Engage XR Holdings PLC Launch of Lenovo's new VR headset
June 01 2023 - 1:00AM
RNS Non-Regulatory
TIDMEXR
Engage XR Holdings PLC
01 June 2023
Reach
1 June 2023
ENGAGE XR Holdings Plc
("ENGAGE XR" or the "Group")
Launch of Lenovo's new VR headset
ENGAGE XR Holdings Plc (AIM: EXR), a leading metaverse
technology company, is pleased to announce that, further to the
announcement made on 28 September 2022, Lenovo(TM)'s new
ThinkReality(TM) VRX all-in-one virtual reality (VR) headset
engineered for enterprise customers, ENGAGE XR's target market,
will be available for purchase in select markets worldwide,
commencing June 2023.
Lenovo is one of the world's largest computer manufacturing and
smartphone companies, and the ENGAGE proprietary software platform
will be available on the new headset.
As previously announced, the partnership agreement with Lenovo
covers the resale and distribution of end-user licenses by Lenovo
of the ENGAGE software on the new Lenovo headsets. Over the last
few months, the Group has trained and worked with Lenovo's sales
team. The launch of the headsets opens a new route to market for
ENGAGE and its software as the Lenovo global sales team actively
look to sell the Group's technology and metaverse production
capabilities directly to their enterprise clients.
David Whelan, CEO, ENGAGE XR said: "We are confident that having
secured Lenovo as a channel partner in September 2022, the launch
of the new headset will enable us to grow our international reach
and customer base. As the headset becomes available in selected
markets, we anticipate seeing further revenue growth during the
second half of 2023. Lenovo has a large global market share in
enterprise and education, which is ENGAGE's target market, and it
should be a fruitful partnership for both parties. We continue to
believe this partnership will help establish ENGAGE as the business
platform of choice for these organisations."
Further details about the headset can be found here:
https://news.lenovo.com/pressroom/press-releases/thinkreality-vrx-now-available-select-markets-worldwide/
For further information, please contact:
ENGAGE XR Holdings Plc Tel: +353 87 665 6708
David Whelan, CEO info@engagexr.co
Séamus Larrissey, CFO
Sandra Whelan, COO
finnCap Ltd (Nominated Adviser & Joint Tel: +44 (0) 20 7220
Broker) 0500
Marc Milmo/ Seamus Fricker (Corporate Finance)
Sunila de Silva (ECM)
Shard Capital Partners LLP (Joint Broker) Tel: +44 (0) 20 7186
Damon Heath / Erik Woolgar 9952
SEC Newgate (Financial Communications) Tel: +44 (0)7540 106
Robin Tozer / Naz Zandi 366
engage@secnewgate.co.uk
About ENGAGE XR
ENGAGE XR Holdings plc (AIM: EXR) is metaverse technology
company focused on becoming a leading global provider of virtual
communications solutions through its new fully featured corporate
metaverse, ENGAGE Link. A demonstration of ENGAGE Link is here
The Company also has a 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.
For further information, please visit: www.engagexrholdings.com
(LinkedIn: @Engage XR Holdings plc Twitter: @engage_xr)
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