Business
ENGAGE signs multi-year licence agreement
ENGAGE signs multi-year licence agreement.
About this update from Engage Xr Holdings Plc
[{"type":"text","content":"\n \n \n RNS Number : 4574S\n VR Education Holdings PLC\n 09 July 2020\n \n \n \n \n \n \n \n \n For immediate release\n \n \n \n \n 9 July 2020\n \n \n \n \n \n \n \n \n \n VR Education Holdings plc\n \n \n ('VR Education' or the 'Group')\n \n \n \n \n \n ENGAGE signs multi-year enterprise licence agreement with Tokyo Global Gateway\n \n \n \n \n \n VR Education (AIM: VRE; Euronext Growth: 6VR), a leading virtual reality ('VR') technology company focused on the education and enterprise training space, is pleased to announce that the Group has signed a multi-year enterprise licence agreement with Tokyo Global Gateway ('TGG') for use of the Group's proprietary ENGAGE platform, effective from 1 September 2020. The agreement comprises an initial one-off fee for custom work alongside annual software licence fees.\n \n \n \n \n \n TGG is a large-scale experience-oriented English-education facility, managed and operated by a consortium of five private-sector entities appointed by the Tokyo Metropolitan Board of Education (TBoE). A majority shareholder of TGG is Gakken holdings co., Ltd. which is a leading educational service and content provider in Japan, whose aims are to contribute to educational reform in Japan via innovative solutions.\n \n \n \n \n \n VR Education's ENGAGE platform is a world leading education, training and communications tool used by educators and enterprise clients to provide remote training, distance learning and, most recently, as a platform to provide global virtual events.\n \n \n \n \n \n The agreement will see TGG use VR Education's ENGAGE platform to teach Japanese students and corporate clients how to speak English in everyday travel situations - such as arriving at an airport, checking into a hotel or ordering food at a restaurant. The use of VR in a series of set locations, designed to simulate scenarios during a foreign trip, provides students with familiar surroundings as they learn how to speak English fluently. The use of the ENGAGE platform enables TGG to expand its existing facilities digitally and provide more complex locations and situations with relative ease. Global Sky Education, Ltd., a cutting-edge learning design consultancy, will be supporting TGG by taking a role in VR learning development and execution of this landmark project. \n ...