VR Education Holdings PLC MOU with Virtual College (6068R)
01 Luglio 2020 - 08:00AM
UK Regulatory
TIDMVRE
RNS Number : 6068R
VR Education Holdings PLC
01 July 2020
For immediate release 1 July 2020
VR Education Holdings plc
('VR Education' or the 'Group')
Memorandum of Understanding with Virtual College
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 it has
signed a memorandum of understanding ('MOU') with Virtual College
Limited ('Virtual College'), an industry-leading digital learning
solutions provider, to provide and deliver technology enhanced
learning solutions in the UK and Middle East.
Founded in 1995, Virtual College is one of the UK's leading
providers of digital training solutions. Its learning technology
team are experts in designing and developing vocational learning
solutions - including ready-to-go courses on topics such as
safeguarding, health and safety, business compliance, leadership
and management as well as developing bespoke digital and blended
training transformation programmes. To date Virtual College has
supported over 4.2 million registered online learners across both
public and private sectors.
VR Education's ENGAGE platform is a world leading education,
training and communications tool used by educators and enterprise
clients to provide remote training, distance learning, and, most
recently, as a platform to provide global virtual events.
The MOU will enable both teams, on terms to be agreed for each
project, to collaborate on digital training projects and programmes
that require a multi-media blended approach using some of the
latest VR / digital learning technologies and tools. The MOU
presents significant commercial opportunities for Virtual College
and VR Education, some of which have already been identified in
sectors such as healthcare, infrastructure, defence and security.
The technology-enhanced learning solutions created under the MOU
will be available to customers across the UK, the United Arab
Emirates, Saudi Arabia, Kuwait and Qatar.
Commenting on the MOU, David Whelan, CEO of VR Education,
said:
"Virtual College shares our passion for giving businesses and
individuals effective learning solutions. We are delighted to have
formed this exciting partnership to enable customers to benefit
from a combination of our immersive ENGAGE platform alongside the
award-winning content provided by Virtual College and I look
forward to updating shareholders on our progress in due
course."
Rod Knox, CEO of Virtual College, added:
"We have always focused on using new technology to enhance the
traditional approach to training, and our work with VR Education to
deliver training using virtual reality, really helps accelerate
that theme.
I am tremendously excited at the prospects for our combined
proposition and look forward to progressing our relationship in the
years ahead."
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
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 .
This information is provided by RNS, the news service of the
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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
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