New Sites, Trading Update and date of Results

RNS Number : 9278H

Immotion Group PLC

11 April 2022

 

Immotion Group plc

("Immotion", the "Company" or the "Group")

 New Sites, Trading Update and date of Results

Highlights

· Four new partner locations signed (22 new seats bringing 2022 install total to date to 42).

· Sea Life London expanded to a themed 16-seater theatre in new three-year deal.

· Over 400 headsets now installed across 49 locations.

· Q1 2022 unaudited revenue £2m - more than double Q1 2021.

· Unaudited Location Based Entertainment ("LBE") revenue in Q1 2022 three times that of Q1 2021 - £1.8m compared to £0.6m.

· Advanced negotiations on first major 'Gorilla Trek' installations.

New Sites

Immotion, the UK-based immersive entertainment group, is pleased to announce the opening and signing of the following new partner sites in its core Location Based Entertainment business, scheduled to bring a total of 24 new seats into operation:

· Akron Zoo, Ohio, USA - Immotion has put a 6-seat installation into Akron Zoo.  The attraction will open on 16 April 2022.

· Seattle Aquarium, Washington, USA - Started operations in late March.

· Sea Life Manchester - Manchester now joins the fold of installations in Sea Life venues, with six seats in a new three-year deal.

· New Aquarium site USA.  The Company has signed and completed the installation this week of a new six seat mini-theatre, with operations scheduled to begin later this month, subject to state certification, under a three-year contr