VR Education Hldgs - Trading Update
('VR Education' or the 'Group')
VR Education (AIM: VRE; ESM: 6VR), a leading virtual reality ('VR') technology company focused on the education space, is pleased to provide the following trading update for the year ended
Revenue for the year ended
Since the full commercial release of ENGAGE, the Group's online virtual learning and corporate training platform, the Group has progressed with the onboarding of
VR Education is now actively marketing the ENGAGE platform and is attending the BETT Show in
Demand for the Group's VR showcase experiences, comprising Apollo 11 VR and Titanic VR, remains in line with management's expectations with new experiences, including Raid on the Ruhr (Dambusters Experience) expected to launch in H1 2019 and Space Shuttle Commander (Working Title) expected in H2 2019.
David Whelan, CEO of VR Education, said:
"With the release of our ENGAGE platform in
"This year will also see the release of two new showcase experience titles. The first to be released is based on the famous Dambusters mission and the other allows users to take control of the Space Shuttle for some of its most important missions. Our showcase experiences to date have been an important recruitment tool and revenue generator and we will continue to build titles with small internal teams as we grow ENGAGE into a world leading platform."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
- Ends -
For further information, please contact:
David Whelan, CEO
Tel: +353 87 665 6708
James Caithie /
Tel: +44 (0) 20 7213 0880
Tel: +44 (0) 20 7601 6100
Davy (Joint Broker & ESM Adviser)
Tel: +353 1 679 7788
Tel: +44 (0)20 7466 5000
Fuller Marketing (Irish Corporate PR)
Tel: +353 87 981 3176
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 two downloadable showcase VR experiences, being the award-winning Apollo 11 VR experience and an early access version of the Group's Titanic VR experience.
For further information, please visit www.vreducationholdings.com.
This information is provided by RNS, the news service of the
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Market Cap: £33.85 m
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