STOCKHOLM, Feb. 8, 2018 /PRNewswire/ -- Starbreeze AB, today
confirmed that the company is in talks with the Taiwanese PC
Manufacturer Acer about potentially IPO the joint venture StarVR
Corporation, but no decision has been taken.
"I can confirm that we are in talks with Acer on the possibly of
an IPO for StarVR." said Bo
Andersson-Klint, Starbreeze CEO.
"We're in agreement with Acer that this is an excellent way to
propel the business into becoming the leading global VR company we
set out to create from the beginning. StarVR's mission is to
provide VR related hardware for enterprise solutions and
location-based entertainment set ups, such as the VR center that we
are building in Dubai. With the
research and development phase of the StarVR headset completed, we
are confident we have the best, most durable and most scalable
solution on the market. With 210-degrees field of view, in high
definition resolution over the entire field, eye-tracking, support
for multiple tracking solutions, lightweight casing, backpack
wireless option and its own 2nd generation Fresnel lens - the
StarVR headset is a real technological achievement. With the
headset and its subsystems in near completion, StarVR is well set
for its own successful business. We are excited to be able to
demonstrate this capability in our VR center in Dubai in the near future."
As a content provider for StarVR, Starbreeze foresees a healthy
VR business in the location-based entertainment segment.
Since October 2017, Starbreeze AB
owns 33.3 percent and Acer 66.6 percent of joint venture StarVR
Corporation, which is a sales and marketing company that manages
the sales organization, support and aftermarket support for the
StarVR headset.
Starbreeze owns and controls the IP rights related to StarVR,
while Acer manufactures the product. Development and reference
design work for the headset are carried out jointly by Starbreeze
and Acer. The VR content work takes place within Starbreeze.
For more information, please contact:
Ann Charlotte Svensson, Head of Investor
Relations and Corporate Communications
Tel: +46(0)8-209 208, email: ir@starbreeze.com
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SOURCE Starbreeze AB