MLVIR Virtualware 2007 SA

Bilbao, Spain, March 20, 2024.- Virtualware (EPA: MLVIR), the European leader in virtual reality has signed a partnership agreement with the Orlando-based development studio 302 Interactive to boost VIROO's presence in the US.

302 Interactive founded in 2014, by Kyle Morrand, has undertaken several impactful projects, including developing a VR physical therapy program for children and creating accessibility solutions for individuals with low vision. The company's projects range from educational AR products to immersive driver training systems for the U.S. Marine Corps, showcasing its versatility and commitment to making a positive difference in people's lives.

This agreement signifies a new step forward in their mission to leverage immersive technologies for solving real-world problems.  By combining 302 Interactive's expertise in augmented reality, virtual reality, and game design with the VIROO all-in-one Enterprise VR platform, they aim to revolutionize the digital user experience landscape in the US market. 

The Digital User Experience Lab has formally become a part of VIROO's partner program, increasing the total membership to nearly 20 companies. In addition, 302 Interactive will unveil the first VIROO room in Orlando. This VR space will allow users to experience full interaction in the same VR environment with multiple users at the same time.

"VIROO offers a turn-key solution for enterprises to deploy high-fidelity room-scale VR." In Kyle's opinion, "The applications for VIROO are wide-ranging, from training, simulations, to location-based entertainment. The platform is flexible and scalable."

302 Interactive, specializes in using augmented reality, virtual reality, and other technologies to address real-world challenges across various industries, applying game design principles to tackle issues in healthcare, education, and entertainment, among others.

"Establishing a direct presence and implementing targeted initiatives in the US market is critical to achieving our growth objectives. It is our target market in 2024 for our expansion and this agreement will accelerate our market penetration strategy” says John Cunningham, Virtualware US president.

Headquartered in Bilbao, Spain, Virtualware is a global pioneer in developing virtual reality solutions for major industrial, educational, and healthcare conglomerates. Since its founding in 2004, the company has garnered widespread recognition for its accomplishments. In 2021, Virtualware was acknowledged as the world’s most Innovative VR Company and since April 2023 the company has been listed on the Euronext Access Paris stock exchange (Ticker: MLVIR).

Virtualware’s flagship product, VIROO, is redefining the realm of enterprise VR, driving its adoption forward, leveraging innovative and sustainable strategies. Recognized for its pioneering approach in the immersive technology sector, VIROO is rapidly becoming the global benchmark for the development and deployment of multi-user VR applications in industry and education.

The VR as a service platform is already used by over 40 companies and institutions worldwide including GE Vernova, Ontario Power Generation, Gestamp, ADIF, the Spanish Ministry of Defense, Invest WindsorEssex, McMaster University, University of El Salvador, Conalep and EAN University. 

Safe Harbor

This document is only provided for information purposes and does not constitute, nor should it be interpreted as, an offer to sell or exchange or acquire, or an invitation for offers to buy securities issued by any of the aforementioned companies. Any decision to buy or invest in securities in relation to a specific issue must be made solely and exclusively on the basis of the information set out in the pertinent prospectus filed by the company in relation to such specific issue. No one who becomes aware of the information contained in this report should regard it as definitive, because it is subject to changes and modifications.

This document contains or may contain forward looking statements regarding intentions, expectations or projections of Virtualware 2007, S.A. (“Virtualware” or the “Company”) or of its management on the date thereof, that refer to or incorporate various assumptions and projections, including projections about the future earnings of the business. The statements contained herein are based on our current projections, but the actual results may be substantially modified in the future by various risks and other factors that may cause the results or final decisions to differ from such intentions, projections or estimates. These factors include, without limitation, (1) the market situation, macroeconomic factors, regulatory, political or government guidelines, (2) domestic and international stock market movements, exchange rates and interest rates, (3) competitive pressures, (4) technological changes, (5) alterations in the financial situation, creditworthiness or solvency of our customers, debtors or counterparts. These factors could cause or result in actual events differing from the information and intentions stated, projected or forecast in this document or in other past or future documents. Virtualware does not undertake to publicly revise the contents of this or any other document, either if the events are not as described herein, or if such events lead to changes in the information contained in this document. This disclaimer needs to be taken into account by those persons which may take a decision over the base of this document or to elaborate or disseminate opinions based hereof. This document may contain summarised information or information that has not been audited. This document is confidential and it cannot be revealed or disclosed to third parties different from the original recipients, even partially, without Virtualware’s prior consent.

Virtualware 2007 (EU:MLVIR)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024

Virtualware 2007 (EU:MLVIR)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024