Moovly enters into OEM partnership with Acquia to offer Moovly video creation with Acquia's DAM and PIM platforms

Vancouver, British Columbia–(Newsfile Corp. – August 20, 2024) – Moovly Media Inc. (TSXV: MVY) (OTC Pink: MVVYF) (FSE: 0PV2) (“Moovly” or the “Company”) is pleased to announce that it has signed an original equipment manufacturer (OEM) agreement with Acquia, the leading provider of open software for digital experiences.

Under the agreement, which expands an existing partnership between the companies, Acquia will offer Moovly's advanced AI-powered video creation and generation solutions directly to customers worldwide as an add-on to Acquia's DAM (digital asset management) and PIM (product information management) platforms. The combined solution will enable Acquia customers to generate branded, AI-powered video content directly within their Acquia solutions using existing brand, marketing and product content.

Brendon Grunewald, co-founder and CEO of Moovly, said: “We are honored to have been selected by Acquia as their exclusive video creation platform. This OEM partnership represents a significant milestone in Moovly's history and we look forward to working with Acquia to help mutual customers enhance their digital experiences through our innovative video creation solutions..”

Moovly's cloud-based and AI-powered video creation platform enables users to create engaging, professional, and on-brand video content without the need for advanced technical knowledge. With the ability to leverage Moovly's intuitive drag-and-drop editor directly within Acquia DAM – including an extensive library of graphics, animations, and video clips – companies can streamline workflows and reduce time to market for various types of videos that can be used on websites and e-commerce channels, as well as social media, events, and more.

“We are excited about the opportunities our relationship with Moovly opens up for our clients to expand their use of one of the most effective mediums for increasing market presence, generating leads and converting customers.” said Jake Athey, vice president of sales and go-to-market, DAM and PIM at Acquia. “Video has become an essential part of any digital marketing strategy, yet traditional video production is time-consuming and costly. Moovly's versatile video creation solutions enable teams to produce high-quality content in minutes and leverage video at scale to drive greater customer engagement and marketing impact.”

About Acquia:
Acquia helps ambitious digital innovators create the most productive and frictionless digital experiences that make a difference for their customers, employees and communities. We offer the world's leading open Digital Experience Platform (DXP), built on the open source Drupal system, as part of our commitment to shaping a digital future that is secure, accessible and available to all. With Acquia DXP, you can unlock the potential of your customer data and content, reduce time to market and increase engagement, conversion and revenue.

About Moovly: Moovly is the leading provider of AI-powered creative tools for creating compelling marketing, communications, training videos, and video presentations. Moovly's advanced Studio Editor with millions of seamlessly integrated assets (via a partnership with Getty Images) is everything you need to create engaging video content to promote, communicate, or explain your product, service, or message. Moovly's API and Automator technologies enable third-party developers to automate parts or the entire content creation process, including bulk video customization, personalized videos (video version of form letters), automatic content creation or updating by connecting data sources. Its customers include over 300 of the Fortune 500, small businesses, freelancers, and Ivy League universities. Moovly is an intuitive, cost-effective choice for DIY creation of engaging video-based content.

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For more information about Moovly, visit www.moovly.com.

Note for readers

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of the words “expect,” “anticipate,” “continue,” “estimate,” “target,” “ongoing,” “may,” “will,” “project,” “should,” “believe,” “plans,” “intends” and similar expressions are intended to identify forward-looking information or statements. In particular, and without limitation, this press release contains forward-looking statements and information with respect to Moovly's future business plans and the expected benefits of its products. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

Such forward-looking information is inherently subject to various risks and uncertainties that could cause actual results and expectations to differ materially from those expressed. These risks and uncertainties include, but are not limited to, Moovly's inability to continue to market its products and a decline or disappearance of demand for its products. Additional risk factors are described in detail in the Company's management report dated March 31, 2024, which is available in the Company's profile at www.sedarplus.caOther risks and factors that could cause results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada, the United States and internationally; industry conditions; unexpected operational events; failure to obtain necessary third party consents and approvals if and when required; availability of capital on acceptable terms; the need to obtain necessary regulatory approvals; volatility of equity markets; competition for, among other things, capital and qualified personnel; changes in tax laws and other factors. Readers are cautioned that this list of risk factors should not be considered exhaustive.

The forward-looking information contained in this press release is expressly qualified by this cautionary statement. Readers are cautioned not to place undue reliance on this forward-looking information, which speaks only as of the date hereof, and not to use this forward-looking information for any purpose other than that intended. The Company undertakes no obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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