TIDMPIRI
Pires Investments PLC
27 June 2022
27 June 2022
Pires Investments plc
("Pires" or the "Company")
Investment Portfolio Update
Pires Investments plc (AIM: PIRI), the investment company
focused on next generation technology, is pleased to provide an
update on developments relating to companies within its investment
portfolio that Pires is invested in directly and indirectly,
through its investment in Sure Valley Ventures ("SVV").
Admix
Admix, the leading In-Play monetisation company that bridges the
gap between gaming content and brands, has announced that it is
merging with LandVault Inc ("LandVault") ( https://landvault.io/ ),
a builder of virtual experiences in metaverse worlds aimed at
attracting people into blockchain and metaverse ecosystems, in
order to enter into Web3.
By merging with LandVault, Admix aims to become a go-to service
provider for major intellectual property holders and brands,
enabling large companies across all industries to enter the
metaverse and be monetised with its in-game advertising technology.
The combined company, which will be known as LandVault, will be
able to access the US$25 million in growth capital from Admix's
Series B round in October 2021. Samuel Huber, Founder and Chief
Executive Officer of Admix, will remain as Chief Executive Officer
of the combined business.
Further details can be found at the following link:
https://venturebeat.com/2022/06/20/admix-merges-with-landvault-to-move-into-making-metaverse-experiences/
Pires is invested in Admix through its investment in SVV.
Low6 Limited ("Low6")
Low6, the company that has developed a next-generation sports
betting platform, has announced it is offering its free-to-play
gamification technology to the sports, sports betting and gaming
industries as a full turnkey business-to-business ("B2B") solution.
European operators TOTO and Jacks are already onboarded to the Low6
platform, with major operators in both North American and Asia
Pacific markets to be revealed later this year. The free-to-play
platform powers a range of products for partners, which include the
PGA TOUR and UFC, to engage with sports fans, then acquire and
retain those fans as customers.
Further details can be found at the following link:
https://www.low6.com/award-winning-sports-gaming-technologists-low6-announce-launch-of-new-b2b-white-label-gamification-platform/
ENGAGE XR Holdings Plc ("ENGAGE XR")
ENGAGE XR (AIM: EXR), the virtual reality ("VR") communications
technology company, has reported positive progress in the
development of its enterprise-focused Metaverse platform offering
and the further growth of its proprietary software platform,
ENGAGE.
Ahead of the launch of 'Engage Link', its Metaverse offering for
enterprises, expected in Q4 2022, ENGAGE XR has announced that HTC
and The Virtual Human Interaction Lab at Stanford University are
confirmed as launch partners. These world-leading organisations
will use ENGAGE's Metaverse platform to build and design its own
MetaWorlds, enabling them to interact with stakeholders, host
business dealings and virtual events within the ENGAGE XR
ecosystem.
The company also announced that it had secured a significant
customer renewal with South Korean company, D'Carrick Co Ltd, which
has signed a new contract worth EUR300,000 over three years. This
extends a successful three-year relationship, initially worth
EUR70,000 per annum. Other ENGAGE customers include Kia, which is
hosting a virtual car launch event in its own MetaWorld this
Summer, Uniper, an energy corporation with a EUR6.7bn market cap,
and Natixis, a French corporate and investment bank.
Further details can be found at the following link:
https://www.investegate.co.uk/engage-xr-holdings--exr-/rns/engage---metaverse-update/202206230700058685P/
Pires is invested in ENGAGE XR through its investment in Sure
Valley Ventures ("SVV").
Nicholas Lee, Director of Pires, commented:
"We are delighted to note recent progress and positive momentum
across the Pires investment portfolio.
"Admix combining with LandVault presents an excellent
opportunity for the company to enter into Web3 and provide a go-to
offering for major brands looking to capitalise on the
metaverse.
"We are also pleased to note the launch of Low6's new B2B
white-label gamification platform which enables the business to
further increase the reach of its iGaming products to some of the
largest names in sports, gaming, media and mobile technology.
"Lastly, ENGAGE XR's announcement demonstrates the continued
developments at an exciting time for the business. Naming
world-leading organisations, such as HTC and The Virtual Human
Interaction Lab at Stanford University, as partners ahead of the
launch of ENGAGE Link later this year highlights the disruptive
potential that the company's products offer to customers."
The Directors of the Company are responsible for the release of
this announcement.
Enquiries:
Pires Investments plc Tel: +44 (0) 20 3368 8961
Nicholas Lee, Director
Joint Broker Tel: +44 (0) 20 7469 0935
Peterhouse Capital Limited Tel: +44 (0) 20 7469 0936
Duncan Vasey/Lucy Williams
Joint Broker Tel: +44 (0) 20 3167 7221
Tennyson Securities
Peter Krens
Financial media and PR Tel: +44 (0) 20 3004 9512
Yellow Jersey
Sarah Hollins
Henry Wilkinson
Annabelle Wills
Notes to Editors
About Pires Investments plc
Pires Investments plc (AIM: PIRI) is an investment company
providing investors with access to a portfolio of next generation
technology businesses with significant growth potential.
The Company is building an investment portfolio of high-tech
businesses across areas such as Artificial Intelligence, Internet
of Things, Cyber Security, Machine Learning, Immersive Technologies
and Big Data, which the Board believes demonstrate evidence of
traction and the potential for exponential growth, due to
increasing global demand for development in these sectors.
For further information, visit:
https://piresinvestments.com/
About Admix
Admix is the pioneer of In-Play, the infrastructure to monetise
gaming and the metaverse. Its technology allows developers to add
non-intrusive product placements within their games, creating a
better experience for players, developers, and advertisers. Founded
in 2018 by Samuel Huber and Joe Bachle-Morris, Admix already works
with over 300 gaming and virtual-world experiences.
For further information, visit: https://admixplay.com/
About Low6
Low6 is a leader in sports gaming technology that powers
franchises with their own branded gaming experiences to engage and
monetize their digital fanbases. For the fans, by the fans - Low6
inspires innovative and creative solutions that redefines future
sports mobile gamification.
For further information, visit: https://www.low6.com
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, called ENGAGE Link with the launch expected in the
second half of 2022.
For further information, visit: www.engagexrholdings.com
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