REG - Engage XR Holdings - Launch of ENGAGE Link & Investor Presentation

ENGAGE XR HoldingsAnnouncement

07/11/2022 07:00

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RNS Number : 4496F  Engage XR Holdings PLC  07 November 2022

7 November 2022

 

ENGAGE XR Holdings Plc

("ENGAGE XR" or the "Group")

 

New metaverse product - ENGAGE Link - officially launched

 

Investor Presentation

 

Major organisations including Lenovo, KPMG US, KIA, Adtalem, MTN Group and
musical icon, FatBoy Slim join a portfolio of 14 launch partners

 

ENGAGE XR Holdings Plc (AIM: EXR; Euronext Growth: EXR), a virtual reality
('VR') technology company, is pleased to confirm the official launch of its
new metaverse product, ENGAGE Link today. The launch completes the
transformation of the Group into a metaverse technology company.

 

ENGAGE Link has been developed by the Group as a metaverse platform designed
for corporations, professionals, education organisations, and event
organisers. ENGAGE Link has been designed to allow the Group's wide-ranging
customer base to use the metaverse to create their own virtual worlds so as to
provide services directly to their own clients and also to engage with
employees and suppliers. Here is the latest demonstration:
https://youtu.be/FM798SSv9rE (https://youtu.be/FM798SSv9rE)

ENGAGE Link is an evolution of the Group's successful immersive communications
platform, ENGAGE which has grown to serve more than 180 commercial customers
in the three years since its launch in 2019.

ENGAGE Link is a publicly explorable persistent metaverse world where users
can visit and socialise with other professionals and visit client-made virtual
locations to take part in meetups, training days, product launches,
demonstrations, and events, including full-length concerts.  ENGAGE Link is
expected to be used extensively for private events, stakeholder
communications, education, and training.

ENGAGE Link is divided into locations called Plazas, and the Group has secured
14 launch partners who have set up or are in the process of building their
metaverse locations within the platform. The Group has previously announced
Lenovo, HTC and The Virtual Human Interaction Lab at Stanford University as
launch partners but are delighted that new blue chip enterprise clients such
as Kia and KPMG US have also joined as launch partners. The initial plazas are
as follows:

·    Enterprise Plaza - for corporations and professionals which includes
HTC, KIA, KPMG US, Lenovo, MTN, and Victory XR.

 

·    Education Plaza - primarily a location for educational institutions
and organisations including Optima Ed, Adtalem, the University of Miami Patti
and Allan Herbert Business School, Stanford University and Victory XR. ENGAGE
Link is already being used as a location for 10 Meta-funded "Metaversities"
providing education to thousands of students in the US working with other
virtual schools around the globe.

 

·    Creative Plaza - a location for brands, artists, content studios and
creatives. The creative plaza will showcase some of the most creative and
boundary pushing ideas in the metaverse. This includes artists such as FatBoy
Slim (a.k.a Norman Cook) who will be performing a full-length virtual concert
in ENGAGE Link early in 2023.

 

·    Central Plaza - the starting point for new visitors to the ENGAGE
Link metaverse. It will be used as a meeting point and event space. Visitors
can simply walk-through portals to other locations within the ENGAGE
metaverse.

 

 

David Whelan, CEO, ENGAGE XR said: "The launch of ENGAGE Link is a huge moment
for the Group. We are now a leading metaverse technology company that can help
make the metaverse strategies of leading global organisations a reality. While
other metaverses have focused on the social, advertising and entertainment
opportunities, we have focused on creating a platform that will allow
companies to better engage with their employees, customers, and suppliers
around the world, and educational institutions to engage with their students.

"With a greater focus than ever before on sustainability and hybrid working,
the stage is set for the professional metaverse to change how companies
conduct business, and how they communicate with employees, customers, and each
other. ENGAGE XR aims to be at the forefront of this revolution as we lead the
way in terms of enterprise and education applications for the metaverse."

 

You can read more of David's thoughts on the development of the metaverse and
ENGAGE Link here: https://engagevr.io/metaverse-an-evolution-of-the-internet/
(https://engagevr.io/metaverse-an-evolution-of-the-internet/)

 

Jason McGuigan, Head of Commercial VR, Lenovo, said: "As the enterprise
metaverse changes how we do business, Lenovo is creating cutting-edge
solutions like the ThinkReality VRX so our customers can adopt and scale
immersive experiences for work. Lenovo's presence on ENGAGE Link is a valuable
opportunity to interact with customers, developers and leaders from the XR
industry to explore and create value together."

 

Dr. Jeremy Bailenson, founding director of Stanford University's Virtual
Human Interaction Lab, said: "The Stanford Virtual Human Interaction Lab is
excited to announce that we will be a launch partner on ENGAGE Link.  We have
had a long standing and mutually beneficial relationship with ENGAGE, having
utilized the ENGAGE platform extensively for experiential education,
collaboration, creation and research.  We are happy to partner with ENGAGE
Link to explore and help shape the opportunities a persistent, virtual
ecosystem designed for professionals, creatives and educational institutions,
in which any experience may be made possible, might provide."

 

Investor Presentation

 

ENGAGE XR is pleased to announce that CEO, David Whelan and Chris Madsen,
Senior Sales Engineer will showcase ENGAGE Link to all existing and potential
shareholders on 10 November 2022 at 2:00pm GMT.

 

Questions can be submitted pre-event via your Investor Meet Company dashboard
up until 9am the day before the meeting or at any time during the live
presentation.

Investors can sign up to Investor Meet Company for free and add to meet Engage
XR via:

https://www.investormeetcompany.com/engage-xr-holdings-plc/register-investor
(https://www.investormeetcompany.com/engage-xr-holdings-plc/register-investor)

 

 

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

 Davy (Joint Broker & Euronext Growth Listing Sponsor)       Tel: +353 1 679 6363

 Barry Murphy / Lauren O'Sullivan / Oisin Morgan

 SEC Newgate (Financial Communications)                      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 metaverse
technology company focused on becoming a leading global provider of virtual
communications solutions through its new fully featured corporate metaverse,
ENGAGE Link.

 

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.

 

EXR is listed on AIM in London and on the Euronext Growth Market in Dublin, a
market operated by Euronext Dublin.

 

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

 

 

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