VR Education Hldgs - ENGAGE commercial agreement signed
For immediate release
('VR Education' or the 'Group')
ENGAGE commercial agreement signed
VR Education (AIM: VRE; Euronext Growth: 6VR), a leading virtual reality ('VR') technology company focused on the education space, is pleased to announce that the Group has signed a commercial agreement ('Agreement') with
D'Carrick, together with its partner FIX GAMES, uses the latest technologies to create educational programmes for the South Korean education system, providing continuous innovation across various VR and AR platforms. Having pre-tested previous versions of the ENGAGE platform, the agreement with D'Carrick will bring VR Education's innovative technology to a broader client base.
The Agreement provides that, for a fee of
- roll out the ENGAGE virtual reality platform to a set number of students in
- resell the ENGAGE platform with 30% of revenue generated being paid to the Group.
David Whelan, CEO of VR Education, said:
"In today's digital era, modern students are moving rapidly towards online learning and we have been delighted by the interest in our ENGAGE platform.
"Our goal is to transform the future of education globally by implementing new methods and techniques to make learning available to everyone, everywhere.
1 At the time of the Group's IPO in
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
- Ends -
For further information, please contact:
David Whelan, CEO
Tel: +353 87 665 6708
James Caithie /
Tel: +44 (0) 20 7213 0880
Tel: +44 (0) 20 7601 6100
Davy (Joint Broker & Euronext Growth Advisor)
Tel: +353 1 679 6363
Tel: +44 (0)20 7466 5000
Fuller Marketing (Irish Corporate PR)
Tel: +353 87 981 3176
Notes to Editors
VR Education, together with its wholly owned subsidiary, is an early stage VR software and technology group based in
In addition to the ongoing development of the ENGAGE platform, the Group has also built three downloadable showcase VR experiences, being the award-winning Apollo 11 VR experience, the award-winning Titanic VR experience and the award-winning 1943: Berlin Blitz.
For further information, please visit www.vreducationholdings.com.
This information is provided by RNS, the news service of the
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