VR Education Hldgs - ENGAGE signs multi-year licence agreement
For immediate release
('VR Education' or the 'Group')
ENGAGE signs multi-year enterprise licence agreement with Tokyo Global Gateway
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 has signed a multi-year enterprise licence agreement with Tokyo Global Gateway ('TGG') for use of the Group's proprietary ENGAGE platform, effective from
TGG is a large-scale experience-oriented English-education facility, managed and operated by a consortium of five private-sector entities appointed by the
VR Education's ENGAGE platform is a world leading education, training and communications tool used by educators and enterprise clients to provide remote training, distance learning and, most recently, as a platform to provide global virtual events.
The agreement will see TGG use VR Education's ENGAGE platform to teach Japanese students and corporate clients how to speak English in everyday travel situations - such as arriving at an airport, checking into a hotel or ordering food at a restaurant. The use of VR in a series of set locations, designed to simulate scenarios during a foreign trip, provides students with familiar surroundings as they learn how to speak English fluently. The use of the ENGAGE platform enables TGG to expand its existing facilities digitally and provide more complex locations and situations with relative ease.
Commenting on the agreement, David Whelan, CEO of VR Education, said:
"Tokyo Global Gateway is a leading educational institute in
Commenting on the agreement,
"We are very pleased to be able to introduce the VR Education ENGAGE platform to
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
Tel: +44 (0) 20 7186 9952
Davy (Joint Broker & Euronext Growth Advisor)
Tel: +353 1 679 6363
Buchanan (Financial PR)
Tel: +44 (0)20 7466 5000
Tel: +81 3 5962 4962
Notes to Editors
VR Education, together with its wholly owned subsidiary, is a 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 the Titanic VR experience.
Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.
The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.
This information is provided by RNS, the news service of the
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