ADX Labs' $10M Seed Investment in Vu Technologies to Drive Rapid Build-Out of National Vu Studio Virtual Production Network

Minneapolis, Minnesota--(Newsfile Corp. - December 20, 2021) - ADX Labs announced today that the company has invested US$10 million in Vū Technologies, owner and operator of the advanced Vū Studios virtual film and television production facility in Tampa, Florida. ADX believes this to be the largest-ever seed investment in a Tampa Bay (Florida) startup.

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Key Takeaways:

• ADX Labs today announced that it has invested $10M in Vū Technologies. The seed investment could be considered a "pre-Series A" round. The investment will drive the rapid build-out of the largest national network of virtual production soundstages for the entertainment and film industry.
• Vū Technologies specializes in virtual production which allows filmmakers to shoot photo realistic virtual environments in the studio and blends both Extended Reality and Mixed Reality technologies in Vū's advanced studio facilities.
• Unique to Vū's patented technologies is an innovative system which allows Vū Studio soundstages to be theatrically lit from above the enclosed volume.

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About ADX Labs

ADX Labs, Inc. is an American technology and services company focused on providing a range of innovative products and services for individuals, home-based businesses, and the small to medium enterprise market. ADX develops or invests in cloud computing and applications, cybersecurity, artificial intelligence and machine learning, a console and casual game development studio, fintech and blockchain, virtual film and television production, music content and technology, and other crucial aspects of today's technological world. ADX Labs, Inc. is the core company in a global group of technology, entertainment and services brands and businesses. Learn more at https://adxlabs.com.

About Vū Technology

Vū Technologies Corp (Vū) is a company specializing in virtual production of advertising and corporate video, film and episodic television with a fast-growing network of studio campuses across North America. Headquartered in Tampa Bay, Florida, the V Studios network will add new campuses in Las Vegas, Nevada, Nashville, Tennessee and northeastern United States in early 2022. Unlike conventional filmmaking, virtual production allows filmmakers to shoot photo realistic virtual environments in studio instead of having to travel on location, saving both cost and time. As the national leader in virtual production technology and methodologies, and owner of several fundamental patents in the field, Vū is quickly becoming the largest and most important virtual studio network in North America. Learn more at https://vustudios.com.

Contacts:

Emily Vivian
+1 425 894-6561
evivian@adxnet.com

Source: ADX Labs, Inc.

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