Pires Investments PLC VividQ Update
17 Settembre 2020 - 08:00AM
RNS Non-Regulatory
TIDMPIRI
Pires Investments PLC
17 September 2020
17 September 2020
Pires Investments plc
("Pires" or the "Company")
VividQ collaborates with Arm to power holographic display on
mobile
Pires Investments pls (AIM: PIRI), the investment company
focused on next generation technology, is pleased to provide an
update on its investment in Sure Valley Ventures ("SVV") in
relation to VividQ, a deep technology software company with
expertise in holographic display; a company within the SVV
portfolio.
On 15 September 2020, VividQ announced a partnership with Arm, a
world leading technology provider of silicon IP, to further enable
the integration of holographic display into Augmented Reality
("AR") wearables. The collaboration makes VividQ's software
compatible with mobile devices using Arm Mali Graphics Processing
Units ("GPUs").
Holographic display provides a realistic depth perception in AR
devices; considered to be one of the major requirements for mass
adoption of consumer AR. The natural depth of field in AR can be
achieved with Computer-Generated Holography ("CGH") powered by
VividQ software, which is the method of creating holograms
digitally. Each hologram is encoded with all the necessary
information required to display a three-dimensional scene, with
depth, to the viewer.
Pires has a circa 13% interest in SVV. SVV is a venture capital
fund focused on investing in the software technology sector with a
specific focus on artificial intelligence, the internet of things
and immersive technologies.
Peter Redmond, Chairman of Pires commented:
"We are delighted to provide an update regarding VividQ's
collaboration with Arm, which offers an exciting opportunity for
significant developments in consumer AR technology. We believe that
VividQ is well positioned to serve the increasing demand for
holographic display in AR wearables and mobile devices and the
collaboration with Arm - a commendable endorsement of VividQ's
software and team - will certainly aid this progress. We look
forward to updating the market with VividQ's progress to this
regard in due course."
- Ends -
Enquiries:
Pires Investments plc Tel: +44 (0) 20 3368 8961
Peter Redmond, Chairman
Nicholas Lee, Director
Broker
Peterhouse Capital Limited Tel: +44 (0) 20 7469 0935
Duncan Vasey/Lucy Williams Tel: +44 (0) 20 7469 0936
Joint broker
Mirabaud Securities Limited Tel: +44 (0) 20 3167 7221
Peter Krens
Financial media and PR
Yellow Jersey Tel: +44 (0) 20 3004 9512
Sarah Hollins
Henry Wilkinson
Annabel Atkins
Notes to Editors
About Pires Investments plc
Pires Investments plc (AIM: PIRI) is an investment company
providing investors with access to a portfolio of next generation
technology businesses with significant growth potential.
The Company is building an investment portfolio of high-tech
businesses across areas such as Artificial Intelligence ("AI"),
Internet of Things ("IoT"), Cyber Security, Machine Learning,
Augmented Reality and Virtual Reality ("AR/VR") and Big Data, which
the Board believes demonstrate evidence of traction and the
potential for exponential growth, due to increasing global demand
for development in these sectors.
For further information, visit: https://piresinvestments.com/
.
About VividQ
VividQ is a deep tech software company with world-leading
expertise in 3D holography. Its expert engineers, mathematicians
and computer scientists out of the Universities of Cambridge,
Oxford and St Andrews developed the patented technology for
commercial applications of holographic display in AR/VR headsets
and smartglasses, automotive head-up displays, and consumer
electronics. VividQ is backed by leading international investors
including Sure Valley Ventures, OSRAM FluxUnit Ventures, University
of Tokyo Edge Capital and Essex Innovation.
Further details about VividQ can be found at
https://vivid-q.com/ .
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