EVR Holdings PLC Update to Agreement with Facebook Technologies LLC (8581N)
23 January 2019 - 6:00PM
UK Regulatory
TIDMEVRH
RNS Number : 8581N
EVR Holdings PLC
23 January 2019
23 January 2019
EVR Holdings plc
('EVR' or the 'Company')
Update to Agreement with Facebook Technologies, LLC
EVR Holdings plc (AIM: EVRH), a leading creator of virtual
reality content, is pleased to announce that its subsidiary
MelodyVR Ltd ("MelodyVR") has entered into an addendum to its
distribution agreement between MelodyVR Limited, and Facebook
Technologies, LLC f/k/a Oculus VR, LLC ("Oculus") (the
"Agreement").
As part of the Agreement, the Company will release a new version
of the MelodyVR music platform, featuring updated features and
functionality, for use on a forthcoming Oculus Device. The Company
will receive a financial contribution to offset MelodyVR's
production and development costs as part of the Agreement. The new
version of the MelodyVR platform will contain both new and existing
content, and will offer a similar look and feel to the version
currently available on Oculus Go and Samsung Gear VR, with enhanced
functionality. Following the launch, the product may also be made
available on other platforms.
Anthony Matchett, CEO of EVR Holdings, said: "As VR technology
continues to rapidly develop, we're excited to add new features and
functionality to the MelodyVR platform and for Oculus to release
new hardware, which will no-doubt lead to increased user adoption
of VR devices. We look forward to working with Oculus throughout
2019 and appreciate their partnership and support to-date."
For further information please contact:
EVR Holdings plc
Anthony Matchett, Executive Chairman & CEO Tel: +44 (0) 20
7097 5737
Andy Brown, Chief Financial Officer www.evrholdings.com
Investec Bank plc: Nominated Adviser, Financial Adviser Tel: +44
(0) 20 7597 5970
and Corporate Broker
Corporate Finance: David Anderson / Junya Iwamoto
Corporate Broking: Sara Hale / Helene Comitis
Notes to Editors:
MelodyVR is a wholly owned subsidiary of EVR Holdings plc
('EVR'), a company that is listed on the AIM market of the London
Stock Exchange under the ticker EVRH.L. EVR, a creator of virtual
reality content, joined AIM on 16 May 2016 following a reverse
takeover of Armstrong Ventures plc. Further information can be
viewed at www.evrholdings.com and www.melodyvr.com
For more information on Melody VR, please visit:
www.melodyvr.com
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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.
END
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