21 May 2020 07:00
Pires Investments plc
("Pires" or the "Company")
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VR Education Holdings plc raises additional funds of €3 million and enters into a partnership with HTC Corporation
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Pires is pleased to provide an update on its investment in Sure Valley Ventures ("SVV") in relation to VR Education Holdings plc ("VR Education"), a company within the SVV portfolio. VR Education is listed on AIM and Euronext Growth with ticker VRE and 6VR respectively.
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VR Education, a leading virtual reality technology company focused on the education and enterprise training space, announced that HTC Corporation ("HTC") has agreed to invest €3.0 million in the company and enter into a strategic partnership for the distribution and license of the company's ENGAGE platform globally through HTC enterprise sales channels.
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HTC's investment follows the success of the 2020 HTC VIVE Ecosystem Conference which was hosted on the company's ENGAGE platform in March 2020.
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Further details about VR Education can be found at www.vreducationholdings.com.
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A video interview with the founder and CEO of VR Education, David Whelan and Nicholas Lee, director of Pires, can also be found on the Pires website at www.piresinvestments.com.
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Pires has a circa 13% interest in SVV. SVV is a venture capital fund focused on investing in the software technology sector with a specific focus on artificial intelligence, the internet of things and augmented and virtual reality.
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Enquiries:
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Pires Investments plc Peter Redmond, Chairman Nicholas Lee, Director  |  Tel: +44 (0) 20 3368 8961 |
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Broker Peterhouse Capital Limited Duncan Vasey/Lucy Williams | Â Tel: +44 (0) 20 7469 0935 Tel: +44 (0) 20 7469 0936 Â |
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