Top attraction developer gets multi-million-dollar order

Source: http://bit.ly/2Jprz4o

Via: TP Insider

The company that built the ride systems behind some of Disney’s and Universal’s most popular and iconic attractions has signed a deal to provide two new state-of-the-art ride systems for theme parks in Asia.

Dynamic Attractions has signed a five-year strategic cooperation agreement with an unnamed theme park operator that has “multiple parks” in various stages of development. As part of that agreement, Dynamic Attractions has received a newly announced contract for two new ride systems worth approximately US$56 million.

“Under these new contracts, Dynamic will supply two massive, state-of-the-art rides over the next two years,” a Dynamic Attractions spokesperson said in an email to Theme Park Insider. “A third ride contract for a third theme park is expected this year. We are having ongoing discussions about additional rides that may be supplied over the five-year term of the agreement.”

Dynamic Attractions has design and construction operations in Orlando, Dallas, Vancouver, Toronto, and Shanghai and has been involved in the development of attractions from Disney’s Soarin’ to Universal’s Harry Potter and the Forbidden Journey, as well as dozens of other attractions in parks around the world. However, unlike roller coaster manufacturers such as Bolliger & Mabillard and Rocky Mountain Construction, fans don’t talk much about Dynamic Attractions because its ride systems tend to play a supporting role to IP-driven narratives. The focus on a Dynamic Attractions ride is almost always the story… not the ride system.

Which, many fans likely would argue, is just the way it should be.

“We are tremendously honoured with the trust that this client has placed in us with the marquee attraction in multiple parks,” Hao Wang, President and Chief Operating Officer, said in a press release. “Major theme park operators are investing in new attractions at record levels and we continue to prove that our existing ride products are iconic and best in class.”

In case you were wondering, the most common tool used in theme park attraction design and development is the non-disclosure agreement, so Dynamic Attractions won’t reveal its client, the parks, or the specific ride systems in its catalog that it will be delivering under this deal. But Theme Park Insider readers aren’t party to any NDA, so why should we let anything stop us from speculating what these rides might be and where we might see them in the future?

We know from Dynamic Attractions that the new rides will be going to Asia. And we know that they will be going to a theme park operator with “multiple theme parks in various stages of development.” If we start with chains familiar to most readers in the United States, the only U.S.-based theme park operator with multiple parks currently under development who also has (or is opening) parks in Asia is Six Flags.

Of course, if by “various stages of development,” one means “a park that opened X years ago and another that opened Y years ago” instead of just meaning ones that have yet to debut, then Disney and Universal come back into play, as well. Disney has four parks in Asia, and Universal has two open with a third under construction.

But one also has to consider that companies outside the United States are driving most of the theme park development in Asia these days. So throw operators such as OCT Parks China, Fantawild, and Chimelong Group into the mix. Those three operators ranked fourth, fifth, and sixth globally in combined annual attendance last year, according to the most recent TEA/AECOM Theme Index attendance report. (In case you are curious, the top three operators were Disney, Merlin, and Universal.)

OCT owns the Happy Valley chain, but that only has one park under construction, while Fantawild has seven parks under development in China. Chimelong doesn’t have anything under construction that I am aware of, but Six Flags has 11 parks under development in China. So take your best guess.

As for the ride systems, Dynamic Attractions has been unveiling some tantalizing concepts at the IAAPA Attractions Expo in Orlando the past few years. The company’s Dynamic Motion Theater supports both live-action and screen-based storytelling around a moving theater platform. Its Dynamic All-Terrain Dark Ride features a trackless ride vehicle that does not require a flat surface to operate. And the company offers next-generation versions of its flying theater and robot-arm ride systems, as well.

$73M contracts awarded to Dynamic for two rides in Asia

Source: http://bit.ly/2xFlwnE

Via: Park World

$73m contracts awarded to Dynamic Attractions for two ride systems in Asia

Dynamic Attractions has been awarded contracts worth $73m for two ride systems under the terms of its previously announced five year strategic cooperation agreement with a theme park conglomerate in Asia.

Under the contracts, Dynamic Attractions will be supplying one of its proprietary ride systems to two different theme parks currently under construction. The company has completed the design and manufacturing requirements in two prior contracts. The supply portion of the contracts will be executed over the course of 24 months.

The strategic cooperation agreement grants Dynamic Attractions preferred vendor status and is expected to result in a third ride system award for the same ride system before the end of the fiscal year.

“We are tremendously honoured with the trust that this client has placed in us with the marquee attraction in multiple parks,” states Hao Wang, president and chief operating officer, Dynamic Attractions Ltd. “It reinforces Dynamic’s strategic product portfolio and operational positioning to support the expanding global theme park industry. Delivering on our commitments is a primary focus, and having the capability to engineer and deliver iconic ride systems concurrently gives Dynamic Attractions a significant competitive advantage.”

The five year agreement demonstrates Dynamic Attractions strategy to innovate, manufacture and deliver media-based attraction ride systems appeals to the global leaders in theme park operations.

“Major theme park operators are investing in new attractions at record levels and we continue to prove that our existing ride products are iconic and best in class,” adds Wang. “Dynamic is focused on delivering innovative products and high-value solutions to our customers.”

