VR Education Holdings PLC US Space & Rocket Center extends agreement (5691X)
20 Dicembre 2019 - 08:00AM
UK Regulatory
TIDMVRE
RNS Number : 5691X
VR Education Holdings PLC
20 December 2019
20 December 2019
VR Education Holdings plc
('VR Education' or the 'Group')
U.S. Space & Rocket Center extends agreement
and
ENGAGE launched on HTC Viveport platform
VR Education (AIM: VRE; Euronext Growth: 6VR), a leading virtual
reality ('VR') technology company focused on the education and
enterprise training space, is pleased to announce that further to
the announcement issued on 23 May 2019, the U.S. Space and Rocket
Center in Huntsville, Alabama, has following a successful initial
trial period, agreed to extend the commercial agreement for the
Apollo 11 VR experience (the 'Agreement') for a further twelve
months from 19 December 2019. VR Education is also pleased to
announce that its ENGAGE platform has launched on HTC's Viveport
ecosystem.
U.S. Space & Rocket Center extends agreement
The U.S. Space and Rocket Center in Huntsville, Alabama, is one
of the top aviation and aerospace museums in the USA and Alabama's
top paid tourist attraction. The extension to the Agreement is for
the use of the Apollo 11 VR experience, which provides visitors
with the opportunity to experience the moon landing within virtual
reality using a shortened version of the Group's showcase Apollo 11
VR experience. Visitors will be able to continue to purchase
tickets for this experience at any one of 15 stations at circa
US$10 and VR Education will continue to benefit from this through a
revenue share as set out in the Agreement.
David Whelan, CEO of VR Education, said: "We are delighted that
the U.S. Space and Rocket Center has decided to extend our original
agreement by a year. This follows a highly successful trial period
which has seen considerable take up of our Apollo 11 VR experience.
It has proven to be a popular addition to the museum for its
visitors and has generated an additional revenue stream for both
parties involved. We look forward to continuing our strong working
relationship with the U.S. Space and Rocket Center and allowing
their visitors to experience one of the greatest moments of our
time."
ENGAGE launched on HTC Viveport platform
The ENGAGE platform has this month launched on HTC's Viveport
ecosystem which supports android based devices such as the Vive
Focus and Vive Focus Plus, with the latter targeting professional
and corporate clients.
HTC has a strong presence in Asia and Europe and recently
collaborated with China Mobile (CMCC) to launch the "5G Devices
Forerunner Initiative", which aims to conduct large scale tests of
pre-commercial 5G devices. HTC and CMCC are hoping that the
initiative can discover and lead to the development of new
applications for VR before 5G's commercial rollout in 2020.
David Whelan commented: "China's VR market is forecast to reach
US$7.9 billion by 2021, driven by increased policy support and 5G
roll-out. The ENGAGE platform is now available to this rapidly
growing Asian market via Viveport and will appeal to businesses and
corporations seeking to provide rapid deployment of training
materials to their workers. ENGAGE will also be a valuable tool for
educators in Asia looking to replace traditional online learning
solutions where video-based communications are not meeting
requirements."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
- Ends -
For further information, please contact:
VR Education Holdings plc Tel: +353 87 665 6708
David Whelan, CEO contact@vreducationholdings.com
Sandra Whelan, COO
Cairn Financial Advisers LLP (Nominated Tel: +44 (0) 20 7213
Adviser) 0880
James Caithie / Liam Murray / Ludovico
Lazzaretti
Shore Capital (Joint Broker) Tel: +44 (0) 20 7408
Toby Gibbs / Anita Ghanekar 4090
Fiona Conroy
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCTLBBTMBJBTBL
(END) Dow Jones Newswires
December 20, 2019 02:00 ET (07:00 GMT)
Grafico Azioni Vr Education (LSE:VRE)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Vr Education (LSE:VRE)
Storico
Da Mar 2023 a Mar 2024