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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--

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