Business
Launch of Lenovo’s new VR headset
Launch of Lenovo’s new VR headset.
About this update from Engage Xr Holdings Plc
[{"type":"text","content":"\n\nReach\n \n1 June 2023\n \nENGAGE XR Holdings Plc\n(\"ENGAGE XR\" or the \"Group\")\n \nLaunch of Lenovo's new VR headset\n \nENGAGE XR Holdings Plc (AIM: EXR), a leading metaverse technology company, is pleased to announce that, further to the announcement made on 28 September 2022, Lenovo™'s new ThinkReality™ VRX all-in-one virtual reality (VR) headset engineered for enterprise customers, ENGAGE XR's target market, will be available for purchase in select markets worldwide, commencing June 2023. \n \nLenovo is one of the world's largest computer manufacturing and smartphone companies, and the ENGAGE proprietary software platform will be available on the new headset.\n \nAs previously announced, the partnership agreement with Lenovo covers the resale and distribution of end-user licenses by Lenovo of the ENGAGE software on the new Lenovo headsets. Over the last few months, the Group has trained and worked with Lenovo's sales team. The launch of the headsets opens a new route to market for ENGAGE and its software as the Lenovo global sales team actively look to sell the Group's technology and metaverse production capabilities directly to their enterprise clients.\n \nDavid Whelan, CEO, ENGAGE XR said: \"We are confident that having secured Lenovo as a channel partner in September 2022, the launch of the new headset will enable us to grow our international reach and customer base. As the headset becomes available in selected markets, we anticipate seeing further revenue growth during the second half of 2023. Lenovo has a large global market share in enterprise and education, which is ENGAGE's target market, and it should be a fruitful partnership for both parties. We continue to believe this partnership will help establish ENGAGE as the business platform of choice for these organisations.\"\n \nFurther details about the headset can be found here: https://news.lenovo.com/pressroom/press-releases/thinkreality-vrx-now-available-select-markets-worldwide/\n \n\n \n \n \n \n \nFor further information, please contact:\n \n\n\n\nENGAGE XR Holdings Plc\nDavid Whelan, CEO\nSéamus Larrissey, CFO\nSandra Whelan, COO\n \n\n\nTel: +353 87 665 6708\[email protected]\n\n\n\n\nfinnCap Ltd (Nominated Adviser & Joint Broker)\nMarc Milmo/...