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D-Box Technologies Inc
Symbol DBO
Shares Issued 175,950,573
Close 2021-02-12 C$ 0.14
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D-Box to supply SIMTAG with haptic components

2021-02-12 13:22 ET - News Release

Mr. Sebastien Mailhot reports

D-BOX TECHNOLOGIES AND SIMTAG ARE REINVENTING THE VIRTUAL SIM RACING EXPERIENCE

D-Box Technologies Inc. has entered into an agreement with Simtag BV, an innovator in developing and building simulators and accessories for sim racing, pursuant to which D-Box will supply Simtag with haptic components to be integrated into Simtag's new active brake pedal with integrated FIA-licensed haptic technology. The value of the haptic components to be sold by D-Box pursuant to this agreement is approximately $1.17-million ($918,000 (U.S.)) over the next year. This innovation, using proven technology, confirms D-Box's know-how and technological advancement in the home entertainment industry.

This new type of brake pedal will greatly enhance the racing experience, giving it an improved realism transmitted through feedback and subtle vibration to the pedal. Through the combination of a pedal set and a haptic seat, the entire body is involved to create a feeling of immersion in any sim racing experience.

"In sim racing, all parameters are used to get a realistic feeling. Suspension, alignment, the tire wear and even the temperature of the tires are simulated. Until now, brake wear or temperature rarely had any influence on a simulator. With the D-Box technology, we can now simulate brake wear, along with the ABS feeling. This will improve the braking systems for simulators to a complete new level," said Janos Zsinor, co-owner and sales manager at Simtag.

"This technological breakthrough once again demonstrates the recognition of our peers when it comes to innovation and our great expertise in haptic technology," said Sebastien Mailhot, president and chief executive officer of D-Box. "The new pedal set offers new market opportunities for both Simtag and D-Box. This is a great new product, part of the sim racing portfolio, which will enhance the gaming experience of racers all around the world!"

The global gaming simulator market is estimated to grow rapidly in the next few years. The superior playing experience and enhanced performance, along with the emergence of gaming as one of the prominent means of home entertainment, are the main driving factors for the growth of the gaming simulator market.

For D-Box, innovation is key and it is a cornerstone of its commitment to the world of home entertainment.

About D-Box Technologies Inc.

D-Box creates and redefines realistic, immersive entertainment experiences by moving the body and sparking the imagination through motion. D-Box has collaborated with some of the best companies in the world to deliver new ways to enhance great stories. Whether it is movies, video games, virtual reality applications, themed entertainment or professional simulation, D-Box creates a feeling of presence that makes life resonate like never before.

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