TIDMVRE

RNS Number : 1643K

VR Education Holdings PLC

09 April 2018

VR Education Holdings plc / AIM: VRE; ESM: 6VR/ Sector: Technology

9 April 2018

VR Education Holdings plc ('VR Education' or the 'Group')

Appointment of an Advisor

VR Education Holdings plc, a leading virtual reality ('VR') technology company focused on the education space, is pleased to announce the appointment of Loren Carpenter as an advisor to the Company.

Mr Carpenter, who is one of the founders of Pixar Animation Studios, has decades of experience and has influenced the movie industry through the invention of cinema-quality digital image synthetises for animation and visual effects. Examples of this include the co-invention of the Reyes rendering algorithm which is used in 3D computer graphics to render photo-realistic images, and as one of the authors of the PhotoRealistic RenderMan, a software used to render all of Pixar's movies.

Mr Carpenter has been the recipient of numerous rewards, including the Academy Award for his significant achievements in the field of motion picture rendering.

The Directors believe that Mr Carpenters experience and expertise will prove to be extremely valuable to the Company.

Mr Loren Carpenter said: "I've been thoroughly impressed with the meticulous approach VR Education has taken in all of their projects. It's refreshing to see such attention to detail and I admire how much the company has achieved from its inception, just three years ago."

David Whelan, CEO of VR Education, said: "We are incredibly pleased to have Loren - a luminary of the industry on board. Having grown Pixar from a small company to a multi-billion-dollar business by the time it was acquired by Disney, his advice will be invaluable to VR Education when we take our next steps. As always, our mission remains to provide world class educational platform and experiences to people across the globe and we're thrilled that now we have Loren to assist us."

** ENDS **

 
 Sandra Whelan           VR Education         T: +353 (0)87 665 
  Chief Operating         Holdings plc         6708 
  Officer                                      E: contact@vreducationholdings.com 
----------------------  -------------------  ------------------------------------ 
 Damon Heath             Shard Capital        T: +44 (0)20 7186 
  / Erik Woolgar          Partners LLP         9952 
                          Joint Broker         E: damon.Heath@shardcapital.com 
                                               E: erik.woolgar@shardcapital.com 
----------------------  -------------------  ------------------------------------ 
 James Caithie/Liam      Cairn Financial      T: +44 (0) 7213 0880 
  Murray/Richard          Advisers LLP 
  Nash                    Nominated Adviser 
----------------------  -------------------  ------------------------------------ 
 Fergal Meegan/Ronan     Davy                 T: +353 1 679 7788 
  Veale/Barry             Joint Broker         E: fergal.meegan@davy.ie 
  Murphy                  & ESM Adviser        E: ronan.veale@davy.ie 
                                               E: barry.murphy2@davy.ie 
----------------------  -------------------  ------------------------------------ 
 Isabel de Salis         St Brides Partners   T: +44 (0)20 7236 
  / Priit Piip            Ltd                  1177 
                          UK Financial         E: isabel@stbridespartners.co.uk 
                          PR                   E: priit@stbridespartners.co.uk 
----------------------  -------------------  ------------------------------------ 
 Peter O'Brien           Wilson Hartnell      T: +353 1 669 0030 
  Frans Van Cauwelaert    Irish Corporate      E: peter.o'brien@ogilvy.com 
                          PR                   E: frans.vancauwelaert@ogilvy.com 
----------------------  -------------------  ------------------------------------

FURTHER INFORMATION

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 an early access version of the Group's Titanic VR experience.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 09, 2018 03:25 ET (07:25 GMT)

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