TORONTO, ON – Dynamic Attractions Ltd. has been awarded contracts worth $73 million 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.”
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About Dynamic Attractions www.dynamicattractions.com
50 of the world’s most popular theme park rides have been designed and built by Dynamic Attractions. In addition to 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 www.empind.com
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.
Contact: John Kageorge………………. john.kageorge@dynamicattractions.com…………………… +1-407-506-0744
