Pires Investments PLC Update on investment in VividQ
16 Mayo 2022 - 3:45AM
RNS Non-Regulatory
TIDMPIRI
Pires Investments PLC
16 May 2022
16 May 2022
Pires Investments plc
("Pires" or the "Company")
Update on investment in VividQ
VividQ showcases Optical Engine Demonstrator at SID Display
Week
Pires Investments plc (AIM: PIRI), the investment company
focused on next generation technology, is pleased to provide an
update in relation to VividQ Limited ("VividQ"), a leading
developer of software and hardware IP for 3D holographic display,
an investment within the Sure Valley Ventures ("SVV")
portfolio.
VividQ has launched its proprietary Alpha Optical Engine
Demonstrator aimed at manufacturers of high-end Augmented Reality
("AR") headsets at the SID Display Week Conference which took place
in San Jose, California, last week. The Alpha Optical Engine
Demonstrator displays high-resolution 3D visuals (60 PPD) with
excellent contrast and realistic focal depth by direct engineering
of light in software, a process known as Computer-Generated
Holography ("CGH").
VividQ has developed world-leading expertise in CGH, which is
the only solution for high-performance AR display, allowing users
to focus on content across multiple depth planes, addressing many
shortcomings of today's AR devices, allowing for easier interaction
with AR content.
Pires has a circa 20% interest in SVV. SVV is a venture capital
fund focused on investing in the software technology sector with a
specific focus on artificial intelligence, the internet of things
and immersive technologies.
Nicholas Lee, Director of Pires commented: "We are thrilled to
note VividQ's unveiling of its proprietary Alpha Optical Engine
Demonstrator at the SID Display Week Conference in California.
Following its GBP11 million funding round last year, it is pleasing
to see VividQ continue to make major advances to high-end AR
headsets with real-time CGH.
"We look forward to updating the market on VividQ's progress in
due course."
Enquiries:
Pires Investments plc Tel: +44 (0) 20 3368 8961
Nicholas Lee, Director
Joint Broker Tel: +44 (0) 20 7469 0935
Peterhouse Capital Limited Tel: +44 (0) 20 7469 0936
Duncan Vasey/Lucy Williams
Joint Broker Tel: +44 (0) 20 3167 7221
Tennyson Securities
Peter Krens
Financial media and PR Tel: +44 (0) 20 3004 9512
Yellow Jersey
Sarah Hollins
Henry Wilkinson
Annabelle Wills
Notes to Editors
About Pires Investments plc
Pires Investments plc (AIM: PIRI) is an investment company
providing investors with access to a portfolio of next generation
technology businesses with significant growth potential.
The Company is building an investment portfolio of high-tech
businesses across areas such as Artificial Intelligence, Internet
of Things, Cyber Security, Machine Learning, Immersive Technologies
and Big Data, which the Board believes demonstrate evidence of
traction and the potential for exponential growth, due to
increasing global demand for development in these sectors.
For further information, visit:
https://piresinvestments.com/
About VividQ
VividQ is a UK-based software and IP licensing company, powering
the display revolution with Computer-Generated Holography.
Holography is no longer just science fiction. For the first time,
it is a viable commercial solution for digital display
applications. VividQ's extensive R&D has led to cutting-edge
developments for high quality, real-time Computer-Generated
Holography. The company's products enable innovative technology
companies to integrate true holographic display in Augmented
Reality wearables and Head-Up Displays. VividQ's technology enables
the most realistic and immersive visual experiences.
For more information, please visit: www.vividq.com
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