DEV.L Regulatory News (DEV)

29 April 2020

Dev Clever Holdings plc

("Dev Clever" or "the Company")

Three-year exclusive worldwide partnership contract with Lenovo

Dev Clever, a leading developer of mobile and immersive experiences, is pleased to announce that it has now formally entered into a three-year exclusive worldwide partnership contract with Lenovo Group Limited ("Lenovo").

The partnership covers Dev Clever's careers guidance platforms, Launchyourcareer.com and VICTAR VR, which form part of Lenovo's new and comprehensive offering for the online education sector.

Today's announcement represents the formalisation of legal and commercial terms in line with the actual product launch and follows the initial Heads of Terms Agreement that the Company signed with Lenovo in September 2019. As part of the collaboration, the VICTAR VR application will be pre-installed on all Lenovo VR Classroom devices (as a part of the Lenovo VR Classroom V2 solution) and the Launchyourcareer.com analytic subscription will be sold as a complete package to educational institutions globally.

Lenovo launched its new product in the United States on 1 April 2020 and it is anticipated to be rolled out to other territories with localised versions of Launchyourcareer.com and VICTAR VR as they become available. This complete solution is now being taken to market via Lenovo's global network of vertical sales teams, distributors and resellers.

In addition, the Company's two bespoke platforms, VICTAR VR and Launchyourcareer.com, will also be sold as a standalone product to be known as 'The VR Career Launcher'. This includes a SaaS-based subscription fee for the software from Dev Clever and a Mirage S3 VR Headset from Lenovo. The VR Career Launcher product is a scalable solution which is designed to be a soft introduction of VR learning within schools and its aim is to achieve high levels of early adoption.

Dev Clever is currently presenting to a large number of Lenovo distributors and resellers and it is anticipated that material put through volumes will start to crystalise during the latter part of the 2020 calendar year.

Chris Jeffries, CEO Dev Clever said:

"The agreement with Lenovo, a leading manufacturer and provider of technology and innovation to the global education market, is a testament to our comprehensive service platform and I am delighted that we are partnering with such a well-known market leader.

This partnership enables us to offer our bespoke service capabilities to educational institutions globally and with the dedicated partnership support delivering our software at scale.

To date, the product has been well received in the US market and we look forward to updating shareholders accordingly as we commence activation in other geographies alongside Lenovo in the future."

 Richard Henderson, Director of Global Education Solutions, Intelligent Devices Group, Lenovo said:

 "Lenovo is delighted to collaborate with Dev Clever to deliver a truly ground-breaking Careers Guidance offering to schools as part of our VR Classroom solution. Together, we provide a unique mechanism to address the needs of pupils as they embark on their career journey. Dev Clever offers an engaging and immersive VR experience for pupils, and a strong analytics engine for career guiders in schools, which fully supports Lenovo's objective to empower personalized education and prepare students for a smarter future."

Notes to Editors

Dev Clever Holdings plc, together with its wholly owned subsidiary DevClever Limited, is a software and technology group based in Tamworth, United Kingdom, specialising in the use of lightweight integrations of cloud-based gamification and VR technologies to deliver rich customer engagement experiences across both the commercial and education sectors. The Group's core focus is the development and commercialisation of its three core platforms:

Educate

A careers guidance and recruitment solution that offers secondary schools, colleges, universities, apprenticeship providers and employers with a range of digital products to more efficiently recruit and develop applicants and skills within their institutions and organisations.

Within Agency Services:

Engage: A cloud-based gamification solution that offers brands and retailers a range of products to drive higher levels of consumer engagement via the use of digitally redeemable incentives at the same time as fully controlling spend.

Experience: A multi-user virtual reality (VR) framework and augmented reality framework that enables customers of our Engage and Educate channels to extend their customer and student experiences through VR.

On 21 January 2019, Dev Clever listed on the Standard List of the London Stock Exchange.

For further information, please visit www.devcleverholdingsplc.com

LENOVO is a trademark of Lenovo.

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