VR Education Holdings PLC Launch of ENGAGE Mobile (7807R)
02 Luglio 2020 - 8:00AM
UK Regulatory
TIDMVRE
RNS Number : 7807R
VR Education Holdings PLC
02 July 2020
For immediate release 2 July 2020
VR Education Holdings plc
('VR Education' or the 'Group')
Launch of ENGAGE Mobile
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 the launch of
ENGAGE Mobile, an android phone and tablet supported version of the
Group's proprietary VR communications, events and training
platform. ENGAGE Mobile will be available to download from the
company's website (https://immersivevreducation.com) at 2pm UK time
today.
As notified on 16 June 2020 in the Group's final results
announcement, the ENGAGE user base grew significantly in the latter
part of 2019 due to increased access to affordable standalone
devices. As a result, the ENGAGE platform is currently being used
by educators and enterprise clients across the globe to host
classes, meetings and events, including the 2020 HTC Vive Ecosystem
Conference in March 2020. Following the success of that event, the
Group has received numerous requests for virtual events from a wide
range of corporations and event groups.
The launch of ENGAGE Mobile will enable the Group to meet this
new demand, and furthermore, significantly increases the number of
potential users given the widespread global usage of mobile phones
and tablet computers. Unlike video-based platforms, the spatial
nature of the ENGAGE experience means that users can interact
directly with each other, allowing users to have hallway
conversations at virtual events or hold large meetings more
naturally than what is currently provided via existing video
platforms.
ENGAGE Mobile supports all flagship Android devices with iOS and
iPhone versions becoming available later this year. ENGAGE Mobile
is cross platform supported with all VR devices allowing users to
connect regardless of the device they own.
Commenting on the launch of ENGAGE Mobile, David Whelan, CEO of
VR Education, said:
"I am delighted to announce that ENGAGE is now available on
mobile phones and tablets, opening up a completely new market to us
in this difficult time. Our ENGAGE platform has been a trail blazer
for some time now in the Extended Reality ("XR") space, however our
market was limited to VR devices. Now we have a tool that provides
a completely different way of communicating in a world that has
been forced online because of COVID-19. ENGAGE offers services that
simply cannot take place on video-based platforms and we are seeing
many events being held inside ENGAGE as event organisers seek
alternatives to static video presentations and educators and
corporations are also using the platform to provide classes and
meeting rooms. The Company is excited to enter this new mobile
market as we scale usage of the platform for the remainder of 2020
and beyond."
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 .
Forward-Looking Statements
Certain statements made in this announcement are forward-looking
statements. These forward-looking statements are not historical
facts but rather are based on the Company's current expectations,
estimates, and projections about its industry; its beliefs; and
assumptions. Words such as 'anticipates,' 'expects,' 'intends,'
'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions
are intended to identify forward-looking statements. These
statements are not guarantees of future performance and are subject
to known and unknown risks, uncertainties, and other factors, some
of which are beyond the Company's control, are difficult to
predict, and could cause actual results to differ materially from
those expressed or forecasted in the forward-looking
statements.
The Company cautions security holders and prospective security
holders not to place undue reliance on these forward-looking
statements, which reflect the view of the Company only as of the
date of this announcement. The forward-looking statements made in
this announcement relate only to events as of the date on which the
statements are made. The Company will not undertake any obligation
to release publicly any revisions or updates to these
forward-looking statements to reflect events, circumstances, or
unanticipated events occurring after the date of this announcement
except as required by law or by any appropriate regulatory
authority.
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
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