Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

VR Education's shares soar as Apollo 11 experience selected for Oculus Go launch collection

The experience has been downloaded around 120,000 times as of 30 April 2018, generating over €1mln in revenue for the group
Oculus Go headset
The Apollo 11 experience allows users to witness the moon landing first-hand in VR

VR Education Holdings PLC (LON:VRE) shares soared in late-morning trading Wednesday after its award-winning Apollo 11 virtual reality (VR) educational experience was selected to be part of the launch collection for Oculus Go, a new standalone VR headset from US company Oculus.

The AIM-listed VR technology company said in a statement that the Apollo 11 experience, which provides users with the ability to witness the moon landing first-hand in VR from the viewpoint of the US astronaut Neil Armstrong, would also remain available on the Oculus store until 31 August 2018.

READ: VR Education makes bright start on AIM

The experience is currently available for multiple VR headsets including the HTC Vive, Oculus Rift and PlayStation VR and has been downloaded around 120,000 times as of 30 April 2018, generating over €1mln in revenue for the group.

Oculus VR is a California-based virtual reality hardware and software company that was acquired by Facebook (NASDAQ:FB) in 2014 for US$2.3bn and previously partnered with Samsung to develop its Samsung Gear VR in 2015.

David Whelan, VR Education chief executive, said: "Since its launch, the Apollo 11 VR experience has won numerous awards and has achieved considerable success on the Oculus store for Oculus Rift users.

He added: “The potential market for Apollo 11 is increasing all the time with the cost of hardware still coming down and the launch of the Oculus Go all-in-one headset now means you do not need a PC or smartphone to enjoy a full VR experience.”

VR Education shares were up 45.8% at 15.7p.

--Updates share price--

View full VRE profile View Profile

VR Education Holdings Plc Timeline

Related Articles

July 17 2018
KeyDrive develops and operates software platforms to operate domain names
office computers
September 05 2017
The EG board has recommended Verint’s offer of 112.5p a share
Big data
July 03 2018
The RAPid platform, and its integrated data technologies, empowers business teams to now analyse procurement data on an almost real-time basis

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use