 

New multimedia versus VR in attractions

Source: http://bit.ly/2kI4vjK

Via: ICT

The combined team of Lanit-Integration and Insystems companies together with the directorate of Zaryadye Park, located in Moscow near the Kremlin, conducted an excursion around the complex of the park’s buildings. In the focus of the pavilions shown to the guests there was multimedia and IT equipment, which, as part of the contract with the GKU MosGorPark, was equipped with media complexes “Zaryadya” by Lanit.

In the park there is a multifunctional Media Center, media complexes “Time Machine” and “Poljot”, pavilion “The Preserved Embassy”. The complex project was developed during the year, and was implemented in 6 months. Zaryadye Park is implemented in accordance with the concept of landscape urbanization developed by Diller Scofidio + Renfro (USA, New York), and all multimedia and IT systems adhere to this concept. The project implemented a local computer network, a wired and DECT system, a wireless Wi-Fi network and a data center. Engineering systems include structured cabling systems, CCM, fire extinguishing system, video surveillance, ticketing system, and payment and access system. The most complex solutions are used in the medical complexes “Flight” and “Time Machine”.

“Flight” combines a hemispherical screen 13 m high, a mobile platform and dynamic chairs. In the media complex there are films “Flight over Moscow” and “Flight over Russia”, in the future the repertoire will be expanded. During the demonstration of the video material, the volume multichannel sound is combined with special effects – water sprayers, wind and fragrance generators are included. The media complex uses the solutions of the companies Dynamic Attractions and Kraftwerk, which specialize in creating attractions for amusement parks, in particular, the equipment of one of these companies is used in the Disney park. The main platform with auxiliary structures weighs about 80 tons, and includes a complex mechanics and hydraulic mechanism. The image is formed using three video projectors with a resolution of 4K each, video is served from four video servers. The total sound power is 16KW, the sound format is 17: 1. To equip the complex used equipment companies Christie Digital, AMX (by Harman), QSC, Unilumin, Philips.

Media Complex “Time Machine” allows you to output the video stream to a circular screen (with a viewing angle of 360 degrees), and to the surface of the floor. The viewers are at the center of the media complex. In addition, the system allows you to monitor traffic of visitors, and to create interactive content, including interaction with people inside the complex. At the moment, developed programs related to the history of Moscow – from the most ancient times to the present day. Technically, the project is implemented using a combination of 33 projectors, the image is “stitched” on a curved surface. The content comes from 10 specialized media servers. The total sound power is 20KW, which is fed through 32 channels.

All pavilions “Charge” are equipped with a system of interactive displays Digital Signage, integrated in the design of premises. Video walls in the pavilions can be used for presentations and concerts, as well as for creating interactive installations.

After watching the movie “Flight over Moscow”, shot by wide-angle cameras mounted on drones and helicopters, the question arises – is not it better to translate the content immediately into virtual reality (VR)? Director of the park “Zaryadye” Paul S. Treleb categorically does not agree with this statement of the question. “The park is a place where we invite people to come with their families. Parks (on the contrary) should return people to physical reality from virtual reality, “says Mr. Treleleb. At the same time, a number of projects are currently under consideration using the Augmented Reality (AR). They are at the stage of concept and testing. Until the final approval of the project, details of developments will not be disclosed and will not be commented upon. The management of the park expects to reach a payback tentatively after 7 years. Most of the structures used in parks and media centers have a modular design, and can be updated and modernized in the future. Since the opening of the park “Zaryadye” in autumn of 2017 it was visited by about 5 million people, interest in the park is growing. According to the management of the complex, the concept of equipping the park with modern media complexes fully justified itself. Thematic performances, classes with children are held in their premises, which makes visiting the territory of “Zaryadya” convenient and enjoyable not only for adults, but for the whole family. the concept of equipping the park with modern media complexes fully justified itself. Thematic performances, classes with children are held in their premises, which makes visiting the territory of “Zaryadya” convenient and enjoyable not only for adults, but for the whole family. the concept of equipping the park with modern media complexes fully justified itself. Thematic performances, classes with children are held in their premises, which makes visiting the territory of “Zaryadya” convenient and enjoyable not only for adults, but for the whole family.

Dynamic awarded $73M in ride system contracts

Source: http://bit.ly/2LImBOJ

Via: Blooloop

Dynamic Attractions has signed two contracts worth $73 million to supply two ride systems to an Asian theme park conglomerate.

The deal is part of a five year strategic co-operation agreement between Dynamic Attractions’ parent company Empire Industries and the theme park conglomerate.

Dynamic Attractions has already completed the design and manufacture requirements for the proprietary ride system under a previous contract.  This latest contract covers the supply of the ride systems over the next 24 months to two theme parks which are currently under construction.

Commenting on the announcement, Hao Wang, President and Chief Operating Officer, Dynamic Attractions Ltd. said, “We are tremendously honoured with the trust that this client has placed in us with the marquee attraction in multiple parks.  It reinforces Dynamic’s strategic product portfolio and operational positioning to support the expanding global theme park industry. Delivering on our commitments is a primary focus, and having the capability to engineer and deliver iconic ride systems concurrently gives Dynamic Attractions a significant competitive advantage.”

