RCS - Engage XR Holdings - Update on School of AI

ENGAGE XR HoldingsAnnouncement

30/09/2024 07:00

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RNS Number : 1013G  Engage XR Holdings PLC  30 September 2024

Reach

30 September 2024

 

ENGAGE XR Holdings Plc

("ENGAGE XR" or the "Group")

 

Update on School of AI

 

ENGAGE XR Holdings Plc, a leading Metaverse / Spatial Computing technology
company, is pleased to confirm the roll out of the "School of AI" to all of
its education clients.

 

Developed inhouse by the team at ENGAGE XR, the School of AI creates an
immersive learning environment, in which students can speak to notable figures
of history, powered by conversational and generative AI.

 

School of AI launched in March 2024 and was made available to a selection of
ENGAGE XR's education clients. The feedback from this soft launch was positive
and as a result, ENGAGE XR has now rolled out the product more widely. School
of AI is now available to all of ENGAGE XR's education clients, which include
the Kentucky Department of Education, Optima Domi, and Lobaki. The Board
believes that the roll out of School of AI is expected to create enhanced
revenue opportunities for the Company.

 

Available on all leading VR/AR devices, PCs, Phones and Tablets, School of AI
enables students to engage with 12 AI-powered characters, in authentic
historic locations, including Neil Armstrong, Winston Churchill, Cleopatra,
Rosa Parks, Benjamin Franklin, Nikola Tesla and Marie Curie. Where original
audio clips are available for a given character, these clips train the AI to
sound exactly like the original characters and give them similar mannerisms.
More historical figures are being developed within School of AI.

 

Further details can be found here:  https://youtu.be/w7FrJAQqKYk
(https://youtu.be/w7FrJAQqKYk)

 

David Whelan CEO, ENGAGE XR, said: "Our initial limited launch of the School
of AI proved to be a great success, and we are delighted to be able to offer
it now to all of our education clients.  Products like School of AI are
example of how methods of teaching are evolving and how teaching will continue
to develop in the future. Why just read about Benjamin Franklin when you can
talk to him? Alongside Corporate Development & Learning, Education is one
of the fastest-growing sectors in terms of the adoption of immersive
technology, and we are building a strong reputation in this area, especially
in the US."

 

 

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

 Cavendish Capital Markets Limited (Nominated Adviser & Broker)      Tel: +44 (0) 20 7220 0500

 Marc Milmo / Seamus Fricker (Corporate finance)

 Sunila de Silva (ECM)

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

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

 

 

About ENGAGE XR

ENGAGE XR Holdings plc (AIM: EXR) is a leading Metaverse / Spatial Computing
technology company focused on becoming a leading global provider of virtual
communications solutions through its new fully featured corporate metaverse,
ENGAGE Link. A demonstration can be viewed here: ENGAGE The Spatial Computing
Platform for Enterprise (https://youtu.be/2OHtimtFY3M?si=qe-lcxvau1sPjbk8)

 

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)

 

Forward-Looking Statements

Certain statements made in this announcement are forward-looking statements.
These forward-looking statements are not historical facts but rather are based
on the Group's current expectations, estimates, and projections about its
industry; its beliefs; and assumptions. Words such as 'anticipates,'
'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar
expressions are intended to identify forward-looking statements. These
statements are not guarantees of future performance and are subject to known
and unknown risks, uncertainties, and other factors, some of which are beyond
the Group's control, are difficult to predict, and could cause actual results
to differ materially from those expressed or forecasted in the forward-looking
statements.

The Group cautions security holders and prospective security holders not to
place undue reliance on these forward-looking statements, which reflect the
view of the Group only as of the date of this announcement. The
forward-looking statements made in this announcement relate only to events as
of the date on which the statements are made. The Group will not undertake any
obligation to release publicly any revisions or updates to these
forward-looking statements to reflect events, circumstances, or unanticipated
events occurring after the date of this announcement except as required by law
or by any appropriate regulatory authority.

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