Developed by Lotte Construction, COEX Magok Le-West is Seoul’s largest mixed-use convention center
MIAMI and SEOUL, South Korea, Nov. 22, 2024 (Korea Bizwire) – Captivision Inc. (“Captivision” or the “Company”) (Nasdaq: CAPT), a leading innovator in architectural media glass manufacturing and an advanced provider of LED technology solutions, proudly announced the completion of its cutting-edge transparent architectural media glass installation in the newly inaugurated COEX Magok Le-West mixed-use convention center, which opened its doors to the public this month.
Captivision’s installation encompasses over 16,000 square feet within Block CP1 of the convention center, effectively showcasing next-generation digital media displays that elegantly illuminate several facades of this impressive structure. Designed to be a pivotal landmark in a sought-after area, COEX Magok Le-West also offers proximity to celebrated attractions such as the LG Arts Center, the Science Park, the Space K Museum, and the tranquil Seoul Botanical Garden. The convention center is strategically surrounded by a multitude of residential apartments, hotels, office spaces, and retail outlets, enhancing the impact and utility of Captivision’s immersive technological solutions. Notably, this installation has generated roughly $8 million in revenue for Captivision, underscoring its commercial success.
“Collaborating with Lotte Group symbolizes our commitment to teaming up with world-class partners, and we are eager to build upon this success in the future,” stated Gary Garrabrant, CEO of Captivision.
About Captivision
Captivision stands at the forefront of media glass innovation, seamlessly integrating IT building materials with architectural glass. This versatile product is suited for numerous applications, including entertainment, information dissemination, cultural and artistic presentations, and diverse marketing strategies. Captivision uniquely transforms any glass facade into a transparent media screen capable of real-time live streaming. The company is rapidly establishing itself as a comprehensive solution provider across the entire LED product spectrum.
Captivision’s media glass and integrated solutions have been deployed in a multitude of prominent locations around the globe, including sports stadiums, entertainment venues, casinos, hotels, convention centers, office buildings, retail stores, and airports. To explore more about their innovative offerings, visit http://www.captivision.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements in accordance with the Private Securities Litigation Reform Act of 1995, which include various projections and future expectations relevant to the Company’s financial performance, business approaches, and anticipated developments. These statements are deeply rooted in the beliefs and assumptions held by the management team. While the Company is confident in the reasonableness of its plans, it provides no guarantees about realizing these projections. Recognizable indicators of forward-looking statements involve language such as “believe,” “continue,” “expect,” “forecast,” and other similar expressions; the absence of such terms does not negate the forward-looking nature of a statement.
These projections are based on data available as of the date of this release and reflect the current expectations, forecasts, and assumptions of the company’s management team. They carry inherent risks and uncertainties, many of which remain beyond the controls of the Company and its senior management. Thus, reliance on forward-looking statements as definitive indicators of the Company’s future prospects should be undertaken with caution, as they may change with subsequent developments or additional information.
Media Contact:
Dukas Linden Public Relations
+1 212.704.7385
[email protected]
Investor Contact:
Gateway Group
Ralf Esper
+1 949.574.3860
[email protected]
1 From Q1 2023 – Q4 2024
A photo accompanying this announcement is available at
### Interview with Gary Garrabrant, CEO of Captivision
### Interview with Gary Garrabrant, CEO of Captivision
**Interviewer:** Gary, thank you for joining us today. Congratulations on the completion of the installation at COEX Magok Le-West. Can you tell us what makes this project significant for Captivision?
**Gary Garrabrant:** Thank you for having me! This project is particularly significant because it showcases our commitment to innovation in media glass technology. The installation spans over 16,000 square feet and features transparent media displays that enhance the architectural beauty of COEX Magok Le-West while providing a versatile platform for entertainment and information dissemination.
**Interviewer:** That’s impressive! You mentioned in your statement that collaborating with Lotte Group symbolizes a commitment to world-class partnerships. Can you explain what this partnership means for Captivision going forward?
**Gary Garrabrant:** Absolutely. Working with Lotte Group allows us to leverage their extensive experience in construction and development while bringing our technological advancements to the forefront. This collaboration exemplifies our intention to reach new heights in the field of architectural media solutions. We aim to build on this success and explore more opportunities to expand our innovations in similar high-profile projects.
**Interviewer:** You’ve reported that this installation has generated about $8 million in revenue for Captivision. What does this commercial success mean for your company’s future?
**Gary Garrabrant:** This revenue demonstrates the market’s positive reception to our technology and services. It validates our strategies and reinforces our position in the industry. We see this as an opportunity not just for growth but for further investment in research and development. The interest in our media glass solutions is expanding globally, and we intend to capitalize on that momentum.
**Interviewer:** Captivision is described as a leader in media glass innovation. What sets your products apart from others in the market?
**Gary Garrabrant:** Our media glass uniquely transforms any glass facade into a real-time media screen, which opens up a wide range of applications—from marketing strategies to artistic presentations. Unlike traditional displays, our technology integrates seamlessly with architectural elements, offering both functionality and aesthetics. This versatility is what attracts diverse sectors, including sports, retail, and entertainment.
**Interviewer:** Lastly, with the rapid developments in technology, what can we expect from Captivision in the near future?
**Gary Garrabrant:** We are focused on continuous innovation and expanding our product offerings. We are exploring new applications for our media glass and the integration of advanced technologies such as AI and AR to enhance user engagement. Our goal is to stay at the cutting edge, setting trends rather than following them in the field of architectural media solutions.
**Interviewer:** Thank you for sharing your insights, Gary. We look forward to seeing how Captivision evolves in the coming years!
**Gary Garrabrant:** Thank you! It’s an exciting time for us, and I appreciate the opportunity to discuss our vision.
