Sure Ventures PLC VividQ update (2341Z)

TIDMSURE

RNS Number : 2341Z

Sure Ventures PLC

17 September 2020

Sure Ventures plc

("Sure Ventures" or the "Company")

VividQ collaborates with Arm to power holographic display on mobile

Sure Ventures, a London listed venture capital fund which invests in early stage software companies in the rapidly growing technology areas of Augmented Reality ("AR"), Virtual Reality ("VR") Internet of Things ("IoT") and Artificial Intelligence ("AI"), is pleased to provide an update on its investment in VividQ, a deep technology software company focused on 3D holography; an investment Sure Ventures holds directly, and also indirectly as part of the investment portfolio of Sure Valley Ventures Fund ("SVV").

On 15 September 2020, VividQ announced a collaboration with Arm, a world leading technology provider of silicon IP, to further enable the integration of holographic display into AR wearables and to make VividQ's software compatible with mobile devices with Arm Mali Graphics Processing Units ("GPUs").

Holographic display will enable realistic depth perception; considered to be one of the major opportunities for advancement in consumer AR. The natural depth of field in AR can be achieved with Computer-Generated Holography ("CGH") powered by VividQ software, which is the method of creating holograms digitally. Each hologram is encoded with all the necessary information required to display a three-dimensional scene, with depth, to the viewer.

Sure Ventures has made a EUR7m commitment to SVV, representing an interest of 25.9% across the SVV investment portfolio and SVV also made a direct investment of GBP500,000 in VividQ, announced to the market in April 2019.

Gareth Burchell, director of Sure Ventures commented:

"This is excellent news for VividQ, Sure Valley Ventures and Sure Ventures shareholders. Our direct investment of GBP500k and the exposure we hold through Sure Ventures makes VividQ our largest holding. ARM are at major global player and this further endorses VividQs technology and acts as excellent validation of our view of holography and is place in the future of AR technology"

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For further information, please visit www.sureventuresplc.com or contact:

 
Gareth Burchell   Sure Ventures plc   [phone] 
 
 

Notes to Editors

Sure Ventures plc listed on the London Stock Exchange in January 2018 giving retail investors access to an asset class that is usually dominated by private venture capital funds. Sure Ventures is focusing on companies in the UK, Republic of Ireland and other European countries, making seed and series A investments in companies with first rate management teams, products which benefit from market validation with target revenue run rates of at least GBP400,000 over the next 12 months. Website: https://www.sureventuresplc.com/

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September 17, 2020 02:00 ET (06:00 GMT)