RCS - Engage XR Holdings - New Senior Appointments to help drive US Growth

ENGAGE XR HoldingsAnnouncement

28/03/2022 07:00

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RNS Number : 1157G  Engage XR Holdings PLC  28 March 2022

RNS REACH

28 March 2022

 

ENGAGE XR Holdings Plc

 

("ENGAGE XR" or the "Group")

 

New Senior Appointments to help drive US Growth

ENGAGE XR Holdings Plc, a virtual reality ('VR') technology company, is
pleased to announce that its new hires - Richard Allin and Kyle Horner - have
officially joined the Group as it builds its US presence in preparation for
the launch of its enterprise-focused Metaverse offering. The US is expected to
be a major market for the new offering that remains on track to be launched in
the second half of 2022 and codenamed 'ENGAGE Oasis'. According to Statista,
the XR Metaverse market in America is currently valued at US$38.85 billion
and, estimated to grow to over US$678 billion by 2030.

As part of the Group's plans, Richard Allin has been appointed as Chief
Revenue Officer (CRO), to capitalise on the exponential growth opportunity the
Group sees for 'ENGAGE Oasis'. Richard will have a sizable budget to build the
Group's sales, lead generation and client onboarding teams, with the primary
focus, on the US.  Richard has more than 25 years of experience in sales,
business development and relationship management within the US technology
sector. Richard previously worked as CRO for the Americas at Assentis, the
leading software company specialising in Customer Experience and Digital
Transformation solutions.

Furthermore, Engage XR has hired a US-based Director of Marketing, Kyle
Horner. Kyle will help deliver the Group's international growth plans and help
target enterprise clients in the US. Kyle has over 10 years of experience in
digital marketing and advertising, with specific expertise in the video games
software industry.  As previously announced, to support the Group's sales
efforts in the US, 5W Public Relations ("5WPR"), one of the larger US PR
companies, has been engaged. With guidance from Non-Executive Director, Kenny
Jacobs (former Chief Marketing Officer of Ryanair), and Kyle, 5WPR will be
tasked with ensuring ENGAGE becomes a widely recognised brand name in the US
before the year-end.

The appointments of Richard and Kyle add to the Group's growing presence in
the US. In the last twelve months, ENGAGE XR has worked with a number of major
US clients, including a contract with 3M to use the ENGAGE platform to build
its own MetaWorld "3M Home".

David Whelan, CEO, said: "ENGAGE XR has grown and scaled over the last two
years, as demand and interest in ENGAGE has increased, and we have recently
reached the milestone of 100 employees.  We expect 2022 to far eclipse the
achievements of previous years with the US set to be at the heart of our
continued growth.  Therefore, we are excited to welcome Richard and Kyle to
the team as we build our US presence and look to deliver against our near term
objective to make ENGAGE a major brand. With our planned Metaverse set to
launch later this year, we believe ENGAGE is well-positioned as the enterprise
solution of choice for companies in a variety of industries seeking to enter
the Metaverse to host meetings, events, product launches, and conduct training
content. It provides a business orientated alternative to other Metaverse
offers in the market whose aim is more entertainment and consumer focused. We
look forward to Richard and Kyle playing a major role in our development."

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 / 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: +44 (0)7540 106 366

 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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