Under the strategic co-operation agreement Dynamic Attractions enjoys preferred vendor status, and it is expected that a third contract will be awarded for another ride system before the end of the fiscal year.  The $73 million in contracts awarded, brings the contract backlog to over $285 million.

Dynamic Attractions is renowned for building 50 of the world’s most popular theme park attractions. The company is a wholly owned subsidiary of Empire Industries Ltd., and has operations in Orlando, Vancouver, Dallas, Toronto and Shanghai.

Dynamic Attractions will be at IAAPA’s Asian Attractions Expo in Hong Kong, June 6-8, 2018. Meet the team at Booth, #1702.

Dynamic signs Agreement with new customer in Asia

Source: http://bit.ly/2LV6FbV

Via: Thrill Geek

Dynamic Attractions is known for designing some of the most iconic thrill rides ever created, including 50 attractions at the world’s best theme parks.

Dynamic Attractions just announced that they have signed a 5-Year Strategic Cooperation Agreement with a new customer in Asia. No specific details were given as to exactly who this new client is, other than they have “multiple theme parks in various stages of development.”

Under the contracts, Dynamic Attractions will be supplying one of its proprietary ride systems to two different theme parks currently under construction. The company has completed the design and manufacturing requirements in two prior contracts. The supply portion of the contracts will be executed over the course of 24 months. The contracts are worth $73 million for two ride systems under the terms of its previously announced five year strategic cooperation agreement with a theme the theme park chain it has signed with.

The company also mentions that “he ride system they have purchased is significantly more advanced than any other in this genre currently in operation.”

The new systems are being designed at their headquarters in Orlando.

Moscow marvel: AV at heart of attraction in Russia

Source: http://bit.ly/2Jgnyzj

Via: InAVate

The pressure was on when tasked with transforming wasteland into a spectacle of technology and design that would educate and entertain the masses. Charlotte Ashley explores the first public park to be built in Moscow for 50 years.

Spanning 130,000 square metres, you can’t miss the towering dome structure and  landscaped  spaces of Zaryadye Park, just adjacent to Russia’s  iconic  Kremlin  and  Red Square. A project which attracted the attention of architects  from  around  the  world  back  in 2013, now proudly sits as a feat of design and technology integration that can stake a claim to being one of Russia’s most innovative cultural landmarks.

Expectations were high when the Government of Moscow and the Strelka Institute for Media, Architecture and Design put out a call to the design world to create a concept for the park five years ago, following discussions with President Vladimir Putin and the Mayor. Not only was the project to be first major development of this size in Russia for nearly a century, but the site was steeped in history, having previously been home to the “world’s largest hotel,” Rossiya Hotel.

The site was left as a wasteland following the hotel’s demolition, until November 2013 when work began to bring the space back to life, as an international consortium (headed by US studio Diller Scofidio + Renfro) won the competition to design a new urban park. The space was to be transformed with a Concert Hall, Amphitheatre, Media  Centre  and  Conservation  Embassy,  in addition to themed visitor attractions including ‘Flight  over  Russia’,  ‘Time  Machine’  and  the ‘Ice Cave’. Another, billed the ‘floating bridge’, extends from the park over the Moskva River, allowing as many as 4,000 visitors to take in the views of the park and the surrounding scenery.

“It  looks  to  absorb  all  buildings  within  its planting  systems;  nature  and  culture  are  in balance,”  said  the  studio  of  its  winning  ‘Wild Urbanism’  concept  –  spanning  four  diverse and  characteristically  Russian  landscapes (northern tundra, steppe, forest and wetlands). Resultantly, a strong focus on sustainability runs throughout the park, with technologies deployed to create seasonally adjusted micro-climates, including simulating daylight at night, as well as supporting year-round use.

“Location, the project’s high visibility and an extremely tight deadline were all pressure factors with the park,” recalls Mikhail Zherokov, head of the multimedia division at integrator Lanit, who partnered with AV specialist Digis to deliver the project, with the assistance of an international team of subcontractors including Austria-based Kraftwerk Living Technologies, who helped deliver the Flight Over Moscow attraction. “We joined the project in mid-2015 when the customer realised that the previous proposal laid out by another company for the multimedia components wasn’t going to work, and was too expensive,” adds Zherokov.

Though  secured  in  part  due  to  Lanit’s reputation  in  Russia  and  previous  work  on government projects, its late arrival to the high-profile  installation  meant  the  pressure  was  on to  create  something truly  special.  “The  entire project  was  hosted  by  government  officials including  Mayor  of  Moscow  and  vice-Mayor who was following the project’s daily progress,” states Zherokov.

Lanit  and  Digis  were  tasked  with  not only  delivering  a  visitor  attraction  to  attract  a significant proportion of the 17+ million tourists that  visit  Moscow  each  year,  but  ensuring quality  engineering  and  IT  infrastructure  was in place underground in just five months. This was in keeping with the project-wide ethos for self-supporting revenue streams that prioritised renewable entertainment rides and flexible event spaces below the park’s greenery, maximising space. “Our vision for when all the underground concrete  structures  were  complete  was  one  of the main reasons we won the project – it was a case of the client saying ‘that’s all we have’ and it being down to us to impress them with how  our  design  would  fit  into  existing  areas, whilst still keeping things relatively cheap,” says Zherokov.

