Mo-Sys Engineering has announced an investment from LG Electronics
The company has acquired a non-controlling minority stake in Mo-Sys, aiming to further enable research and development in virtual production and image robotics. The strategic seed investment highlights LG’s recognition of Mo-Sys’ holistic approach, which includes an academy alongside its work in developing solutions, technologies and driving more efficient filming workflows, it said.
CEO of Mo-Sys, Michael Geissler, said, “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.”
Paik Ki-mun, senior vice president and head of the Information Display Business Unit of LG Business Solutions Company, added, “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.”
Mo-Sys will soon be moving to a new base at Plumstead PowerStation, London, with the site becoming a virtual production hub. The partnership aims to reflect both companies’ dedication to pursuing a greener future for the industry.
