Engage XR Holdings PLC ENGAGE XR to collaborate with Lenovo (9048A)
September 28 2022 - 5:00AM
UK Regulatory
TIDMEXR
RNS Number : 9048A
Engage XR Holdings PLC
28 September 2022
28 September 2022
ENGAGE XR Holdings Plc
("ENGAGE XR" or the "Group")
ENGAGE XR to collaborate with Lenovo
Lenovo confirmed as ENGAGE Link launch partner
Global Technology Company, Lenovo(TM) has announced the launch
of a new all-in-one virtual reality (VR) headset engineered for
enterprise customers called The Lenovo ThinkReality VRX. As part of
the launch, Lenovo also confirmed it is collaborating with ENGAGE
XR to help build its own Lenovo Metaverse space utilizing the
ENGAGE platform.
ENGAGE XR will help build and offer a Lenovo presence within the
Metaverse using ENGAGE Link. ENGAGE Link is ENGAGE's
enterprise-focused metaverse set to launch later this year. Lenovo
is one of the five confirmed launch partners for ENGAGE Link. The
others announced so far include HTC and The Virtual Human
Interaction Lab at Stanford University. The Group has also
announced a multi-national professional services firm and a leading
publisher and education company as launch partners and would expect
to provide further details closer to the release date of ENGAGE
Link.
The Lenovo space within ENGAGE Link will be an 'always on'
virtual home for Lenovo to showcase its products and solutions as
well as being a location to meet and collaborate with partners and
customers directly.
The ENGAGE Link platform will allow clients to have publicly
accessible, always-on, persistent locations to advertise their
business and services directly to the general public and to
potential clients. Clients can build their own unique Metaverse
services for private company use or make them available to the
wider world on ENGAGE Link, or via their own website, using our
deep links system. This enables ENGAGE customers the ability to
build new business models and revenue streams.
The Lenovo ThinkReality VRX is built to be the VR solution for
workers everywhere. From improving efficiency in employee training
and virtual collaboration to expanding design and engineering tasks
in 3D, XR technologies are becoming ever more important for
businesses especially in enabling hybrid workers to do more. The
headsets will be available in select markets worldwide starting in
early 2023. The price for the enterprise VR solution will be
disclosed upon availability.
David Whelan, CEO, ENGAGE XR said: "The launch of The Lenovo
ThinkReality VRX shows the growing anticipation that more and more
work will be done in the Metaverse. While other technology
companies have focused on the social and entertainment
opportunities, Lenovo has identified the huge benefits for
enterprises utilizing the metaverse to engage with employees,
customers and suppliers around the world. We are delighted that
they have chosen ENGAGE to build their presence within the
Metaverse."
Vishal Shah, GM of XR and Metaverse, Lenovo, said: "We
engineered the Lenovo ThinkReality VRX to be the VR solution of
choice for training and collaborating in immersive 3D.
Collaborating with ENGAGE demonstrates the power of these use cases
and the ability of ThinkReality to help customers scale into
Enterprise Metaverse."
This announcement contains inside information for the purposes
of the UK Market Abuse Regulation and the Directors of the Company
are responsible for the release of this announcement.
For further information, please contact:
ENGAGE XR Holdings Plc Tel: +353 87 665
David Whelan, CEO 6708
Séamus Larrissey, CFO info@engagexr.co
Sandra Whelan, COO
finnCap Ltd (Nominated Adviser & Tel: +44 (0) 20
Joint Broker) 7220 0500
Marc Milmo/ Seamus Fricker/James
Balicki (Corporate Finance)
Sunila de Silva (ECM)
Shard Capital Partners LLP (Joint Tel: +44 (0) 20
Broker) 7186 9952
Damon Heath / Erik Woolgar
Davy (Joint Broker & Euronext Growth Tel: +353 1 679
Listing Sponsor) 6363
Barry Murphy / Lauren O'Sullivan
/ Oisin Morgan
SEC Newgate (Financial Communications) Tel: +44 (0)7540
Robin Tozer / Isabelle Smurfit 106 366
engage@secnewgate.co.uk
About ENGAGE XR
ENGAGE XR Holdings plc (AIM: EXR; Euronext Growth: EXR) is a
virtual reality ('VR') technology company focused on becoming a
leading global provider of virtual communications solutions through
its proprietary software platform, ENGAGE. ENGAGE provides users
with a platform for creating, sharing, and delivering VR content
for education, training, and online events through its three
solutions: Virtual Campus, Virtual Office, and Virtual Events.
ENGAGE is currently developing a new fully featured corporate
metaverse, ENGAGE Link, with the launch expected in the final
quarter of 2022.
EXR is listed on AIM in London and on the Euronext Growth Market
in Dublin, a market operated by Euronext Dublin.
For further information, please visit: www.engagexrholdings.com
(LinkedIn: @Engage XR Holdings plc Twitter: @engage_xr)
About Lenovo
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$70 billion revenue
global technology powerhouse, ranked #171 in the Fortune Global
500, employing 75,000 people around the world, and serving millions
of customers every day in 180 markets. Focused on a bold vision to
deliver smarter technology for all, Lenovo has built on its success
as the world's largest PC company by further expanding into key
growth areas including server, storage, mobile, solutions and
services. This transformation together with Lenovo's world-changing
innovation is building a more inclusive, trustworthy, and
sustainable digital society for everyone, everywhere. To find out
more visit https://www.lenovo.com ,and read about the latest news
via our StoryHub .
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