Apollo11 VR selected as Oculus Quest launch title

RNS Number : 6099Z

VR Education Holdings PLC

21 May 2019

 

For immediate release

21 May 2019

VR Education Holdings plc

('VR Education' or the 'Group')

Apollo 11 VR selected as a launch title on new Oculus Quest

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's award-winning showcase experience, Apollo 11 VR, has been selected by Facebook to be a launch title on the Oculus Quest headset which launches globally today.

The Oculus Quest is Facebook's new all-in-one, untethered virtual reality headset aimed at providing high-end virtual reality technology at an affordable cost (€399) to a large number of consumers, without the need for expensive high-end PCs.

David Whelan, CEO of VR Education, said:

"We expect the Oculus Quest to be extremely popular globally and for this platform to quickly become the most used VR device, enticing many new users to jump onboard. As Apollo 11 VR was one of the most popular VR applications when it was released over three years ago it makes complete sense to release an updated version of the application on the Oculus Quest, providing the Apollo 11 showcase experience to people new to VR. 2019 is also the 50^th Anniversary of the moon landing and we expect to see strong demand for this title through the year."

Apollo 11 VR on the Oculus Quest is retailing for €9.99 and is available on the Oculus Quest store from launch.

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 / Richard Nash	Tel: [phone]
Shore Capital (Joint Broker) Andy Crossley / Richard Johnson	Tel: [phone]
Davy (Joint Broker & Euronext Growth Advisor) Fergal Meegan / Ronan Veale / Barry Murphy	Tel: [phone]
Buchanan (UK 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, www.engagevr.io, 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 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.

On 12 March 2018, VR Education listed on the AIM market of the London Stock Exchange and on Euronext Growth, a market regulated by Euronext Dublin.

For further information, please visit www.vreducationholdings.com.

 

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