corresponding to the volume weighted average price of the Class A common shares of D-BOX on the Toronto Stock Exchange for the five trading days prior to the exercise date of the warrants. The warrants will vest at the same rate as the D-BOX deployment and will be valid for a period of seven years ending on December 22, 2022. Commenting on the news, Claude Mc Master, President and Chief Executive Officer of DBOX, declared: “We are very pleased to receive another strong endorsement from Cinemark, a leading world-class exhibitor. They have been staunch supporters of ours and lead the way for exhibitors looking to offer a unique and immersive experience that is straightforward to deploy in any theatre around the world”. “Based on the strong moviegoer reaction and ticket sales generated, we are pleased to further expand our D-BOX footprint,” stated Robert Copple, Cinemark’s President and Chief Operating Officer. “We are proud to be the largest exhibitor in the world in terms of D-BOX equipped venues and look forward to our continued partnership with D-BOX as they continue to expand globally.”

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