Pires Investments PLC Update re portfolio companies
01 Luglio 2020 - 3:36PM
RNS Non-Regulatory
TIDMPIRI
Pires Investments PLC
01 July 2020
1 July 2020
Pires Investments plc
("Pires" or the "Company")
Update re portfolio companies
Pires Investments plc (AIM: PIRI), the investment company
focused on next generation technology, is pleased to note the
announcements made today by two of the businesses that sit within
the Sure Valley Ventures ("SVV") portfolio in which Pires has an
investment.
VR Education
VR Education Holdings plc ("VR Education") has today announced 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.
VR Education is a leading virtual reality technology company
listed on AIM under the ticker "VRE".
The MOU will enable both parties, 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.
Wia
Wia Technologies Limited ("Wia"), the Internet of Things company
offering end-to-end services for a range of smart building
solutions, has today announced that it has released the next
iteration of the Wia Cloud, an Internet of Things platform designed
to enable Real Estate, Operations and Facilities Management teams
to understand the performance of their building and make data-based
decisions.
This new update brings in a host of new tools and features,
namely around three use cases;
-- Occupancy and Space Utilisation
-- Energy Utilisation
-- Regulation Compliance
The new suite of tools released by Wia forms an ideal solution
for businesses now facing the difficult task of trying to allow
their employees to return to the workplace following lockdowns
caused by the COVID-19 pandemic.
Pires has a 13% interest in SVV, a venture capital fund focused
on investing in the software technology sector with a specific
focus on artificial intelligence, the internet of things and
augmented and virtual reality.
Peter Redmond, Chairman of Pires commented:
"We are delighted by the continued progress made by the
companies that sit within the SVV portfolio. Our strategic focus
towards next generation technology appears to be have been
successful to date and we believe the investments we have made are
well positioned against the background of COVID-19. We look forward
to updating the market with progress to this regard in due
course."
- Ends -
Enquiries:
Pires Investments plc
Peter Redmond, Chairman Tel: +44 (0) 20 3368 8961
Nicholas Lee, Director
Broker
Peterhouse Capital Limited Tel: +44 (0) 20 7469 0935
Duncan Vasey/Lucy Williams Tel: +44 (0) 20 7469 0936
Financial media and PR
Yellow Jersey Tel: +44 (0) 20 3004 9512
Sarah Hollins
Henry Wilkinson
Annabel Atkins
Notes to Editors
About Pires Investments plc
Pires Investments plc (AIM: PIRI) is an investment company
providing investors with access to a portfolio of next generation
technology businesses with significant growth potential.
The Company is building an investment portfolio of high-tech
businesses across areas such as Artificial Intelligence ("AI"),
Internet of Things ("IoT"), Cyber Security, Machine Learning,
Augmented Reality and Virtual Reality ("AR/VR") and Big Data, which
the Board believes demonstrate evidence of traction and the
potential for exponential growth, due to increasing global demand
for development in these sectors.
For further information, visit: https://piresinvestments.com/
.
About VR Education
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 company'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 company has also built two downloadable showcase VR
experiences, being the award-winning Apollo 11 VR experience and
the Titanic VR experience.
Further details about VR Education can be found at
www.vreducationholdings.com .
About Wia
Wia is an Internet of Things company based in Dublin. Wia
enables building operators to get a holistic understanding of their
space by using IoT. Founded by Conall Laverty in 2016, the company
won the NDRC Investor Day prize and has subsequently secured
investment from the Enterprise Ireland High Potential Startup Fund
and Sure Valley Ventures.
Further details about Wia can be found at https://www.wia.io/
.
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END
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