Mo-Sys Engineering welcomes Strategic Seed Investment from Global Giant LG to
drive Research and Development and Propel Next-Generation Virtual Production
Technologies.
September 9, 2024 – London, UK
Mo-Sys Engineering, a developer of virtual manufacturing and imaging robotics, announces a strategic seed investment from LG Electronics.
LG Acquires Non-Controlling Minority Stake in Mo-Sys
LG has acquired a non-controlling minority stake in Mo-Sys, underscoring its commitment to the future of virtual production.
LG’s investment will primarily support Mo-Sys’s research and development initiatives, aimed at advancing the next generation of virtual production technology. This collaboration
highlights LG’s recognition of Mo-Sys’s holistic approach to virtual production, which
includes not only developing cutting-edge tools and technologies but also offering an
academy and pioneering more efficient filming workflows.
Michael Geissler, CEO of Mo-Sys Engineering, commented, “We are delighted to have LG’s support as we continue to innovate in the field of next-generation virtual production
technology. Their investment will enable us to enhance our R&D efforts, drive sustainability, and create more efficient production solutions.”
“We’re excited by this new partnership, and by the unique value we’ll be able to deliver to
customers through combining LG’s mastery of display technology with Mo-Sys’s expertise in
virtual production solutions,” said Paik Ki-mun, Senior Vice President and Head of the
Information Display Business Unit of LG Business Solutions Company.
Mo-Sys has garnered several innovation awards for its sustainable practices, enabling
filming with less travel and reduced environmental impact. The company’s upcoming move
into London’s Plumstead PowerStation will transform the site into a premier virtual
production hub, where filmmakers can collaborate with researchers to push the boundaries
of what’s possible in the industry.
This partnership not only aims to revolutionise virtual production technology but also
supports environmental sustainability, reflecting both companies’ dedication to a greener
future for the film and broadcasting industries.
About Mo-Sys
Mo-Sys is an innovative designer and manufacturer of advanced image robotics, Virtual Production and remote production products for the high-end film and broadcast industry. The Mo-Sys product range spans remote heads and motion control, broadcast robotics, mechanical and optical camera tracking for augmented reality and Virtual Production, and on-set visualization.
News source – Mo-Sys
