VR Education Holdings PLC Commercial Update (9177Z)
23 Maggio 2019 - 8:01AM
UK Regulatory
TIDMVRE
RNS Number : 9177Z
VR Education Holdings PLC
23 May 2019
For immediate release 23 May 2019
VR Education Holdings plc
('VR Education' or the 'Group')
Commercial Agreement with U.S. Space & Rocket Center and
selection for Oculus Anywhere Programme
VR Education (AIM: VRE; Euronext Growth: 6VR), a leading virtual
reality ('VR') technology company focused on the education space,
is pleased to announce that on 22 May 2019 the Group signed a
commercial agreement ('Agreement') with the U.S. Space and Rocket
Center in Huntsville, Alabama, one of the top aviation and
aerospace museums in the USA and Alabama's top paid tourist
attraction, for use of the Group's Apollo 11 VR experience in a
major new attraction to celebrate the 50th anniversary of the moon
landing. The U.S. Space and Rocket Center is a Nasa Visitor Centre
and also a Smithsonian Affiliate.
This new attraction, which opens on 10 June 2019, will provide
visitors to the U.S. Space and Rocket Center the opportunity to
experience the moon landing within virtual reality using a
shortened version of the Company's showcase Apollo 11 VR
experience. Visitors can purchase tickets for this experience at
any one of 15 stations at circa US$10-15 and VR Education will
benefit from this through a revenue share negotiated as part of the
Agreement.
Apollo 11 VR chosen by Facebook as part of Oculus Anywhere
Programme
The Group also announces that Apollo 11 VR has been chosen by
Facebook as part of the Oculus Anywhere Programme. This programme
is designed to deliver the best-in-class demo experience of Oculus
Quest, Oculus Rift S, Oculus Rift and Oculus Go in a branded kiosk,
with hardware and software, and staffed by Oculus Brand
Ambassadors. These are the demo experiences that will be on show at
conferences like Sundance, PAX, F8, GDC. Each of the demo events
are approved by Oculus marketing, and the content is curated from
their list of pre-approved apps.
David Whelan, CEO of VR Education, said:
"We are delighted to be working with the U.S. Space and Rocket
Center where this year they are expecting over one million visitors
to walk through their doors. The Center has given us a prime
location within the museum where visitors can participate in the
Apollo 11 VR experience. It is fantastic to be working with the
U.S. Space and Rocket Center, which has major plans for the
promotion of this experience to coincide with the 50(th)
anniversary of the moon landing."
"It is also great to be working with Facebook to promote
educational content via our Apollo 11 VR experience, which was
updated to an HD version last year, to show users that VR is used
for more than just entertainment."
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 / Richard
Nash
Shore Capital (Joint Broker) Tel: +44 (0) 20 7601
Andy Crossley / Richard Johnson 6100
Davy (Joint Broker & Euronext Growth Tel: +353 1 679 6363
Advisor)
Fergal Meegan / Ronan Veale / Barry
Murphy
Buchanan (UK 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,
www.engagevr.io, 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 three downloadable showcase VR
experiences, being the award-winning Apollo 11 VR experience, the
award-winning Titanic VR experience and the award-winning 1943:
Berlin Blitz.
On 12 March 2018, VR Education listed on the AIM market of the
London Stock Exchange and on Euronext Growth, a market regulated by
Euronext Dublin.
For further information, please visit
www.vreducationholdings.com.
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END
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