VR Education Hldgs - ENGAGE Update & Notice of Results
('VR Education' or the 'Group')
Notice of Interim Results
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 provide the following update on its ENGAGE platform which hosts remote virtual events, virtual training and remote distance learning.
In addition to ENGAGE's virtual events, the Group has also made significant progress since
Revenue generated from the ENGAGE platform since
David Whelan, CEO of VR Education, said: "I am very pleased to report the continued progress of the ENGAGE platform this year after a very uncertain and slow first quarter due largely to Covid-19 shutdowns. From the second quarter onwards we have seen accelerated adoption of our platform as it became apparent that educational institutes and businesses would need to work and communicate remotely for many months to come as the pandemic spread. Much of our continued growth has been in the US as this region has been hit the hardest. We expect this growth to continue as we come towards the back half of this year and as we make ENGAGE available inside the
Notice of Interim Results
The Group also announces that it will report its Interim Results for the six months ended
There will be a Zoom call for sell-side analysts at
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 7186 9952
Davy (Joint Broker & Euronext Growth Advisor)
Tel: +353 1 679 6363
Buchanan (Financial PR)
Tel: +44 (0)20 7466 5000
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 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.
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