Engage XR Holdings (CDI) (EXR)

  • Change Today:
  • 52 Week High: 19.50
  • 52 Week Low: 10.25
  • Currency: UK Pounds
  • Shares Issued: 290.45m
  • Volume: 12,499
  • Market Cap: £33.26m
  • RiskGrade: 165

VR Education to launch on new Deutsche Telekom virtual reality product

By Josh White

Date: Wednesday 04 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Virtual reality (VR) technology company VR Education announced on Wednesday that its 'ENGAGE' platform has been selected as one of a handful of titles to be a launch application for a new 5G VR head-mounted display currently being developed in partnership with Deutsche Telekom, Qualcomm Technologies and XRSPACE.
The AIM-traded firm said it was anticipated that the new 5G VR head-mounted display, which would be lighter and less bulky than its predecessors and due for launch in mid-2020, would deliver a "significant boost" to the VR ecosystem through its low latency attributes.

It said the new product would allow consumers to experience a "metaverse", where the virtual and real-world "blur", adding that instead of moving a cursor across a grid of icons to open applications as in current VR experiences, the device would offer a novel user interface where users were represented as a real-life looking avatar, as they navigated a virtual world.

The new offering would be distributed exclusively through global telecom operators, and initially include a VR head-mounted display powered by a Qualcomm Snapdragon Mobile VR Platform, with content spanning communication, social, education, media, shopping, and entertainment.

"VR and augmented reality (AR) technology up to now has only appealed to very large corporations for training and the hardcore video game community," said VR Education chief executive officer David Whelan.

"5G deployment is about to change this mindset allowing for more immersive experiences, faster streaming services and smaller end user devices making a currently niche product appeal to a mass market."

Whelan said the new 5G VR device was much smaller and lighter than what the company had seen in the past from other manufacturers, adding that the technology was "definitely in touching distance" of where headsets would have the same form as standard glasses.

"Having a leading telecom company such as Deutsche Telekom push forward with an XR offering for their new 5G customers is a welcome development and ENGAGE being part of this push on the corporate training and education side is very exciting."

At 1043 GMT, shares in VR Education were down 3.75% at 7.7p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.


EXR Market Data

Currency UK Pounds
Share Price 11.45p
Change Today -0.30p
% Change -2.55 %
52 Week High 19.50
52 Week Low 10.25
Volume 12,499
Shares Issued 290.45m
Market Cap £33.26m
RiskGrade 165

EXR Star Ratings

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EXR Dividends

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Trades for 17-May-2022

Time Volume / Share Price
16:35 9,999 @ 11.45p
11:44 1,000 @ 11.90p
10:38 500 @ 11.21p
08:08 1,000 @ 11.15p

EXR Key Personnel

CEO David Patrick Whelan
COO Sandra Margaret Whelan
CFO Séamus Patrick Larrissey

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