VR Education Holdings Plc Apollo 11 VR Mobile App Selected for Oculus Go Launch Collection

2 May 2018

Multiple award-winning Apollo 11 VR educational experience invited by Oculus to feature as part of a special promotional Oculus Go Collection on Oculus store

 

VR Education (AIM: VRE; ESM: 6VR), a leading virtual reality (‘VR’) technology company focused on the education space, is pleased to announce that its award-winning Apollo 11 VR educational experience has been selected to be part of the launch collection for Oculus Go, Oculus’ new all-in-one VR headset.

Oculus Go, which has a recommended retail price of US$199, will allow users to effortlessly enter VR with no PC or wires attached and was launched on 1 May 2018.  VR Education’s Apollo 11 was selected by Oculus as one of the apps for inclusion in the launch collection and will remain available at a reduced price of US$3.99 until 31 August 2018 on the Oculus store.

The Apollo 11 experience was developed by the Group in 2016 and provides users the ability to witness the moon landing first-hand in virtual reality, from the viewpoint of the US astronaut Neil Armstrong.  The Apollo 11 VR experience is currently available on HTC Vive, Oculus Rift and PlayStation VR and has been downloaded approximately 120,000 times as at 30 April 2018, generating over €1 million in revenue for the Group.

David Whelan, CEO of VR Education, said: “Since its launch, the Apollo 11 VR experience has won numerous awards and has achieved considerable success on the Oculus store for Oculus Rift users.  The potential market for Apollo 11 is increasing all the time with the cost of hardware still coming down and the launch of the Oculus Go all-in-one headset now means you do not need a PC or smartphone to enjoy a full VR experience.  We are excited to be working with Oculus Go to bring the joys of VR to the mainstream consumer.”

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

 

For further information, please contact:

 

VR Education Holdings plc David Whelan, CEO Sandra Whelan, COO	Tel: +353 87 665 6708 contact@vreducationholdings.com
Cairn Financial Advisers LLP (Nominated Adviser) James Caithie / Liam Murray / Richard Nash	Tel: +44 (0) 20 7213 0880

 

Shard Capital Partners LLP (Joint Broker) Damon Heath / Erik Woolgar	Tel: +44 (0) 20 7186 9952
Davy (Joint Broker & ESM Adviser) Fergal Meegan / Ronan Veale / Barry Murphy	Tel: +353 1 679 7788
Buchanan (UK Financial PR) Henry Harrison-Topham / Chris Lane / Tilly Abraham	Tel: +44 (0)20 7466 5000 VRE@buchanan.uk.com
Wilson Hartnell (Irish Corporate PR) Peter O’Brien / Frans Van Cauwelaert	Tel: +353 1 669 0030 peter.o’brien@ogilvy.com frans.vancauwelaert@ogilvy.com

 

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 an early access version of the Group’s 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.

Since its release, the Apollo 11 showcase VR experience has received a number of industry awards:

• Viveport Developer Awards – 1st Place Explore Category – April 2017
• Proto Awards, Hollywood – Best Educational Experience – October 2016
• Unity Vision Summit, Hollywood – Best Film/Interactive Story – February 2016
• VR Fest, Las Vegas – Best VR Animated Educational Film – January 2016
• FIVARS, Toronto – Public Choice Award – October 2015
• Time Warner, New York – Future of Storytelling – September 2015

 

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

 

This information is provided by RNS

The company news service from the London Stock Exchange