VR Education Hldgs - VRE to Launch 5G VR Device with Deutsche Telekom
For immediate release
('VR Education' or the 'Group')
VR Education partners with Deutsche Telekom,
VR Education (AIM: VRE; Euronext Growth: 6VR), a leading virtual reality ('VR') technology company focused on the education and enterprise training space, is pleased to announce that the Group's ENGAGE platform has been selected as one of a handful of titles to be a launch application for a new 5G VR head mounted display ('HMD'), which is currently being developed in partnership with Deutsche Telekom,
The new 5G VR HMD will allow consumers to experience a metaverse, where the virtual and real-world blur to transform how people come together in a more personal, natural, and meaningful way, without the confines of physical boundaries. Instead of moving a cursor across a grid of icons to open applications as in today's VR experiences, the device will offer a novel user interface where users are represented as a real-life looking avatar and navigate the virtual world.
This new offering will be distributed exclusively through global telecom operators and initially include a VR HMD powered by a Qualcomm Snapdragon Mobile VR Platform and innovative content spanning communication, social, education, media, shopping, and entertainment. It represents a key use for 5G technology and has support from telecom operator Deutsche Telekom, which has 7 million mobile customers in
David Whelan, CEO of VR Education, said: "VR and AR technology (XR) up to now has only appealed to very large corporations for training and the hardcore video game community. 5G deployment is about to change this mindset allowing for more immersive experiences, faster streaming services and smaller end user devices making a currently niche product appeal to a mass market. This new 5G VR device is certainly much smaller and lighter than what we have seen in the past from other manufacturers and we are definitely in touching distance of where XR headsets will actually have the same form as standard glasses.
"Having a leading telecom company such as Deutsche Telekom push forward with an XR offering for their new 5G customers is a welcome development and ENGAGE being part of this push on the corporate training and education side is very exciting."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
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For further information, please contact:
David Whelan, CEO
Tel: +353 87 665 6708
James Caithie /
Tel: +44 (0) 20 7213 0880
Shore Capital (Joint Broker)
Tel: +44 (0) 20 7408 4090
Davy (Joint Broker & Euronext Growth Advisor)
Tel: +353 1 679 6363
Tel: +44 (0)20 7466 5000
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Notes to Editors
VR Education, together with its wholly owned subsidiary, is an early stage VR software and technology group based in
In addition to the ongoing development of the ENGAGE platform, the Group has also built four downloadable showcase VR experiences, including the award-winning Apollo 11 VR experience and the Titanic VR experience.
This information is provided by RNS, the news service of the
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