TIDMEXR
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
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/
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
For further information, please contact:
ENGAGE XR Holdings Plc Tel: +353 87 665
David Whelan, CEO 6708
Séamus Larrissey, CFO info@engagexr.co
Sandra Whelan, COO
finnCap Ltd (Nominated Adviser & Tel: +44 (0) 20
Joint Broker) 7220 0500
Marc Milmo/ Seamus Fricker (Corporate
Finance)
Sunila de Silva (ECM)
Shard Capital Partners LLP (Joint Tel: +44 (0) 20
Broker) 7186 9952
Damon Heath / Erik Woolgar
Davy (Joint Broker & Euronext Growth Tel: +353 1 679
Listing Sponsor) 6363
Barry Murphy / Lauren O'Sullivan
/ Oisin Morgan
SEC Newgate (Financial Communications) Tel: +44 (0)7540
Robin Tozer / Isabelle Smurfit 106 366
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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November 07, 2022 02:00 ET (07:00 GMT)
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