TIDMDEV
RNS Number : 7503U
Dev Clever Holdings PLC
07 December 2021
For Immediate release 7 December 2021
Dev Clever Holdings plc
("Dev Clever", the "Company" or the "Group")
Dev Clever enters into China with material contract win
Deployment of 20,000 VR devices pre-installed with the Group's
Immersive STEM learning library
Dev Clever, a leading developer of online and immersive career
guidance, learning and development platforms, is pleased to
announce a material contract from Question What's Real ("QWR"), an
Asia-based VR hardware manufacturer and distributor operating on
behalf of the Chinese Academy of Sciences ("CAS"). The contract is
for an initial 20,000 VR devices to be deployed to users in China,
pre-installed with the Group's immersive STEM learning library.
The initial devices will begin to be distributed shortly after
the Chinese New Year in February 2022. The Company will receive
US$150 per device on an annual recurring SaaS subscription-basis.
Subject to the success of the initial roll-out, there is an option
to extend the partnership to include between 15,000 and 30,000
additional devices in 2022. In addition to the immersive STEM-based
content, the VR headsets will also incorporate a healthcare app,
developed by QWR and CAS, with the objective of reducing myopia
through the use of VR.
Background on CAS and QWR
CAS, in conjunction with the Chinese Academy of Engineering -
collectively known as the 'Two Academies' - functions as the
national scientific think tank and academic governing body,
providing advisory and appraisal services on issues stemming from
the national economy, social development, and progress in science
and technology.
CAS and the Jiangxi Provincial People's Government jointly
established the 'Jiangxi Industrial Technology Innovation and
Incubation Center of the Chinese Academy of Sciences'. This focuses
on the major scientific and technological needs of Jiangxi's
economic and social development. Nanchang, the capital of Jiangxi
Province, is being positioned as the 'VR capital of the world'.
QWR, is a leading manufacturer, developer and distributor of
cutting-edge immersive VR, AR, and MR devices and experiences with
operations in multiple countries globally from Asia.
Chris Jeffries, CEO of Dev Clever, commented:
"As Dev Clever continues its global expansion, with a presence
now in North America, India, the UK and the United Arab Emirates,
we are very pleased to be adding a partnership in China.
"China, as one of the largest education markets in the world,
has led education VC investment growth over the past five years and
we are excited to be working with both CAS and QWR to further
education in the sciences. CAS has an outstanding reputation and we
are delighted to be partnering with such an esteemed international
institution.
"As the world continues to emerge from the COVID-19 pandemic, we
are seeing a marked increase in enquiries for our products and
services from educational authorities globally. We are excited
about the expansion of our pipeline and look forward to growing our
presence in China and beyond."
-ends-
For further information please contact:
Dev Clever Holdings plc
Christopher Jeffries
Chief Executive Officer and Executive
Chairman
Nicholas Ydlibi
Chief Financial Officer +44 (0) 1827 930 408
Novum Securities Limited - Financial Adviser and Broker
David Coffman / Colin Rowbury +44 (0) 20 7399 9400
Buchanan Communications
Richard Oldworth / Chris Lane +44 (0) 207 466 5000
Notes to Editors:
About Dev Clever
Dev Clever Holdings plc, together with its wholly owned
subsidiaries, is a software and technology group based in Tamworth,
United Kingdom, specialising in the use of lightweight integrations
of cloud-based VR and gamification technologies to deliver rich
customer engagement experiences across both the education and
commercial sectors. In January 2019, Dev Clever listed on the
Standard List of the London Stock Exchange. The Group's core focus
is the development and commercialisation of its core platforms -
Educate (its primary focus) and Agency Services (its secondary
focus).
Educate Division:
Through Educate, Dev Clever aims to reduce the global skills
shortage by delivering an enhanced careers guidance service via its
online platform, Launchmycareer.com, and virtual reality software
(Victar VR). The business has established a global partnership with
Lenovo to roll out its service worldwide, with offerings already on
the market in the UK, US, and Canada. Dev Clever is also focused on
the Indian market and has partnered with its National Independent
Schools Alliance (NISA) and content provider Veative to provide a
comprehensive service offering within Indian budget private
schools. Through this, the business has been developing and has
launched a direct-to-consumer offering in India.
Agency Services:
The Company's Agency Services division provides customers from
the retail, brand and hospitality sectors with bespoke application
and customisation of the Group's proprietary cloud-based products
to incentivise consumer participation, increase engagement, improve
transactional efficiencies, and enhance the user experience. The
wealth of experience gained having successfully provided hundreds
of digital consumer and employee incentive experiences for global
brands, businesses, and educators via the Company's proprietary
platform, Engage, is now focused on enabling employers to better
engage with existing employees to up-skill them and to identify
their future workforce via the Launchmycareer.com platform. The
division is being re-branded to Launchmycareer.com Professional
Services.
For further information, please visit
www.devcleverholdingsplc.com
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