TIDMVRE
RNS Number : 8911W
VR Education Holdings PLC
24 August 2020
24 August 2020
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
VR Education Holdings plc
('VR Education' or the 'Company')
Directorate Changes
VR Education (AIM: VRE; Euronext Growth: 6VR), a leading virtual
reality ('VR') technology company focused on the education and
enterprise training space, announces that Dr. Harry Kloor has been
appointed as Non-Executive Director of the Company with immediate
effect.
Based in the United States, Harry is an entrepreneur, scientist,
technologist, educator, policy advisor, and Hollywood producer and
writer. He is the CEO and Co-Founder of Beyond Imagination, a
company seeking to build general-purpose robotic humanoids. Harry
is involved in the education sector and has significant experience
in bringing science to the public. He has worked as an advisor for
NASA, US Senate, Jet Propulsion Laboratories, and numerous other
science organisations. Dr. Kloor was also one of the five founding
team members of XPRIZE, the non-profit organisation that designs
and hosts public competitions intended to encourage technological
development to benefit humanity. He has worked with a large number
of scientific organisations, universities, and companies to advance
technologies ranging from robotics, virtual and augmented reality,
artificial intelligence, deep machine learning, sensor networks,
IOT, haptics and holography.
Coinciding with the appointment of Dr. Harry Kloor, Mike Boyce,
who has been a Non-Executive Director of the Company since February
2018, is stepping down from the Board to pursue other business
interests. Following a brief transition period, Mike will
officially step down from the Board on 31 August 2020.
Richard Cooper, Chairman of VR Education, said: "I am delighted
to welcome Harry to the Board. He has deep experience in the
education sector and in driving adoption of new technologies,
particularly in the important US marketplace. We look forward to
his insight and support as we continue to deliver on our strategy
and benefit from the increasing interest in VR in multiple
sectors.
"On behalf of the Board, I would like to thank Mike for his
counsel and support since VR Education floated in 2018 and wish him
well in the future."
Dr. Harry Kloor added: "I am thrilled to be joining the board of
VR Education Holdings plc. I have spent decades immersed in XR
technologies, and their applications in entertainment, medicine,
social networking, and most importantly education. The ENGAGE
platform is exactly what is needed in a world which is now working
much more remotely than before. There is only so much you can do
via video conferencing: looking at a flat screen is a poor
substitute for really being at a location, but with ENGAGE you can
learn as if you are actually in a class room, collaborate, or be
entertained in so many different ways. ENGAGE shatters the barrier
and fears many I think face when thinking about how to utilise VR
environments, making it an easy system to fulfil ones needs. I look
forward to sharing my ideas and assisting the Company as best as I
can as a board member."
The following information is disclosed in respect of Dr. Harry
Kloor (age 57) pursuant to Schedule 2(g) of the AIM Rules for
Companies and Chapter 5: Additional Rules for the Euronext Growth
Market operated by Euronext Dublin:
Current directorships Directorships and partnerships
held in the past five years
Beyond Imagination Inc American Power Group Corporation
---------------------------------
Enki Galactic Holdings LLC Jupiter 9 Productions Inc
---------------------------------
International Brain Mapping STEM CC INCORPORATED
and Intra-Operative Surgical
Planning Society
---------------------------------
Dr. Harry Kloor does not hold any ordinary shares or options
over ordinary shares in the Company.
There is no further information which is required to be
disclosed under Schedule 2(g) of the AIM Rules for Companies and
Chapter 5: Additional Rules for the Euronext Growth Market operated
by Euronext Dublin in respect of Dr. Harry Kloor.
- Ends -
For further information, please contact:
VR Education Holdings plc Tel: +353 87 665 6708
Richard Cooper, Chairman contact@vreducationholdings.com
David Whelan, CEO
Sandra Whelan, COO
Cairn Financial Advisers LLP (Nominated Tel: +44 (0) 20 7213
Adviser) 0880
James Caithie / Liam Murray / Ludovico
Lazzaretti
Shard Capital Partners LLP (Joint Tel: +44 (0) 20 7186
Broker) 9952
Damon Heath / Erik Woolgar
Davy (Joint Broker & Euronext Growth Tel: +353 1 679 6363
Advisor)
Fergal Meegan / Ronan Veale / Barry
Murphy
Buchanan (Financial PR) Tel: +44 (0)20 7466 5000
Henry Harrison-Topham / Chris Lane VRE@buchanan.uk.com
/ Tilly Abraham
Notes to Editors
VR Education, together with its wholly owned subsidiary, is an
early stage VR software and technology group based in Waterford,
Ireland, dedicated to transforming the delivery methods of
education and corporate training by utilising VR technologies to
deliver fully immersive virtual learning experiences. The Group's
core focus is the development and commercialisation of its online
virtual social learning and presentation platform called ENGAGE,
which provides a platform for creating, sharing and delivering
proprietary and third-party VR content for educational and
corporate training purposes.
In addition to the ongoing development of the ENGAGE platform,
the Group has also built two downloadable showcase VR experiences,
being the award-winning Apollo 11 VR experience and the Titanic VR
experience.
On 12 March 2018, VR Education listed on the AIM market of the
London Stock Exchange and on the Enterprise Securities Market, a
market regulated by Euronext Dublin. For further information,
please visit www.vreducationholdings.com .
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END
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