REG - Engage XR Holdings - ENGAGE Update & Investor Presentation

ENGAGE XR HoldingsAnnouncement

12/11/2021 07:05

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RNS Number : 1475S  Engage XR Holdings PLC  12 November 2021

12 November 2021

 

ENGAGE XR Holdings plc.

("ENGAGE XR" or the "Group")

ENGAGE Update & Investor Presentation

ENGAGE XR Holdings plc, a virtual reality ('VR') technology company, is
pleased to update on the progress of its proprietary software platform ENGAGE,
and an upcoming presentation to investors.

 

ENGAGE Update

 

The Group has signed an initial six-figure dollar contract to August 2023 with
Optima Domi LLC ("Optima Domi"), an innovative classical curriculum
development company, to service the first VR-based Florida charter school.
Optima Classical Academy will start in the fall semester of 2022 with 1,350 to
1,500 third grade through to eighth-grade instructors and scholars attending
classes virtually using the ENGAGE platform.  Students will experience their
school day and all subject area lessons inside the platform with specific
immersive lessons built by Optima Domi, who will also manage the platform for
the academy. It is planned that in the 2023/2024 school year, it will be
extended to the eleventh grade and in the following school year, from
kindergarten through to twelfth grade.

 

In addition, the multi-national science-based technology company, 3M, has used
the ENGAGE platform to build its own MetaWorld "3M Home".  3M Home is an
exploratory VR pilot project with ENGAGE XR and a global cross-functional 3M
team; the contract with 3M was announced on 28 July 2021 by the Group as part
of a wider trading update. The project focuses on transforming the customer
experience allowing them to interact, engage and collaborate with 3M materials
and technologies in real-time from anywhere in the world.  3M Home expands
the ability to connect with customers in an immersive virtual experience and
helps demonstrate what is possible with 3M. (3M Home can be viewed here
(https://youtu.be/J7R9pFdVY4s) )

 

Investor Presentation

 

ENGAGE XR is pleased to announce that the Group will be attending MelloMonday
on Monday 22 November 2021.  David Whelan, CEO & Seamus Larrissey, CFO,
will be presenting and taking questions from participants.  If you would like
to attend, you can register
(https://melloevents.com/mellomonday-22nd-november/) here
(https://melloevents.com/mellomonday-22nd-november/) for the event using code
SHVIP for 75% off tickets.

 

David Whelan CEO, ENGAGE XR said: "For ENGAGE to be chosen to enable the
world's first online VR Charter school is very exciting. ENGAGE is being
utilised more and more in education and enterprise settings. Companies and
organisations are also beginning to look at the role the MetaVerse can play in
engagement.  The development of 3M Home using ENGAGE is a great example.
Facebook's recent announcement about its plans in this space has helped shine
a light on what we have been building over the past five years, increasing
interest in the services we provide.  ENGAGE is the most customisable
platform of its kind on the market today, and allows users to create unique
events, deliver corporate training and develop content in one simple package.

 

"With security and reputation key to the success of any online business, the
recent announcement of ENGAGE XR being awarded ISO27001 Certification, and our
world class security measures put us ahead of the competition in many areas.

 

"We believe the next 12 months are going to be exciting.  As some of the
world's biggest brands begin to move into this space, market recognition of VR
and the Metaverse is increasing.  We are enabling our customers to build
their own unique MetaWorlds just as they built their own unique websites 20
years ago. The Metaverse will be a collection of interconnected virtual worlds
and ENGAGE XR can play a key role in enabling it."

 

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

 Cairn Financial Advisers LLP (Nominated Adviser)    Tel: +44 (0) 20 7213 0880

 James Caithie / Liam Murray / Ludovico Lazzaretti

 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

 Elisabeth Cowell / 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 (http://www.engagexrholdings.com) (LinkedIn: @Engage
XR Holdings plc Twitter: @engage_xr)

 

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