D-BOX Renews FIA Licensing Rights, Continuing to Elevate Motorsport Simulation Experience

MONTRÉAL, Aug. 19, 2024 (GLOBE NEWSWIRE) -- D-BOX Technologies Inc. (“D-BOX” or the "Corporation") (TSX: DBO), a world leader in haptic and immersive experiences, is pleased to announce the renewal of its licensing rights for three years, with The Federation Internationale de l'Automobile (FIA). This renewed partnership positions D-BOX as the only officially FIA licensed haptic system offered on the market today. This agreement reaffirms D-BOX's commitment to delivering high-quality immersive haptic technology to sim racers, professional racing teams, training facilities, sim racing centers and motorsport enthusiasts around the world.

This agreement will lead to a range of FIA Official Licensed Products developed by D-BOX to the FIA Clubs and all its retail partners around the world. Under the terms of the agreement, D-BOX will provide their products to support the FIA in leading the growth and development of Esports and, in so doing, extend the appeal of the sport to fresh audiences, with the aim of doubling global participation in motor sport.

Eric Stranne, FIA Esports Project Manager welcomed the backing of D-BOX at a time of growth and huge ambition for Esports worldwide. “We are delighted that a global brand like D-BOX has shared its support as we continue to develop and grow this sector,” he said. “We want to expand the global footprint of Esports, attracting a wider audience to the sport by making the experience realistic and truly immersive. D-BOX will play a pivotal role in achieving our aims by helping us and its customers inspire all the gaming industry to reach and inspire millions of potential new fans. We look forward to a strong collaboration together.”

"D-BOX is honored to renew our licensing agreement with the FIA, a globally recognized authority in motorsports," said Sébastien Mailhot, CEO of D-BOX Technologies. "This exclusive official license for haptic systems reaffirms our dedication to providing state-of-the-art motion simulation solutions that enhance training and performance, while also promoting safety and innovation in motorsports."

D-BOX Technologies Inc. is a pioneer in the field of immersive haptic technology, offering a unique system in sim racing. The renewal of its licensing rights with the FIA reinforces D-BOX's position as a pioneer and global leader in haptics.

ABOUT FIA
The Fédération Internationale de l'Automobile (FIA) is the governing body for world motor sport and the federation of the world’s leading mobility and motor sport organisations. Founded in 1904, with headquarters in Paris and Geneva, the FIA is a non-profit organisation. It brings together 243 Member Organisations from 146 countries on five continents. Its Member Clubs represent over 80 million road users and their families. The FIA promotes safe, sustainable, and accessible mobility for all road users around the world.

ABOUT D-BOX
D-BOX creates and redefines realistic, immersive experiences by moving the body and sparking the imagination through effects: motion, vibration and texture. D-BOX has collaborated with some of the best companies in the world to deliver new ways to enhance great stories. Whether it’s films, video games, music, relaxation, virtual reality applications, metaverse experience, themed entertainment or professional simulation, D-BOX creates a feeling of presence that makes life resonate like never before. D-BOX Technologies Inc. (TSX: DBO) is headquartered in Montreal with offices in Los Angeles, USA and Beijing, China. Visit D-BOX.com.

FOR FURTHER INFORMATION, PLEASE CONTACT:

D-BOX TECHNOLOGIES INC.
MBC Capital Markets Advisors
Trevor Heisler
+1 416-500-8061
investors@d-box.com

DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS
Certain information included in this press release may constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding the future plans, activities, objectives, operations, strategy, business outlook, and financial performance and condition of the Corporation, or the assumptions underlying any of the foregoing. In this document, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information, by its very nature, is subject to numerous risks and uncertainties and is based on several assumptions which give rise to the possibility that actual results could differ materially from the Corporation’s expectations expressed in or implied by such forward-looking information and no assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including but not limited to the future plans, activities, objectives, operations, strategy, business outlook and financial performance and condition of the Corporation.

Forward-looking information provided in this document is based on information available at the date hereof and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Corporation’s control.

Except as may be required by Canadian securities laws, the Corporation does not intend nor does it undertake any obligation to update or revise any forward-looking information contained in the annual information form to reflect subsequent information, events, circumstances or otherwise.

An image accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6efcb08a-43b5-4e99-aaed-ea0a79a4ea17