Engage XR Holdings PLC New Senior Appointments to help drive US Growth
28 Marzo 2022 - 12:01AM
RNS Non-Regulatory
TIDMEXR
Engage XR Holdings PLC
28 March 2022
RNS REACH
28 March 2022
ENGAGE XR Holdings Plc
("ENGAGE XR" or the "Group")
New Senior Appointments to help drive US Growth
ENGAGE XR Holdings Plc, a virtual reality ('VR') technology
company , is pleased to announce that its new hires - Richard Allin
and Kyle Horner - have officially joined the Group as it builds its
US presence in preparation for the launch of its enterprise-focused
Metaverse offering. The US is expected to be a major market for the
new offering that remains on track to be launched in the second
half of 2022 and codenamed 'ENGAGE Oasis'. A ccording to Statista,
the XR Metaverse market in America is currently valued at US$38.85
billion and, estimated to grow to over US$678 billion by 2030.
As part of the Group's plans, Richard Allin has been appointed
as Chief Revenue Officer (CRO), to capitalise on the exponential
growth opportunity the Group sees for 'ENGAGE Oasis'. Richard will
have a sizable budget to build the Group's sales, lead generation
and client onboarding teams, with the primary focus, on the US.
Richard has more than 25 years of experience in sales, business
development and relationship management within the US technology
sector. Richard previously worked as CRO for the Americas at
Assentis, the leading software company specialising in Customer
Experience and Digital Transformation solutions.
Furthermore, Engage XR has hired a US-based Director of
Marketing, Kyle Horner. Kyle will help deliver the Group's
international growth plans and help target enterprise clients in
the US. Kyle has over 10 years of experience in digital marketing
and advertising, with specific expertise in the video games
software industry. As previously announced, to support the Group's
sales efforts in the US, 5W Public Relations ("5WPR"), one of the
larger US PR companies, has been engaged. With guidance from
Non-Executive Director, Kenny Jacobs (former Chief Marketing
Officer of Ryanair), and Kyle, 5WPR will be tasked with ensuring
ENGAGE becomes a widely recognised brand name in the US before the
year-end.
The appointments of Richard and Kyle add to the Group's growing
presence in the US. In the last twelve months, ENGAGE XR has worked
with a number of major US clients, including a contract with 3M to
use the ENGAGE platform to build its own MetaWorld "3M Home".
David Whelan, CEO, said : "ENGAGE XR has grown and scaled over
the last two years, as demand and interest in ENGAGE has increased,
and we have recently reached the milestone of 100 employees. We
expect 2022 to far eclipse the achievements of previous years with
the US set to be at the heart of our continued growth. Therefore,
we are excited to welcome Richard and Kyle to the team as we build
our US presence and look to deliver against our near term objective
to make ENGAGE a major brand. With our planned Metaverse set to
launch later this year, we believe ENGAGE is well-positioned as the
enterprise solution of choice for companies in a variety of
industries seeking to enter the Metaverse to host meetings, events,
product launches, and conduct training content. It provides a
business orientated alternative to other Metaverse offers in the
market whose aim is more entertainment and consumer focused. We
look forward to Richard and Kyle playing a major role in our
development."
For further information, please contact:
ENGAGE XR Holdings Plc Tel: +353 87 665
David Whelan, CEO 6708
Séamus Larrissey, CFO info@engagexr.co
Sandra Whelan, COO
finnCap Ltd (Nominated Adviser & Joint Broker) Tel: +44 (0) 20 7220
Marc Milmo / Seamus Fricker / James Balicki 0500
(Corporate Finance)
Sunila de Silva (ECM)
Shard Capital Partners LLP (Joint Broker) Tel: +44 (0) 20 7186
Damon Heath / Erik Woolgar 9952
Davy (Joint Broker & Euronext Growth Advisor) Tel: +353 1 679 6363
Barry Murphy / Lauren O'Sullivan / Oisin Morgan
SEC Newgate (Financial PR) Tel: +44 (0)7540
Robin Tozer / Isabelle Smurfit 106 366
engage@secnewgate.co.uk
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)
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