VR Education Holdings PLC Titanic VR PlayStation launch date confirmed (3952H)
November 15 2018 - 1:01AM
UK Regulatory
TIDMVRE
RNS Number : 3952H
VR Education Holdings PLC
15 November 2018
For immediate release 15 November 2018
VR Education Holdings plc
('VR Education' or the 'Group')
Titanic VR PlayStation launch date confirmed
VR Education (AIM: VRE; ESM: 6VR), a leading virtual reality
('VR') technology company focused on the education space, announces
that, further to the announcement of 26 October 2018, it has now
received confirmation from PlayStation that Titanic VR, a showcase
experience placing users on the Titanic on the night of the
sinking, has been approved for launch on 22 November 2018. Whilst
the Titanic VR showcase has already launched on PC, Oculus Rift,
HTC Vive and Windows Mixed Reality, it is the PlayStation platform
that is expected to generate a significant percentage of Titanic
VR's sales, as was the case with the launch of the Apollo 11 VR
showcase.
David Whelan, CEO of VR Education, said: "As previously
announced, the PlayStation onboarding process for Titanic VR took
longer than we originally expected, however, we are pleased to have
received this confirmation from them. Importantly, the release will
occur in the current financial year and will allow Titanic VR to
have exposure on this major platform over the Christmas trading
period. We will update the market in January 2019 as to the impact
that this will have had on our FY-2018 revenues."
The Group's main focus remains the development and
commercialisation of ENGAGE, its online virtual learning and
corporate training platform. The commercial release of ENGAGE with
full payment capabilities is progressing to plan and is scheduled
to occur during December 2018.
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 0880
Adviser)
James Caithie / Liam Murray / Richard
Nash
Stockdale Securities Limited (Joint Tel: +44 (0) 20 7601 6100
Broker)
Andy Crossley / Ed Thomas
Davy (Joint Broker & ESM Adviser) Tel: +353 1 679 7788
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
Fuller Marketing (Irish Corporate Tel: +353 87 981 3176
PR) ruth@fullermarketing.ie
Ruth Fuller / Sheila Kelleher
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 an early access
version of the Group's 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.
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END
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