Engage XR Holdings PLC ENGAGE Update & Investor Presentation (1475S)
12 November 2021 - 6:00PM
UK Regulatory
TIDMEXR
RNS Number : 1475S
Engage XR Holdings PLC
12 November 2021
12 November 2021
ENGAGE XR Holdings plc.
("ENGAGE XR" or the "Group")
ENGAGE Update & Investor Presentation
ENGAGE XR Holdings plc, a virtual reality ('VR') technology
company, is pleased to update on the progress of its proprietary
software platform ENGAGE, and an upcoming presentation to
investors.
ENGAGE Update
The Group has signed an initial six-figure dollar contract to
August 2023 with Optima Domi LLC ("Optima Domi"), an innovative
classical curriculum development company, to service the first
VR-based Florida charter school. Optima Classical Academy will
start in the fall semester of 2022 with 1,350 to 1,500 third grade
through to eighth-grade instructors and scholars attending classes
virtually using the ENGAGE platform. Students will experience their
school day and all subject area lessons inside the platform with
specific immersive lessons built by Optima Domi, who will also
manage the platform for the academy. It is planned that in the
2023/2024 school year, it will be extended to the eleventh grade
and in the following school year, from kindergarten through to
twelfth grade.
In addition, the multi-national science-based technology
company, 3M, has used the ENGAGE platform to build its own
MetaWorld "3M Home". 3M Home is an exploratory VR pilot project
with ENGAGE XR and a global cross-functional 3M team; the contract
with 3M was announced on 28 July 2021 by the Group as part of a
wider trading update. The project focuses on transforming the
customer experience allowing them to interact, engage and
collaborate with 3M materials and technologies in real-time from
anywhere in the world. 3M Home expands the ability to connect with
customers in an immersive virtual experience and helps demonstrate
what is possible with 3M. (3M Home can be viewed here )
Investor Presentation
ENGAGE XR is pleased to announce that the Group will be
attending MelloMonday on Monday 22 November 2021. David Whelan, CEO
& Seamus Larrissey, CFO, will be presenting and taking
questions from participants. If you would like to attend, you can
register here for the event using code SHVIP for 75% off
tickets.
David Whelan CEO, ENGAGE XR said: "For ENGAGE to be chosen to
enable the world's first online VR Charter school is very exciting.
ENGAGE is being utilised more and more in education and enterprise
settings. Companies and organisations are also beginning to look at
the role the MetaVerse can play in engagement. The development of
3M Home using ENGAGE is a great example. Facebook's recent
announcement about its plans in this space has helped shine a light
on what we have been building over the past five years, increasing
interest in the services we provide. ENGAGE is the most
customisable platform of its kind on the market today, and allows
users to create unique events, deliver corporate training and
develop content in one simple package.
"With security and reputation key to the success of any online
business, the recent announcement of ENGAGE XR being awarded
ISO27001 Certification, and our world class security measures put
us ahead of the competition in many areas.
"We believe the next 12 months are going to be exciting. As some
of the world's biggest brands begin to move into this space, market
recognition of VR and the Metaverse is increasing. We are enabling
our customers to build their own unique MetaWorlds just as they
built their own unique websites 20 years ago. The Metaverse will be
a collection of interconnected virtual worlds and ENGAGE XR can
play a key role in enabling it."
F or 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
Cairn Financial Advisers LLP (Nominated Tel: +44 (0) 20 7213 0880
Adviser)
James Caithie / Liam Murray / Ludovico
Lazzaretti
Shard Capital Partners LLP (Joint Tel: +44 (0) 20 7186 9952
Broker)
Damon Heath / Erik Woolgar
Davy (Joint Broker & Euronext Growth Tel: +353 1 679 6363
Advisor)
Barry Murphy / Lauren O'Sullivan /
Oisin Morgan
SEC Newgate (Financial PR) Tel: +44 (0)7540 106 366
Elisabeth Cowell / Robin Tozer / Isabelle engage@secnewgate.co.uk
Smurfit
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 codenamed "ENGAGE Oasis" with the launch expected in the
first half of 2022.
EXR is listed on AIM in London and on the Enterprise Securities
Market, a market regulated by Euronext Dublin. For further
information, please visit: www.engagexrholdings.com (LinkedIn:
@Engage XR Holdings plc Twitter: @engage_xr)
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCDFLFFFFLBFBZ
(END) Dow Jones Newswires
November 12, 2021 02:00 ET (07:00 GMT)
Engage Xr (LSE:EXR)
Historical Stock Chart
From Apr 2024 to May 2024
Engage Xr (LSE:EXR)
Historical Stock Chart
From May 2023 to May 2024