AV  underpins  the  experience  in  all  of  the park’s  main  attractions  –  the  media  centre, a  conservation  embassy  and  a  soon-to-be-completed Ice Cave – which both educate and entertain the masses with tales and experiences of Russia’s rich heritage.

Star attractions

The  8,500  square  metre  area  billed  a  ‘Media Centre’  serves  as  multiple  facilities  in  one  – chiefly an education and education space, but also a tourist centre and ticket office, shop and café. The brief set out to the integration team required the centre support everything from shows and theatre to presentations, lectures and exhibitions when needed.

The walls and floor of the space were also to serve as screens to immerse visitors in relevant interactive content, comprised of 33 55-in Philips LCD panels.  Content is generated via SpinetiX media players, with content managed through Elementi X software.  A  3×3  videowall information  stand  can  also  be  transformed into a circular panorama of local attractions by visitors, created using Philips panels in harmony with Christie TVC and Phoenix controllers and a  K-array  sound  system  comprised  of  KK102 loudspeakers and KU36 subwoofers.

Visitors  to  the  centre  are  greeted  with  a Moscow  Today  Welcome  Zone  showcasing information  about  the  park,  city  life  and upcoming  events,  supported  by  five  Initium double-sided interactive information kiosks. The area is accompanied by various museum spaces and a children’s television studio.  A  centre-wide  digital  signage  system  assists  visitors in  navigating  the  park  and  points  of  interest, with  a  QSC  AD-S6TW  sound  system  powering background audio in the pavilion.

The  centre  is  also  home  to  the  ‘Time Machine’ – billed as Russia’s first immersive attraction with a  cylindrical  screen  presenting interactive  content. Although originally planned to be domed by the client, a curved screen was eventually chosen due to significantly lower content development costs.  The  ride  features  a  moving  platform incorporating three rows of seating to immerse up  to  60  people  in  the  tale  of  the  Battle  of Borodine, the 1812 fire of Moscow, and more, through  panoramic  projection,  multi-channel sound  and  water-sprayers,  wind-generators, smoke  and  scents.  Equipment to deliver the full 4D effect is accompanied by tracking, fire suppression and ventilation systems.

Fulfilling the brief was far from straightforward however, in part due to having to complete construction a few weeks before the attraction’s opening, but also due to the ceiling shape and reinforced concrete girders in the space. To solve the challenge the integration team opted for 22 carefully positioned Christie WU12K-M 3DLP projectors combined with a 16.5-metre custom-engineered cylindrical aluminium perforated screen designed, supplied and installed by Kraftwerk.

To minimise the defocus effect when projecting onto the curved surface of the cylindrical screen, the projectors were installed in portrait setting, following lenses being tested and developed with Christie. A further 11 projectors complete the set-up, suspended from a variety of positions on the ceiling to create a floor projection. Images are generated and managed via Christie Pandora’s  Box  servers  (8  Quad  and  1  Dual), integrated  with  a  SonicWave  Wave  I  sound processor and an extensive JBL system handling audio, controlled by a QSC matrix.  An interface architecture  for  video  presentation  sources (including  an  optional  Allen  &  Heath  audio mixing desk) supports the multifunctional nature of the equipment to support hosting different events.

All  equipment  is  deployed  behind  the wall  to  eliminate  the  possibility  interference from  the  multiple  power  lines  present,  with video  content  is  transmitted  by  fibre-optic connection  using  AMX  transceivers.  The  ride furthermore  incorporates  a  Beyerdynamic Synexis  system  to  support broadcasts  for  international and  hearing-impaired  visitors. “Unfortunately,  the  tracking system  deployed  created  an unexpected  effect,  whereby the  system  produced  quite  a dense  flow  of  TUIO  protocol coordinates requiring a certain amount  of  time  to  process, resulting  in  an  interactivity delay  of  approximately  two seconds,”  adds  Zherokov.  To  solve  this  problem,  it was  necessary  to  rework  the programme  using  a  UDP protocol.

Visitors  can  also  joy  the visual  spectacle  that  is  the ‘Flight  over  Moscow’  ride  at the Media Centre – the park’s most  popular  attraction.  A journey  exploring  the  beauty and  breadth of 30  locations across  Russia;  paying  homage to  the  four  nature-scapes chosen  outlined  by  Diller Scofidio  +  Renfro’s  concept and  the  nearby  Red  Square. Sightseers’ aerial voyage from the mountains of Russia  to  the  Baltic  Sea  is  brought  to  life  on a 9-metre high parabolic screen and a dynamic platform  (set  above  the  screen)  that  seats  39. Measuring  203  square  metres  in  total,  images are  projected  onto  the  aluminium  perforated screen by three Christie D4K2560 4K projectors with media playback by Brainsalt servers – all of which was installed by Kraftwerk.

