VR Education Holdings PLC VRE to Launch 5G VR Device with Deutsche Telekom (5651V)
04 Dicembre 2019 - 8:00AM
UK Regulatory
TIDMVRE
RNS Number : 5651V
VR Education Holdings PLC
04 December 2019
For immediate release 4 December 2019
VR Education Holdings plc
('VR Education' or the 'Group')
VR Education partners with Deutsche Telekom, Qualcomm
Technologies Inc. and XRSPACE for launch of new 5G VR device
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 the Group's
ENGAGE platform has been selected as one of a handful of titles to
be a launch application for a new 5G VR head mounted display
('HMD'), which is currently being developed in partnership with
Deutsche Telekom, Qualcomm Technologies Inc. and XRSPACE. It is
anticipated that this new 5G VR HMD, which is lighter and less
bulky than its predecessors and due for launch in mid-2020, will
deliver a significant boost to the VR ecosystem through its low
latency attributes, allowing it to redefine the way people connect,
learn, socialise, play and collaborate.
The new 5G VR HMD will allow consumers to experience a
metaverse, where the virtual and real-world blur to transform how
people come together in a more personal, natural, and meaningful
way, without the confines of physical boundaries. Instead of moving
a cursor across a grid of icons to open applications as in today's
VR experiences, the device will offer a novel user interface where
users are represented as a real-life looking avatar and navigate
the virtual world.
This new offering will be distributed exclusively through global
telecom operators and initially include a VR HMD powered by a
Qualcomm Snapdragon Mobile VR Platform and innovative content
spanning communication, social, education, media, shopping, and
entertainment. It represents a key use for 5G technology and has
support from telecom operator Deutsche Telekom, which has 7 million
mobile customers in Germany and about 44 million around the globe.
More than 300,000 of those German customers use the carrier's
current VR app, Magenta VR, under their T-Mobile brand.
David Whelan, CEO of VR Education, said: "VR and AR technology
(XR) up to now has only appealed to very large corporations for
training and the hardcore video game community. 5G deployment is
about to change this mindset allowing for more immersive
experiences, faster streaming services and smaller end user devices
making a currently niche product appeal to a mass market. This new
5G VR device is certainly much smaller and lighter than what we
have seen in the past from other manufacturers and we are
definitely in touching distance of where XR headsets will actually
have the same form as standard glasses.
"Having a leading telecom company such as Deutsche Telekom push
forward with an XR offering for their new 5G customers is a welcome
development and ENGAGE being part of this push on the corporate
training and education side is very exciting."
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 (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,
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 four downloadable showcase VR experiences,
including 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
UPDDMMGZNFKGLZM
(END) Dow Jones Newswires
December 04, 2019 02:00 ET (07:00 GMT)
Grafico Azioni Vr Education (LSE:VRE)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Vr Education (LSE:VRE)
Storico
Da Apr 2023 a Apr 2024