Business
Commercial Update
Commercial Update.
About this update from Engage Xr Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 9177Z VR Education Holdings PLC 23 May 2019 \n\n\n\n\nFor immediate release\n\n\n23 May 2019\n\n\n\n \nVR Education Holdings plc\n('VR Education' or the 'Group')\n \nCommercial Agreement with U.S. Space & Rocket Center and selection for Oculus Anywhere Programme\n \nVR Education (AIM: VRE; Euronext Growth: 6VR), a leading virtual reality ('VR') technology company focused on the education space, is pleased to announce that on 22 May 2019 the Group signed a commercial agreement ('Agreement') with the U.S. Space and Rocket Center in Huntsville, Alabama, one of the top aviation and aerospace museums in the USA and Alabama's top paid tourist attraction, for use of the Group's Apollo 11 VR experience in a major new attraction to celebrate the 50th anniversary of the moon landing. The U.S. Space and Rocket Center is a Nasa Visitor Centre and also a Smithsonian Affiliate.\n \nThis new attraction, which opens on 10 June 2019, will provide visitors to the U.S. Space and Rocket Center the opportunity to experience the moon landing within virtual reality using a shortened version of the Company's showcase Apollo 11 VR experience. Visitors can purchase tickets for this experience at any one of 15 stations at circa US$10-15 and VR Education will benefit from this through a revenue share negotiated as part of the Agreement.\n \nApollo 11 VR chosen by Facebook as part of Oculus Anywhere Programme\n \nThe Group also announces that Apollo 11 VR has been chosen by Facebook as part of the Oculus Anywhere Programme. This programme is designed to deliver the best-in-class demo experience of Oculus Quest, Oculus Rift S, Oculus Rift and Oculus Go in a branded kiosk, with hardware and software, and staffed by Oculus Brand Ambassadors. These are the demo experiences that will be on show at conferences like Sundance, PAX, F8, GDC. Each of the demo events are approved by Oculus marketing, and the content is curated from their list of pre-approved apps.\n \nDavid Whelan, CEO of VR Education, said:\n \n\"We are delighted to be working with the U.S. Space and Rocket Center where this year they are expecting over one million visitors to walk through their doors. The Center has given us a prime location within the museum where visitors can participate in the Apollo 11 VR experience....