TIDMVRE
RNS Number : 1364I
VR Education Holdings PLC
10 December 2020
10 December 2020
VR Education Holdings plc
('VR Education' or the 'Group')
ENGAGE released on Apple App store
VR Education Holdings plc (AIM: VRE; Euronext Growth: 6VR), a
leading virtual reality ('VR') technology company in the education,
communication and virtual events space, is pleased to announce the
release of the iOS version of the Group's ENGAGE platform, which is
now available to download on iPhones, iPads and all Apple products
via the Apple App store.
ENGAGE is a next generation communications platform, which
provides meetings, events, training and remote learning solutions
within virtual reality. The Group's enterprise clients use
different aspect of ENGAGE to provide remote services to staff and
clients and include organisations such as Facebook, XPrize
Organization, HTC, Fidelity, European Commission, SNCF, Yahoo and
HTC.
Following the launch of ENGAGE Mobile in July 2020, which made
the platform available to download on Android based phones and
tablets, the iOS release represents a major milestone for the Group
in that ENGAGE can now be used on most of the major computing
devices found in homes, schools and businesses around the
world.
David Whelan, CEO of VR Education, said : "I am pleased to
announce the release of the iOS version of ENGAGE today as we look
towards an exciting 2021. This year has seen many milestones for
the Group, which today delivered on the promise of ENGAGE running
on Apple products. This means we have now built and deployed
versions of the platform for use on most mobile phones and
tablets.
"Further ENGAGE progress this year saw the Group deliver a key
commercial partnership with HTC, which also became a significant
shareholder. Through this partnership, ENGAGE has been tailored and
deployed on the Chinese mainland with HTC leading sales and
development in that region. We have had strong demand in the US and
Asia with more than 50 deals signed this year, and today's
announcement removes the last technical barriers to our business
developers when talking to clients 9who might not have access to VR
equipment.
"While 2020 has been about developing the ENGAGE platform and
proving our business model, the focus for 2021 is on scaling our
business and we look forward to working hand in hand with our key
partners to achieve our goals."
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
The Directors of the Company take responsibility for this
announcement.
Notes to Editors
VR Education is (AIM: VRE; Euronext Growth: 6VR) is a leading
virtual reality ('VR') technology company focused on becoming the
world's largest crossed reality ('XR') communications, training and
virtual events platform provider. The Irish based Group's core
focus is the commercialisation of its online virtual communications
platform called ENGAGE, which provides a platform for creating,
sharing and delivering proprietary and third-party XR content in
education, training and online events.
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 Group'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 Group'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 Group cautions security holders and prospective security
holders not to place undue reliance on these forward-looking
statements, which reflect the view of the Group 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 Group 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.
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