“When it comes to the Flight over Russia and Time Machine rides, there is simply nothing else comparable in Russia…”

To fully immerse visitors in Russia’s heritage, the  ride’s  moving  platform  is  positioned  on  a 11-metre  high  sphere  supporting  6  degrees  of freedom,  with  a  multi-channel  sound  and  a special effects system adding to the simulation of  flight.  Audio  is  amplified  through  a  Meyer Sound  UPA-1P  system  and  accompanying  AC 700-HP  subwoofers,  with  Brainsalt  and  Meyer Sound’s Galileo 616 processors delivering multi-channel audio.  Both  the  Time  Machine  and Flight  over  Moscow  were  specified  to  support media  content  being  regularly  updated; effectively  allowing  the  park  to  offer  new attractions without replacing any hardware.

“Working  on  the  construction  of  this  ride underground  was  definitely  a  challenge,” states  Zherokov.  “It  was  located  in  the  room with  no  outdoor  walls  and  we  had  to  deliver metal  structures  amounting  to  80  tonnes  in an extremely short period of time.” The heavy metal structure had to be delivered by air from manufacturer Dynamic Attraction in Canada due to the time-frame, and then navigate the narrow streets of a busy city centre via 12 trucks to get to Moscow. “Working around overseas deliveries and a fairly inconsistent basement construction, we then had to schedule dismounting some of the roof and walls for the hardware,” he adds.

Inside the Ice Cave

The ambition of the Zaryadye Park continued with an attraction that both represents Russia’s Arctic Circle and truly engage visitors’ senses: The Ice Cave. Briefed to create a high spec pavilion where the temperature would be permanently be below zero, the Ice Cave saw 70 tonnes of water combined with extensive AV equipment.

At  the  heart  of  the  cave’s  main  hall,  the ‘Florarium,’ is a large 1.2mm pixel multipurpose Unilumen  LED  screen  working  with  Pandoras Box  and  a  customised  Stewart  Fideledy  Vision system  –  the  first  use  in  Russia  –  works  to smooth  pixelisation,  eliminates  moiré  effect and  protects  against  possible  water  damage. A 3×3 videowall constructed from Philips LCD panels highlights the Ice Cave’s bar area, which broadcasts which broadcasts images of the Far North and historical facts. Both wall and display are  paired  with  K-array  loudspeakers,  with  an extra  AMX  DX-TX-DWP  interface  architecture and Audio-Technica wireless microphone system on hand to support presentations for events. Each system can be controlled via a 7-in wall-mounted AMX Modero X Series G5 sensor panel. Elsewhere, 15 LCD panels are found in the cave and nearby Conservation Embassy’s’ pavilions – controlled via SpinetiX.

Education hub

The park’s Conservation Embassy serves as a multifunctional space where local state energy agencies and environmental institutions can host educational events for tourists, local schools and college, as well as offering exchange programmes for Moscow University. The centre consists of four teaching auditoriums, including a hall for meetings and academic events and a biology laboratory equipped with photographic equipment and specialist microscopes incorporating built-in cameras connected to displays, amongst other apparatus.

Teaching auditoriums and meeting rooms benefit from Christie DLP projectors, paired with Da-Lite screens, Smart interactive whiteboards and a Cisco SX80 TelePresence system to support collaboration. All of this is tied together with a Christie Brio wireless presentation system; allowing the park to host different events, with interpretation supported via DIS equipment – with wider control and room booking via AMX. The embassy’s large LED screen can also be updated with video cameras and various sensors should management require it to become a platform for interactive installations.

Lanit and Digis also handled the AV for several ride pre-shows, in addition to office spaces and working areas for the park’s employees.

Zaryadye Park attracted over 1 million visitors in its first month following its opening in September 2017, which has since surpassed 4 million. The project was recognised at the 2018 InAVation Awards for its excellence in AV integration in the Leisure & Entertainment/Visitor Attraction category. “I can say with confidence that the concept for Zaryadye has fully lived up to expectations,” says the park’s director, Pavel Trekhleb. “When it comes to the Media Centre, and specifically the Flight and Time Machine rides, there is  simply  nothing  else  comparable  in  Russia  in  terms  of  the  multimedia systems installed or the high-tech AV/IT features.”

He concludes: “We have received a lot of positive reviews from Moscow residents and tourists. The park is a living organism which will constantly develop and adapt to guests’ priorities.”

 

Tech-Spec

Allen & Heath dLive S3000

AMX control system, Modero X Series touch panels, fibre modules and switching system

Audio-Technica ATW-3110b radio system

Beyerdynamic Synexis system

Brainsalt media servers

Chief mounts

Christie WU12K-M, D4K2560 & DHD951-Q projectors, Pandora’s Box server and Brio wireless presentation system

Cisco SX80 videoconferencing system

Da-Lite projection screens

Initium screen kiosks

JBL AC AC266 loudspeakers and PRX418S subwoofers

K-array KK102 speakers and KU36 subwoofers

Meyer Sound UPA-1P loudspeakers, 700-HP subwoofers and Galileo 616 system

Philips 55-in LCD displays

Shure DIS audio and congress system

Sonic Wave I 3D sound processor

SpinetiX HMP350 media players

QSC AD-S6T loudspeakers and Core 500i processor

Unilumen LED display

Dynamic Attractions announces 5 year strategic cooperation agreement with Asian theme park owner

 The company expects awards for 3 ride systems totaling USD $93 million 

Toronto – Empire Industries Ltd. (TSX-V: EIL) (“Empire” or the “Company”) is pleased to announce that its wholly owned subsidiary, Dynamic Attractions Ltd., has agreed to the terms of a five year strategic cooperation agreement with a theme park conglomerate in Asia. 

