ENGAGE to be available on Facebook Oculus store

RNS Number : 8904E

VR Education Holdings PLC

11 November 2020

 

11 November 2020

VR Education Holdings plc

('VR Education' or the 'Group')

ENGAGE to be available on Facebook Oculus store

VR Education Holdings plc (AIM: VRE; Euronext Growth: 6VR), a leading virtual reality ('VR') technology company in the education, communication and virtual events space, announces that the Group's flagship ENGAGE platform will be officially supported and made available on the Facebook Oculus store during the course of 12 November 2020 (Eastern Standard Time).  Up until this point users who wished to use the platform had to download the installation file from the Group's own website and side load the application to the Quest device, which was a significant barrier to usage.

Facebook, which just recently released the Oculus Quest 2, has now approved the ENGAGE platform for full release on its own devices and via its sales channels on the Quest store, thereby opening up a wider VR user base to ENGAGE.

David Whelan, CEO of VR Education, said: "Having ENGAGE available on the official Quest store from tomorrow (EST) is a significant step forward in terms of access to the platform.  It allows us to provide updates easily to our current customers and places ENGAGE on the largest VR user base currently available today.  The Oculus Quest 2 is in very high demand globally both from retail customers and enterprise customers and now ENGAGE is easy to find, install and run with minimal fuss.  Facebook themselves have purchased an enterprise account with us to use the ENGAGE platform internally between remote teams and we expect further, deeper collaboration to happen with Facebook in the near future."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

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For further information, please contact:

VR Education Holdings plc David Whelan, CEO Sandra Whelan, COO	Tel: [phone] [e-mail]
Cairn Financial Advisers LLP (Nominated Adviser) James Caithie / Liam Murray / Ludovico Lazzaretti	Tel: [phone]
Shard Capital Partners LLP (Joint Broker) Damon Heath / Erik Woolgar	Tel: [phone]
Davy (Joint Broker & Euronext Growth Advisor) Fergal Meegan / Ronan Veale / Barry Murphy	Tel: [phone]
Buchanan (Financial PR) Henry Harrison-Topham / Chris Lane / Tilly Abraham	Tel: [phone] [e-mail]

Notes to Editors

VR Education, together with its wholly owned subsidiary, is an early stage VR software and technology group based in Waterford, Ireland, dedicated to transforming the delivery methods of education and corporate training by utilising VR technologies to deliver fully immersive virtual learning experiences.  The Group's core focus is the development and commercialisation of its online virtual social learning and presentation platform called ENGAGE, which provides a platform for creating, sharing and delivering proprietary and third-party VR content for educational and corporate training purposes.

In addition to the ongoing development of the ENGAGE platform, the Group has also built two downloadable showcase VR experiences, being the award-winning Apollo 11 VR experience and the Titanic VR experience.

On 12 March 2018, VR Education listed on the AIM market of the London Stock Exchange and on the Enterprise Securities Market, a market regulated by Euronext Dublin.  For further information, please visit www.vreducationholdings.com .

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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