viewVR Education Holdings PLC

VR Education to enter strategic partnership with HTC

Under the agreement, the company said its ENGAGE platform, which is designed to host meetings in virtual reality, will be distributed through all of HTC’s enterprise sales channels

VR Education Holdings PLC - VR Education to enter strategic partnership with HTC

VR Education Holdings PLC (LON:VRE) says it will enter a strategic partnership with Taiwanese electronics firm HTC to distribute its ENGAGE platform globally.

ENGAGE allows users to build and attend classes or meetings in a virtual reality (VR) environment.

READ: VR Education to virtually host industry conference previously held in Shenzen

VRE said the platform will be distributed through all of HTC’s enterprise sales channels, although stressed that at this early stage there was no certainty that the partnership will be concluded.

“With the global spread of [coronavirus] HTC and VRE are working closely together to help alleviate current commercial and education issues created by widespread self-isolation enforced by governments worldwide”, the company said in a statement.

VRE’s chief executive David Whelan said the partnership is expected to be “a significant commercial opportunity” for the firm, adding that its ENGAGE platform had already been used by 800 business leaders at the HTC Vive Ecosystem Conference on Thursday after the physical conference was cancelled due to the coronavirus outbreak.

“Many industries are now focused on how they will continue to work remotely due to health concerns and reduced travel due to climate change concerns. VRE in combination with HTC can now offer a complete end to end service to alleviate these challenges", Whelan said.

VRE’s shares were steady at 4.6p in early trading on Thursday.

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Quick facts: VR Education Holdings PLC


Price: 18.25 GBX

Market Cap: £52.94 m

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