VR Education Holdings PLC ENGAGE released on Apple App store (1364I)

TIDMVRE

RNS Number : 1364I

VR Education Holdings PLC

10 December 2020

 
   10 December 2020 
 

VR Education Holdings plc

('VR Education' or the 'Group')

ENGAGE released on Apple App store

VR Education Holdings plc (AIM: VRE; Euronext Growth: 6VR), a leading virtual reality ('VR') technology company in the education, communication and virtual events space, is pleased to announce the release of the iOS version of the Group's ENGAGE platform, which is now available to download on iPhones, iPads and all Apple products via the Apple App store.

ENGAGE is a next generation communications platform, which provides meetings, events, training and remote learning solutions within virtual reality. The Group's enterprise clients use different aspect of ENGAGE to provide remote services to staff and clients and include organisations such as Facebook, XPrize Organization, HTC, Fidelity, European Commission, SNCF, Yahoo and HTC.

Following the launch of ENGAGE Mobile in July 2020, which made the platform available to download on Android based phones and tablets, the iOS release represents a major milestone for the Group in that ENGAGE can now be used on most of the major computing devices found in homes, schools and businesses around the world.

David Whelan, CEO of VR Education, said : "I am pleased to announce the release of the iOS version of ENGAGE today as we look towards an exciting 2021. This year has seen many milestones for the Group, which today delivered on the promise of ENGAGE running on Apple products. This means we have now built and deployed versions of the platform for use on most mobile phones and tablets.

"Further ENGAGE progress this year saw the Group deliver a key commercial partnership with HTC, which also became a significant shareholder. Through this partnership, ENGAGE has been tailored and deployed on the Chinese mainland with HTC leading sales and development in that region. We have had strong demand in the US and Asia with more than 50 deals signed this year, and today's announcement removes the last technical barriers to our business developers when talking to clients 9who might not have access to VR equipment.

"While 2020 has been about developing the ENGAGE platform and proving our business model, the focus for 2021 is on scaling our business and we look forward to working hand in hand with our key partners to achieve our goals."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

- Ends -

For further information, please contact:

 
 VR Education Holdings plc                              Tel: [phone] 
  David Whelan, CEO                           [e-mail] 
  Sandra Whelan, COO 
 
   Cairn Financial Advisers LLP (Nominated               Tel: [phone] 
   Adviser)                                                              0880 
   James Caithie / Liam Murray / Ludovico 
   Lazzaretti 
 
   Shard Capital Partners LLP (Joint                     Tel: [phone] 
   Broker)                                                               9952 
   Damon Heath / Erik Woolgar 
 
   Davy (Joint Broker & Euronext Growth                  Tel: [phone] 
   Advisor) 
   Fergal Meegan / Ronan Veale / Barry 
   Murphy 
 
   Buchanan (Financial PR)                           Tel: [phone] 
   Henry Harrison-Topham / Chris Lane                     [e-mail] 
   / Tilly Abraham 
 

The Directors of the Company take responsibility for this announcement.

Notes to Editors

VR Education is (AIM: VRE; Euronext Growth: 6VR) is a leading virtual reality ('VR') technology company focused on becoming the world's largest crossed reality ('XR') communications, training and virtual events platform provider. The Irish based Group's core focus is the commercialisation of its online virtual communications platform called ENGAGE, which provides a platform for creating, sharing and delivering proprietary and third-party XR content in education, training and online events.

On 12 March 2018, VR Education listed on the AIM market of the London Stock Exchange and on the Enterprise Securities Market, a market regulated by Euronext Dublin. For further information, please visit www.vreducationholdings.com .

Forward-Looking Statements

Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Group's current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Group's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.

The Group cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Group only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Group will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.

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December 10, 2020 02:00 ET (07:00 GMT)