Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
9 July 2020
one of 3
ENGAGE signs multi-year enterprise licence agreement with Tokyo Global Gateway
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.
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.
two of 3
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.
Commenting on the agreement, David Whelan, CEO of VR Education, said:
"Tokyo Global Gateway is a leading educational institute in Japan, which has one of the world's best-educated populations with 100% enrolment in compulsory grades and zero illiteracy. We're delighted to be further strengthening our reach in Asia by working with this prestigious institution backed by the Tokyo Metropolitan Board of Education. In light of the COVID-19 crisis and growing pressures on education systems across the globe, this multi-year enterprise agreement, which has been secured in line with management expectations, shows the strong and growing demand for ENGAGE's unique offering in the education, technology and XR space."
three of 3
Commenting on the agreement, Shoichiro Taniguchi, Chief Development Officer of TOKYO GLOBAL GATEWAY, said:
"We are very pleased to be able to introduce the VR Education ENGAGE platform to Japan. This is the first time for children in Japan to learn through VR. The ENGAGE platform will provide Japanese students with new learning experiences, new surprises, and even greater curiosity. TOKYO GLOBAL GATEWAY was founded by a corporate group which includes the largest educational company in Japan, the "GAKKEN GROUP". We believe that the VR learning experience provides a great opportunity to expand our operations, not only in English learning but in many subjects, and many sales channels."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
- Ends -
For further information, please contact:
VR Education Holdings plc
David Whelan, CEO
Sandra Whelan, COO
Tel: +353 87 665 6708
contact@vreducationholdings.com
Cairn Financial Advisers LLP (Nominated Adviser)
James Caithie / Liam Murray / Ludovico Lazzaretti
Tel: +44 (0) 20 7213 0880
Shard Capital Partners LLP (Joint Broker)
Damon Heath / Erik Woolgar
Tel: +44 (0) 20 7186 9952
Davy (Joint Broker & Euronext Growth Advisor)
Fergal Meegan / Ronan Veale / Barry Murphy
Tel: +353 1 679 6363
Buchanan (Financial PR)
Henry Harrison-Topham / Chris Lane / Tilly Abraham
Tel: +44 (0)20 7466 5000
VRE@buchanan.uk.com
TOKYO GLOBAL GATEWAY
Shoichiro Taniguchi, Chief Development Officer
Tel: +81 3 5962 4962
s.taniguchi@gakken.co.jp
Notes to Editors
VR Education, together with its wholly owned subsidiary, is a VR software and technology group based in Waterford, Ireland, dedicated to transforming the delivery methods of education and corporate training by utilising VR technologies to deliver fully immersive virtual learning experiences. The Group's core focus is the development and commercialisation of its online virtual social learning and presentation platform called ENGAGE, which provides a platform for creating, sharing and delivering proprietary and third-party VR content for educational and corporate training purposes.
In addition to the ongoing development of the ENGAGE platform, the Group has also built two downloadable showcase VR experiences, being the award-winning Apollo 11 VR experience and the Titanic VR experience.
On 12 March 2018, VR Education listed on the AIM market of the London Stock Exchange and on the Enterprise Securities Market, a market regulated by Euronext Dublin. For further information, please visit www.vreducationholdings.com.
Forward-Looking Statements
Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are b