TIDMEXR
RNS Number : 8685P
Engage XR Holdings PLC
23 June 2022
23 June 2022
ENGAGE XR Holdings Plc
("ENGAGE XR", the "Company", or the "Group")
ENGAGE & METAVERSE UPDATE
ENGAGE XR Holdings Plc, a virtual reality ('VR') communications
technology company, is pleased to provide an update on the positive
progress being made in regard to continued development in its
enterprise focused Metaverse platform offering and the further
growth of its proprietary software platform , ENGAGE.
Update on Metaverse Offering - ENGAGE Link
Ahead of the launch of the Group's Metaverse offering for
enterprises - "ENGAGE Link" - expected in Q4 this year, ENGAGE XR
is delighted to announce 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 their own MetaWorlds
enabling them to interact with stakeholders, host real business
dealings and professional virtual events within the ENGAGE
ecosystem.
A preview of ENGAGE Link can be found here , and further details
are available on the Company's updated website here
ENGAGE's MetaVerse platform is divided into plazas. HTC will be
situated within the Enterprise plaza and The Virtual Human
Interaction Lab at Stanford University will be part of the
Education plaza. Stanford's MetaWorld will be based on its
world-famous virtual reality lab and will provide visitors an
insight into the bleeding edge research being undertaken at the
university.
The Group expects to announce further ENGAGE Link launch
partners in due course.
ENGAGE Update
ENGAGE provides users with a platform for creating, sharing, and
delivering VR content for education, training, and online events
through its three metaverse solutions: Virtual Campus, Virtual
Office, and Virtual Events.
Engage XR has 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.
To keep up with the growing number of global users, the Company
has launched 24/5 customer support with teams available to help
customers in the US, Australia, and Europe.
David Whelan. CEO, ENGAGE XR said: "Today's announcement is just
a quick snapshot of what's happening at ENGAGE XR. We will have
more news and updates in the coming months with the launch of
ENGAGE Link expected towards the latter half of this year. With
ENGAGE Link, we are building a completely distributive economic
environment for forward-thinking enterprises and individuals to
build the future of work, commerce and communications.
"ENGAGE Link is the first time that our clients will have
publicly accessible, always on, persistent locations to advertise
their business and services directly to the general public and to
potential clients. Clients can build out their own unique MetaVerse
for private company use or make it available to the wider world on
ENGAGE Link or via their own website using our deep links
system.
"Just as the emergence of the internet changed the world in the
late 90s, the professional MetaVerse will change business practices
globally with how we communicate with our employees, our customers
and each other."
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 & Tel: +44 (0) 20
Joint Broker) 7220 0500
Marc Milmo/ Seamus Fricker/James
Balicki (Corporate finance)
Sunila de Silva (ECM)
Shard Capital Partners LLP (Joint Tel: +44 (0) 20
Broker) 7186 9952
Damon Heath / Erik Woolgar
Davy (Joint Broker & Euronext Growth Tel: +353 1 679
Listing Sponsor) 6363
Barry Murphy / Lauren O'Sullivan
/ Oisin Morgan
SEC Newgate (Financial Communications) 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, called ENGAGE Link with the launch expected in the
second half of 2022.
EXR is listed on AIM in London and on the Euronext Growth, a
market operated by Euronext Dublin.
For further information, please visit: www.engagexrholdings.com
(LinkedIn: @Engage XR Holdings plc Twitter: @engage_xr)
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