The strategic cooperation agreement grants Dynamic Attractions preferred vendor status and is expected to be launched with Dynamic Attractions supplying one of the Company’s proprietary ride systems to three different theme parks currently under construction, with a combined value of USD $93 million. The first two theme park awards are in the process of being finalized and the third such award is expected before year-end. The delivery schedule will be 24 months from when each specific supply agreement is executed, at which time, the contracts will be added to backlog. 

This is further evidence demonstrating the appeal in the market of the Company’s strategy to innovate, manufacture and deliver media-based attraction ride systems for the global leaders in theme park operations. 

“Major theme park operators are investing in new attractions at record levels and we continue to prove that our existing ride products are iconic and best in class,” states Hao Wang, President and Chief Operating Officer, Dynamic Attractions Ltd. “Dynamic is focused on continuous optimization and development of its innovative product lines to increase competitiveness, decrease time to market and enhance our leadership position in delivering “high value solutions” to our customers.” 

About Dynamic Attractions 

Over 50 of the world’s most popular theme park rides have been designed and built by Dynamic Attractions. In addition to the its innovative product line of rides and attraction related services, Dynamic also provides parts and service support for rides of all kinds. Dynamic has operations in Vancouver, Orlando, Dallas, Toronto and Shanghai and is a wholly owned subsidiary of Empire Industries Ltd. 

About Empire Industries Ltd. 

Empire focuses on designing, supplying, and installing iconic media-based attractions and ride systems for the global theme park industry. Empire also uses these same turn-key integration services for special projects such as large optical telescopes and enclosures. Empire also has commenced an initiative to leverage its world class flying theater and attraction development capability on a co-venture ownership basis. Empire’s common shares are listed on the TSX Venture Exchange under the symbol EIL. For more information about the Empire Industries and Dynamic Attractions, visit www.empind.com or contact: 

John Kageorge, Communications – +1-604-617-4745 | john.kageorge@dynamicattractions.com

Allan Francis, Corporate Affairs & Administration – +204-589-9301 | afrancis@empind.com

Guy Nelson, Chief Executive Officer – +1-416-366-7977 | gnelson@empind.com

Reader Advisory 

This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Empire’s business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as ‘‘plans’’, ‘‘expects’’ or ‘‘does not expect’’, ‘‘budget’’, ‘‘scheduled’’, ‘‘estimates’’, “forecasts’’, ‘‘intends’’, ‘‘anticipates’’, “believes” or variations of such words and phrases or state that certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will be taken’’, ‘‘occur’’ or ‘‘be achieved’’. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although Empire believes these statements to be reasonable, no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Such statements include statements with respect to the expected execution of the theme park agreements and the shipping dates of the three rides. Actual results could differ materially from those anticipated in these forward-looking statements as a result of prevailing economic conditions, and other factors, many of which are beyond the control of Empire. The forward-looking statements contained in this news release represent Empire’s expectations as of the date hereof, and are subject to change after such date. Empire disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable securities regulations. 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

 

Empire Industries Ltd. Announces Rights Offering

WINNIPEG, October 16, 2017 – Empire Industries Ltd. (“Empire” or the “Corporation”) is pleased to announce that it is commencing a rights offering to holders (“Shareholders”) of its Class “A” Common Shares (“Common Shares”) of record at the close of business (Toronto time) on October 24, 2017 (the “Record Date”) on the basis of one right (each a “Right” and together the “Rights”) for each issued and outstanding Common Share.  Each Right will entitle the holder to subscribe for one Common Share at a price of $0.50 per Common Share.  This rights offering is part of the Co-venture financing initiative that has been previously described in Empire’s press releases dated August 28, 2017, August 31, 2017, and October 12, 2017.

Shareholders who fully exercise their Rights will be entitled to subscribe for additional Common Shares, if available, that were not subscribed for by other holders of Rights prior to the expiry time.  The rights will not be listed on any stock exchange and no market is expected to develop for the rights.

The rights offering will be conducted in Canada and to Shareholders outside of Canada who are eligible under certain circumstances.  Shareholders who are resident outside of Canada are requested to contact the Corporation for further details.

The rights will expire at 5:00 p.m. (Toronto time) on November 27, 2017 after which time unexercised rights will be void and of no value.

