Movella Holdings Inc.

HENDERSON, NV / ACCESSWIRE / March 29, 2023 / Movella Holdings Inc. (NASDAQ:MVLA) ('Movella'), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, is providing motion capture technology to forensic animation specialist, Allrise, in creating fact-based 3D recreations during court trials.

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Legal cases involve complex information that is often difficult for juries or judges to understand. Allrise creates comprehensive 3D animations, simulations, and visual aids that help attorneys present their cases in a more compelling way. Attorneys use graphics to help clarify information, make arguments more effective, and enable the court to form conclusions. With character animation now a fundamental aspect in these deliverables, the use of Movella's Xsens motion capture technology enables Allrise to create accurate and detailed 3D animations.

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"Our collaboration with Movella allows us to further enhance our ability to present complex information using the highest quality motion capture data available to inform our visuals," said Samir Lyons, Lead Forensic Animator at Allrise. "The end result is a higher level of understanding and engagement at trial, ultimately leading to more successful outcomes for our clients."

Accuracy and specificity are vital to a trial setting. By utilizing Xsens motion capture systems, Allrise employs motion capture suits on real people to re-enact entire situations. Often working with plaintiffs, defendants, and witnesses involved in any given trial, Allrise tracks movement including slips, crashes, or falls and incorporates this data into their animations with an unprecedented level of realism.

"We are thrilled to collaborate with Allrise, and for Movella to be such a crucial part of their mission to develop the most detailed courtroom animations available," says CJ Hoogsteen, VP Sales & Marketing at Movella. "By providing high-quality motion tracking services, we are able to help Allrise empower attorneys with the tools they need to effectively communicate their case to a jury and set a new standard for legal advocacy."

By leveraging Movella's motion capture technology within their animation pipelines, Allrise elevates the quality of courtroom animations, thus paving the way for more effective and engaging legal advocacy. The partnership supports their mission to drive positive change in the industry and provide a new level of visual clarity to legal demonstrations, ultimately leading to better outcomes for clients.

//ENDS

About Movella Holdings Inc.

Movella is a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement. Movella serves the entertainment, health & sports, and automation & mobility markets. Our innovations enable customers to capitalize on the value of movement by transforming data into meaningful and actionable insights. Partnering with leading global brands such as Electronic Arts, EPIC Games, 20^th Century Studios, Netflix, Toyota, Siemens and over 500 sports organizations, Movella is creating extraordinary outcomes that move humanity forward. To learn more, please visit www.movella.com.

About Allrise

Allrise is a leading provider of courtroom animation and trial graphics services, using modern tools and techniques to help jurors understand the complexities of legal cases. Our team of experienced professionals is dedicated to providing high-quality visual aids that enhance the effectiveness of legal arguments and help attorneys win cases. We do this by understanding the medical and scientific nuances involved in every case, conducting thorough research and collaborating with expert witnesses to ensure the highest level of accuracy and integrity. Find out more at https://www.allriselit.com/.

Cautionary Statement Regarding Forward Looking Statements

This press release contains "forward-looking statements" within the meaning of federal securities laws. The words "accelerate," "anticipate," "believe," "continue," "could," "enable," "estimate," "expect," "extend," "fuel," "future," "growth," "intend," "may," "might," "opportunity," "outlook," "plan," "position," "possible," "potential," "predict," "progress," "project," "realize," "see," "seem," "should," "will," "would," and similar expressions, or the negative of such expressions, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding the following: Movella's management team's expectations, hopes, beliefs, intentions or strategies regarding the future and the company's competitive position; the potential impact of the merger on Movella and its business, including allowing Movella to continue to rapidly scale its business and further invest in market-leading movement capture and digitization solutions; the potential benefits and expectations related to the terms of the FP financing, including but not limited to, the sale of FP-purchased stock and repayment of the note; the ability of Movella's solutions to enable real-time digitized movement in the emerging high-growth areas of the Metaverse, next-generation gaming, live streaming and other applications; the anticipated use of capital raised from the transaction to further scale and grow the business; the belief that Movella's proprietary technology, scalable business model, and experienced leadership team will position Movella to extend its leadership position and continue to deliver innovations that drive the industry; the anticipated or potential features, benefits, and applications for Movella's products and technology and timing thereof; the market opportunity for Movella's products and technology; or other characterizations of future events or circumstances, including any underlying assumptions. These statements are based on the current expectations of Movella's management and are not predictions of actual performance and as such, are provided for illustrative purposes only. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Movella's control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, the following: (i) failure to realize the anticipated benefits of the merger ; (ii) general economic conditions and Movella's financial performance; (iii) changes adversely affecting the businesses in which Movella is engaged; (iv) Movella's ability to execute on its business strategy and plans and to manage growth; and (v) risks related to regulatory matters, as well as the factors described under the headings "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the final prospectus filed with the Securities and Exchange Commission (the "SEC") pursuant to Rule 424(b)(3) by Pathfinder on January 17, 2023 and in those documents that Movella will file with the SEC in the future. If any of these risks materialize or the underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Movella presently knows or currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect expectations, plans or forecasts of future events and views as of the date of this press release. Movella anticipates that subsequent events and developments will cause its assessments to change. However, while Movella may elect to update these forward-looking statements at some point in the future, Movella specifically disclaims any obligation to do so, except to the extent required by applicable law. These forward-looking statements should not be relied upon as representing Movella's assessments as of any date subsequent to the date of this press release and are not intended to serve as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Contacts:

Investor Relations: investors@movella.com

SOURCE: Movella Holdings Inc.

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