Exhibit 99.1
Jaguar Global and GLAAM/Captivision Announce Significant New Projects
Mohegan INSPIRE Entertainment Resort, Incheon and Lotte Group Magok Complex, Seoul Propel Growth of Captivision
Miami, Florida and Seoul, South Korea – September 26, 2023 – Jaguar Global Growth Corporation I (Nasdaq: JGGC, JGGCR, and JGGCW) (“Jaguar Global”) and GLAAM, Co., Ltd. (“GLAAM” or “the Company”), a leading designer and manufacturer of architectural media glass, and Captivision Inc. (“Captivision”), today announced that GLAAM has been selected as the main supplier of media glass for two prominent new properties in South Korea. GLAAM will be supplying over 16,000 sq. ft. of glass for each of the Mohegan INSPIRE Entertainment Resort in Incheon and the Magok Meeting, Incentives, Convention, and Exhibition (“MICE”) complex in Seoul, with its proprietary G-Glass serving as the main façade of both complexes.
Mohegan INSPIRE Entertainment Resort and Casino
In April 2023, GLAAM was awarded a contract worth KRW 6 billion ($4.5 million USD) with Hanhwa ENC, the 12th largest construction company in Korea, for a media glass installation at the main entrance of the Mohegan INSPIRE Entertainment Resort and Casino. GLAAM’s G-Glass was selected for its unique fusion of media capabilities, total transparency, and full glass façade functionality.
Located near Incheon Airport, the Mohegan INSPIRE Entertainment Resort is expected to be the largest integrated resort in Northeast Asia. The destination property will feature three five-star hotels, Korea’s first 15,000-seat arena, a 127,000 sq. ft. conference facility, and 400,000 sq. ft. of retail space, as well as a major casino managed by Mohegan, a leading U.S. based entertainment, gaming, and hospitality company. GLAAM’s G-Glass installation is expected to be completed in October 2023, with the full first phase of the resort anticipated to be completed in early 2024.
Magok MICE Complex
GLAAM was recently selected by Lotte Engineering & Construction Co. Ltd., one of Korea’s largest construction conglomerates, to supply glass for the CP1 Fourth Generation Media Façade of the Magok MICE Complex in Seoul, for a total project value of approximately KRW 9 billion ($6.7 million USD). The over 890,000 sq. ft. complex is expected to be completed in 2024 and will include a state-of-the-art convention center outfitted with a hotel, office and commercial space, and an advanced media façade comprised of G-Glass.
The KRW 2.5 trillion ($1.9 billion USD) landmark development will be Seoul’s largest MICE complex, at roughly twice the size of Seoul’s current prime exhibition and convention center, COEX, where GLAAM previously completed a 12,000 sq. ft. installation.
“We are proud to announce that GLAAM’s proprietary technology will be featured at two of the most prominent business developments in South Korea today,” said Dr. Ho Joon Lee, Co-Founder of GLAAM. “The award of these two high-profile contracts is a testament to the compelling transparency and sophisticated media capabilities of our G-Glass and the Company’s strong pipeline of growth opportunities.”