Details of the offering will be set out in the offering notice and offering circular which will be available under Empire’s profile at www.sedar.com and on Empire’s website at www.empind.com. The offering notice and accompanying rights certificate will be mailed to each Shareholder of Empire resident in Canada as at the Record Date. Registered Shareholders who wish to exercise their rights must forward the completed rights certificate, together with the applicable funds, to the rights agent, AST Trust Company (Canada), on or before the expiry time. Shareholders who own their Common Shares through an intermediary, such as a bank, trust company, securities dealer or broker, will receive materials and instructions from their intermediary.

Empire will not issue or forward rights certificates to Shareholders resident in a jurisdiction outside of Canada. The rights certificates of such Shareholders will be issued to and held on their behalf by AST Trust Company (Canada) until the expiry time, when all unclaimed Rights shall be available to fill the additional subscription privilege described in the offering circular.

About Empire Industries Ltd.

Empire focuses on designing, supplying, and installing premium theme park, media-based attractions and ride systems for the global entertainment industry. Empire also uses these same turn-key integration services for special projects such as large optical telescopes and enclosures. Through Empire’s execution of its strategy over the years, Empire owns several non-entertainment investments that it seeks to optimize and liquidate at the appropriate time.  Empire’s common shares are listed on the TSX Venture Exchange under the symbol EIL.

For more information about Empire, visit empind.com or contact:

Guy Nelson

Chief Executive Officer

Phone:  (416) 366-7977

Email:   gnelson@empind.com

Allan Francis

Vice President – Corporate Affairs and Administration

Phone:  (204) 589-9301

Email:   afrancis@empind.com

Advisory

Neither the Exchange nor its Regulation Service Provider (as that term is defined in policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Certain statements contained in this news release constitute forward-looking statements. These statements relate to future events. All statements other than statements of historical fact are forward-looking statements. The use of the words ‘‘may”, “expects”, “believes”, “anticipates” and other words of a similar nature are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although Empire believes these statements to be reasonable, no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Such statements include statements with respect to: (i) the closing of the Rights Offering, and that the conditions for completion of the Rights Offering, including regulatory approval, will be met.  Actual results could differ materially from those anticipated in these forward-looking statements as a result of prevailing economic conditions, and other factors, many of which are beyond the control of Empire. The forward-looking statements contained in this news release represent Empire’s expectations as of the date hereof, and are subject to change after such date. Empire disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable securities regulations.

 

Empire Industries Announces Closing of $3 million Subscription Receipt Private Placement

The first step to set up Co-venture attraction companies in North America and China

WINNIPEG, October 12, 2017 – With reference to its prior new releases dated August 28, 2017 and August 31, 2017, Empire Industries Ltd. (TSX-V: EIL) is pleased to announce that it has closed a private placement (the “Empire Subscription Receipt Private Placement”) of 6,000,000 subscription receipts (“Subscription Receipts”) at a price of $0.50 per Subscription Receipt for gross aggregate proceeds of $3 million, subject to final regulatory approval.  The Subscription Receipts were subscribed for by Excellence Raise Overseas Limited (“EROL”) pursuant to the terms of a subscription receipt agreement dated October 12, 2017 (the “Subscription Agreement”) entered into by EROL, Empire, Dynamic Entertainment Group Ltd. (“DEGL”) and Carscallen LLP as escrow agent.   Pursuant to the terms of the Subscription Agreement, each Subscription Receipt will be automatically exchanged for one (1) Common Share of Empire and the proceeds of the Empire Subscription Receipt Private Placement will be released upon satisfaction of certain escrow release conditions (the “Escrow Release Conditions”).  The Escrow Release Conditions include: (i) the closing of the Rights Offering to be completed by Empire (described below); and (ii) Empire shall have invested at least $6 million of equity in DEGL on or before January 31, 2018 (the “DEGL Private Placement”).  The Subscription Receipts and the underlying Common Shares will be subject to a four month and one day hold period.

As previously announced, Empire’s Board of Directors appointed Empire’s Governance and Compensation Committee, comprised of three independent Directors of Empire, Messrs. Macdonald, Quinn and Marshall as an independent committee (the “Independent Committee”), to consider a potential conflict interest including alternatives to the transaction, to consider the impact of the transaction as negotiated on the shareholders of Empire and to make a recommendation to the Board of Directors regarding the same.  After engaging independent legal advice, the Independent Committee provided its recommendations to Empire’s Board of Directors, which were implemented by Empire’s Board of Directors, and resulted in the following changes to the DEGL Private Placement:

The next step in the process to achieve the goal of setting up Co-venture attraction companies in North America and China is the completion of the previously announced rights offering for a maximum gross proceeds of $5,100,000 (the “Rights Offering”).   Empire intends to complete the Rights Offering as soon as is practicable.   A further press release will be issued once Empire has received regulatory approval for the Rights Offering and the record date for the Rights Offering has been determined.

About Empire Industries Ltd.

Empire focuses on designing, supplying, and installing premium theme park, media-based attractions and ride systems for the global entertainment industry. Empire also uses these same turn-key integration services for special projects such as large optical telescopes and enclosures. Through Empire’s execution of its strategy over the years, Empire owns several non-entertainment investments that it seeks to optimize and liquidate at the appropriate time.  Empire’s common shares are listed on the TSX Venture Exchange under the symbol EIL.

