RCS - Engage XR Holdings - Engage and Victory XR to Launch 10 Metaversities

ENGAGE XR HoldingsAnnouncement

07/04/2022 07:00

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RNS Number : 5330H  Engage XR Holdings PLC  07 April 2022

 ENGAGE XR Holdings Plc

 

("ENGAGE XR" or the "Group")

Engage Partners with Victory XR to Launch 10 Metaversities, funded by Meta

ENGAGE XR Holdings Plc, a virtual reality ('VR') technology company, is
pleased to announce that its partner, VictoryXR, has published the below
release regarding the launch of ten metaversities in the US this fall.

The partnership was funded by Meta Immersive Learning, an arm of Meta which is
investing to help develop the next generation of metaverse creators, with each
campus built by VictoryXR on Engage XR's proprietary software platform.

 

Ten Metaversities Launching in U.S. this Fall in first VictoryXR Cohort

Metaverse education is taking hold at American colleges and universities in a
big way this fall. This fall's cohort finds some big names planning to roll
out digital twin campuses.

Each school will roll out a digital twin, replica campus for students to
attend whether they are on campus or learning remotely. In addition, each
student will receive a Quest 2 virtual reality headset for use during the
course they are taking. Finally, courses will be synchronous, or
multi-student, as if they were attending class on a physical campus.

"When the history of metaverse education is written, these are the schools
that will be known as the metaverse pioneers," said Steve Grubbs, VictoryXR
CEO. "Remote learning is growing and these schools have decided to look for
something better than a Zoom class."

The partnership was funded, in part, by Meta Immersive Learning (NASDAQ: FB).
Meta will provide Quest 2 headsets during the project  on each campus as well
as funding for the digital twin buildouts. Each campus is built by VictoryXR
on the EngageVR platform (LON: EXR).

See digital twin campus demo here: https://youtu.be/-2hR5jSphsU
(https://youtu.be/-2hR5jSphsU)

The List of Universities and Colleges Include one veteran school and nine new
metaversities:

Morehouse College

University of Kansas School of Nursing

New Mexico State University

South Dakota State University

West Virginia University

University of Maryland Global Campus

Southwestern Oregon Community College

Three additional metaversities will be released in May.

"More than any learning innovation I have been involved with, Morehouse in
the Metaverse has made the biggest difference for the students I teach," said
Dr. Muhsinah Morris, associate professor at Morehouse College.

Using either a virtual reality headset, or a PC, students will enter the
metacampus with other students and their professor. There, they will engage in
classroom experiences like delving into human anatomy, history field trips
through a time machine or astronomy on a starship.

"Just like the real world, students will be able to break into small groups
and work on projects together, no matter their physical distance," said
Grubbs, "but unlike the real world, they will be able to shrink to the size
of Ant-man and tour the human body. It's no wonder student retention is so
much greater."

Last year, accountancy firm PwC published research on the advantages of using
VR for learning*. The findings showed that 40% of VR learners are more
confident in applying what they've been taught and 150% more engaged. In
addition, VR was found to be 400% faster than classroom-based learning.

https://www.victoryxr.com/ten-metaversities-launching-in-u-s-this-fall-in-first-victoryxr-cohort/
(https://www.victoryxr.com/ten-metaversities-launching-in-u-s-this-fall-in-first-victoryxr-cohort/)
 

 

For further information, please contact:

 

 ENGAGE XR Holdings Plc                                   Tel: +353 87 665 6708

 David Whelan, CEO                                        info@engagexr.co

 Séamus Larrissey, CFO

 Sandra Whelan, COO

 finnCap Ltd   (Nominated Adviser & Joint Broker)         Tel: +44 (0) 20 7220 0500
 Marc Milmo (Corporate Finance)
 Seamus Fricker (Corporate Finance)
 James Balicki (Corporate Finance)

Sunila de Silva (ECM)
 Shard Capital Partners LLP  (Joint Broker)               Tel: +44 (0) 20 7186 9952
 Damon Heath

Erik Woolgar
 Davy  (Joint Broker & Euronext Growth Advisor)           Tel: +353 1 679 6363

Barry Murphy

Lauren O'Sullivan

Oisin Morgan
 SEC Newgate (Financial PR)                               Tel: 020 3757 6880

 Robin Tozer / Isabelle Smurfit                           engage@secnewgate.co.uk

About ENGAGE XR

ENGAGE XR Holdings plc (AIM: EXR; Euronext Growth: EXR) is a virtual reality
('VR') technology company focused on becoming a leading global provider of
virtual communications solutions through its proprietary software platform,
ENGAGE. ENGAGE provides users with a platform for creating, sharing, and
delivering VR content for education, training, and online events through its
three solutions: Virtual Campus, Virtual Office, and Virtual Events.

ENGAGE is currently developing a new fully featured corporate metaverse
codenamed "ENGAGE Oasis" with the launch expected in the first half of 2022.

EXR is listed on AIM in London and on the Enterprise Securities Market, a
market regulated by Euronext Dublin.

For further information, please visit: www.engagexrholdings.com (LinkedIn:
@Engage XR Holdings plc Twitter: @engage_xr)

 

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