The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVRE.L Share News (VRE)

  • There is currently no data for VRE

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

VR Education Collaborates For Launch Of New 5G Virtual Reality Device

Wed, 04th Dec 2019 12:20

(Alliance News) - VR Education Holdings PLC on Wednesday said its Engage platform has been selected for a new 5G virtual reality head mounted display.

The display is currently being developed in partnership with Deutsche Telekom AG, Qualcomm Technologies Inc and XRSPACE, and is expected to be launched in mid-2020.

The AIM-listed virtual reality technology company said the new display will redefine the way people connect, learn, socialise, play and collaborate. Instead of moving a cursor across a grid of icons to open applications as in today's virtual reality experiences, the device will offer a novel user interface where users are represented as a real-life looking avatar and navigate the virtual world.

"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," said VR Education Chief Executive David Whelan.

"This new 5G virtual reality device is certainly much smaller and lighter than what we have seen in the past from other manufacturers and we are definitely in touching distance of where virtual reality and augmented reality headsets will actually have the same form as standard glasses," added Whelan.

VR Education shares were trading 3.8% lower on Wednesday in London at 7.70 pence each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

More News
29 Oct 2021 21:20

TRADING UPDATES: Mattioli outlook promising; virus hits Grand Vision

TRADING UPDATES: Mattioli outlook promising; virus hits Grand Vision

Read more
21 Oct 2021 21:22

IN BRIEF: VR Education shareholders vote in favour of name change

IN BRIEF: VR Education shareholders vote in favour of name change

Read more
14 Oct 2021 16:09

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
1 Oct 2021 11:53

EXECUTIVE CHANGES: Ryanair taps Kingspan CFO; new Informa non-execs

EXECUTIVE CHANGES: Ryanair taps Kingspan CFO; new Informa non-execs

Read more
24 Sep 2021 14:19

IN BRIEF: VR Education proposes rebrand as Engage XR, pending EGM vote

IN BRIEF: VR Education proposes rebrand as Engage XR, pending EGM vote

Read more
14 Sep 2021 14:44

TRADING UPDATES: Staffline revenue rises, Petra Diamonds sees momentum

TRADING UPDATES: Staffline revenue rises, Petra Diamonds sees momentum

Read more
28 Jul 2021 18:07

TRADING UPDATES: United Oil & Gas in North Sea sale; Trifast confident

TRADING UPDATES: United Oil & Gas in North Sea sale; Trifast confident

Read more
28 Jul 2021 15:30

VR Education makes solid operational progress in first half

(Sharecast News) - Virtual reality (VR) technology company VR Education updated the market on its first half of trading on Wednesday, reporting that it had continued to trade in line with market expectations.

Read more
16 Jul 2021 16:11

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
22 Jun 2021 18:02

TRADING UPDATES: LPA Group wins contract; Good Energy trades in line

TRADING UPDATES: LPA Group wins contract; Good Energy trades in line

Read more
18 Jun 2021 13:18

IN BRIEF: VR Education raises GBP7.7 million through shares placing

IN BRIEF: VR Education raises GBP7.7 million through shares placing

Read more
18 Jun 2021 12:26

VR Education raises £7.7m for new sales and marketing focus

(Sharecast News) - Virtual reality technology company VR Education announced a successful, oversubscribed placing on Friday, raising £7.7m.

Read more
18 Jun 2021 10:51

AIM WINNERS & LOSERS: MediaZest surges on Vashi Covent Garden work

AIM WINNERS & LOSERS: MediaZest surges on Vashi Covent Garden work

Read more
4 Jun 2021 12:11

VR Education shares surge as software platform Engage nets big clients

VR Education shares surge as software platform Engage nets big clients

Read more
4 Jun 2021 11:27

AIM WINNERS & LOSERS: Origo Partners jumps after Gobi Coal stake sale

AIM WINNERS & LOSERS: Origo Partners jumps after Gobi Coal stake sale

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.