For more information about the Company, visit www.empind.com or contact:

Guy Nelson

Chief Executive Officer

Phone:  (416) 366-7977

Email:  gnelson@empind.com

Allan Francis

Vice President – Corporate Affairs and Administration

Phone:  (204) 589-9301

Email:  afrancis@empind.com

Reader Advisory

This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Empire’s business and affairs.  In certain cases, forward-looking statements can be identified by the use of words such as ‘‘plans’’, ‘‘expects’’ or ‘‘does not expect’’, ‘‘budget’’, ‘‘scheduled’’, ‘‘estimates’’, “forecasts’’, ‘‘intends’’, ‘‘anticipates’’ or variations of such words and phrases or state that certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will be taken’’, ‘‘occur’’ or ‘‘be achieved’’.  These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although Empire believes these statements to be reasonable, no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Such statements include statements with respect to: (i) the closing of the Rights Offering the DEGL Private Placement and that the conditions for completion of the of the same including regulatory approval will be met; and (ii) the execution of the co-ventures in North America and China and the results, if any, thereof, any increase in revenue and profitability of Empire and the success of any efforts in respect thereof.  Actual results could differ materially from those anticipated in these forward-looking statements as a result of prevailing economic conditions, and other factors, many of which are beyond the control of Empire. The forward-looking statements contained in this news release represent Empire’s expectations as of the date hereof, and are subject to change after such date. Empire disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable securities regulations.  Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Empire Industries Announces Voting Results from Annual and Special Meeting of Shareholders held on September 18, 2017

TORONTO, September 19, 2017 – Empire Industries Ltd. (TSX-V: EIL) (“Empire” or the “Company”) today reported the voting results from its Annual and Special Meeting of shareholders held on September 18, 2017.

All of the five nominees proposed by management for election to the Board of Directors at the meeting and listed in the Company’s Management Information Circular dated August 23, 2017 were elected.  The Directors will remain in office until the next annual meeting of shareholders, or until their successors are elected or appointed.

The results of the vote on the election of the Board of Directors are as follows:

Votes In Favour Votes Withheld
Ian Macdonald 22,189,019 (99.43%) 126,873 (0.57%)
Guy Nelson 22,130,679 (99.17%) 185,213 (0.83%)
Robert Marshall 22,136,519 (99.20%) 179,373 (0.80%)
Terry Quinn 22,189,019 (99.43%) 126,873 (0.57%)
Jack Chang 22,184,019 (99.41%) 131,873 (0.59%)

Additionally, resolutions approving the following additional matters were passed at the meeting:

“2016 and 2017 to date have been a fruitful time for Empire,” said Guy Nelson, Executive Chairman and Chief Executive Officer of Empire Industries Ltd.  “In that time, we rationalized our steel fabrication business, re-deploying the assets into our Attractions segment.  We announced one of the industry’s largest contracts, with a USD $120 million, multi-ride, multi-park, multi-year contract.  We expanded the breadth and depth of our management team through key executive hires and promotions.  Then we capped it off by announcing our co-venture initiative for North America and China, with a $31 million financing package.  Taken together, these steps will further strengthen Empire’s manufacturing business while simultaneously supporting its move into a recurring revenue attractions co-ownership business model.”

Mr. Nelson gave a presentation about the company after the formal business portion of the meeting was completed.  The presentation and Company video can be viewed on the company’s website at empind.com.

About Empire Industries Ltd.

Empire focuses on designing, supplying, and installing premium theme park, media-based attractions and ride systems for the global entertainment industry. Empire also uses these same turn-key integration services for special projects such as large optical telescopes and enclosures. Through Empire’s execution of its strategy over the years, Empire owns several non-entertainment investments that it seeks to optimize and liquidate at the appropriate time.  Empire’s common shares are listed on the TSX Venture Exchange under the symbol EIL.

For more information about the Company, visit empind.com or contact:

Guy Nelson

Chief Executive Officer

Phone:  (416) 366-7977

Email:  gnelson@empind.com

Allan Francis

Vice President – Corporate Affairs and Administration

Phone:  (204) 589-9301

Email:  afrancis@empind.com

Reader Advisory

This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Empire’s business and affairs.  In certain cases, forward-looking statements can be identified by the use of words such as ‘‘plans’’, ‘‘expects’’ or ‘‘does not expect’’, ‘‘budget’’, ‘‘scheduled’’, ‘‘estimates’’, “forecasts’’, ‘‘intends’’, ‘‘anticipates’’ or variations of such words and phrases or state that certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will be taken’’, ‘‘occur’’ or ‘‘be achieved’’ or similar expressions and includes suggestions of future outcomes, including statements about the approval and acceptance of the Share Consolidation and number of Common Shares outstanding following the Share Consolidation.  These forward-looking statements are based on current expectations, and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially.  These risks include, but are not limited to: obtaining shareholder approval of the Share Consolidation, approval by the Board of the Share Consolidation and receiving acceptance from the TSX Venture Exchange for the Share Consolidation.  Readers are cautioned not to place undue reliance on such forward‐looking statements. Forward-looking information is provided as of the date of this press release, and Empire assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.