RCS - Engage XR Holdings - Launch of Lenovo’s new VR headset

ENGAGE XR HoldingsAnnouncement

01/06/2023 07:00

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RNS Number : 2323B  Engage XR Holdings PLC  01 June 2023

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1 June 2023

 

ENGAGE XR Holdings Plc

("ENGAGE XR" or the "Group")

 

Launch of Lenovo's new VR headset

 

ENGAGE XR Holdings Plc (AIM: EXR), a leading metaverse technology company, is
pleased to announce that, further to the announcement made on 28 September
2022, Lenovo™'s new ThinkReality™ VRX all-in-one virtual reality (VR)
headset engineered for enterprise customers, ENGAGE XR's target market, will
be available for purchase in select markets worldwide, commencing June 2023.

 

Lenovo is one of the world's largest computer manufacturing and smartphone
companies, and the ENGAGE proprietary software platform will be available on
the new headset.

 

As previously announced, the partnership agreement with Lenovo covers the
resale and distribution of end-user licenses by Lenovo of the ENGAGE software
on the new Lenovo headsets. Over the last few months, the Group has trained
and worked with Lenovo's sales team. The launch of the headsets opens a new
route to market for ENGAGE and its software as the Lenovo global sales team
actively look to sell the Group's technology and metaverse production
capabilities directly to their enterprise clients.

 

David Whelan, CEO, ENGAGE XR said: "We are confident that having secured
Lenovo as a channel partner in September 2022, the launch of the new headset
will enable us to grow our international reach and customer base. As the
headset becomes available in selected markets, we anticipate seeing further
revenue growth during the second half of 2023. Lenovo has a large global
market share in enterprise and education, which is ENGAGE's target market, and
it should be a fruitful partnership for both parties. We continue to believe
this partnership will help establish ENGAGE as the business platform of choice
for these organisations."

 

Further details about the headset can be found here:
https://news.lenovo.com/pressroom/press-releases/thinkreality-vrx-now-available-select-markets-worldwide/
(https://news.lenovo.com/pressroom/press-releases/thinkreality-vrx-now-available-select-markets-worldwide/)

 

 

 

 

 

 

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/ Seamus Fricker (Corporate Finance)

 Sunila de Silva (ECM)

 Shard Capital Partners LLP (Joint Broker)            Tel: +44 (0) 20 7186 9952

 Damon Heath / Erik Woolgar

 SEC Newgate (Financial Communications)               Tel: +44 (0)7540 106 366

 Robin Tozer / Naz Zandi                              engage@secnewgate.co.uk

 

About ENGAGE XR

ENGAGE XR Holdings plc (AIM: EXR) is metaverse technology company focused on
becoming a leading global provider of virtual communications solutions through
its new fully featured corporate metaverse, ENGAGE Link. A demonstration of
ENGAGE Link is here (https://www.youtube.com/watch?v=ITtz7ErWhMs&t=2s)

 

The Company also has a 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.

 

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

 

 

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