28 September 2022

ENGAGE XR Holdings Plc

("ENGAGE XR" or the "Group")

ENGAGE XR to collaborate with Lenovo

Lenovo confirmed as ENGAGE Link launch partner

Global Technology Company, Lenovo™ has announced the launch of a new all-in-one virtual reality (VR) headset engineered for enterprise customers called The Lenovo ThinkReality VRX.  As part of the launch, Lenovo also confirmed it is collaborating with ENGAGE XR to help build its own Lenovo Metaverse space utilizing the ENGAGE platform.

ENGAGE XR will help build and offer a Lenovo presence within the Metaverse using ENGAGE Link.  ENGAGE Link is ENGAGE's enterprise-focused metaverse set to launch later this year.  Lenovo is one of the five confirmed launch partners for ENGAGE Link. The others announced so far include HTC and The Virtual Human Interaction Lab at Stanford University. The Group has also announced a multi-national professional services firm and a leading publisher and education company as launch partners and would expect to provide further details closer to the release date of ENGAGE Link. 

The Lenovo space within ENGAGE Link will be an 'always on' virtual home for Lenovo to showcase its products and solutions as well as being a location to meet and collaborate with partners and customers directly.

The ENGAGE Link platform will allow clients to have publicly accessible, always-on, persistent locations to advertise their business and services directly to the general public and to potential clients. Clients can build their own unique Metaverse services for private company use or make them available to the wider world on ENGAGE Link, or via their own website, using our deep links system. This enables ENGAGE customers the ability to build new business models and revenue streams.

The Lenovo ThinkReality VRX is built to be the VR solution for workers everywhere.  From improving efficiency in employee training and virtual collaboration to expanding design and engineering tasks in 3D, XR technologies are becoming ever more important for businesses especially in enabling hybrid workers to do more.   The headsets will be available in select markets worldwide starting in early 2023. The price for the enterprise VR solution will be disclosed upon availability. 

David Whelan, CEO, ENGAGE XR said: "The launch of The Lenovo ThinkReality VRX shows the growing anticipation that more and more work will be done in the Metaverse. While other technology companies have focused on the social and entertainment opportunities, Lenovo has identified the huge benefits for enterprises utilizing the metaverse to engage with employees, customers and suppliers around the world. We are delighted that they have chosen ENGAGE to build their presence within the Metaverse."

Vishal Shah, GM of XR and Metaverse, Lenovo, said: "We engineered the Lenovo ThinkReality VRX to be the VR solution of choice for training and collaborating in immersive 3D. Collaborating with ENGAGE demonstrates the power of these use cases and the ability of ThinkReality to help customers scale into Enterprise Metaverse." 

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

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About ENGAGE XR

ENGAGE XR Holdings plc (AIM: EXR; Euronext Growth: EXR) is a virtual reality ('VR') technology company focused on becoming a leading global provider of virtual communications solutions through its proprietary software platform, ENGAGE. ENGAGE provides users with a platform for creating, sharing, and delivering VR content for education, training, and online events through its three solutions: Virtual Campus, Virtual Office, and Virtual Events. 

ENGAGE is currently developing a new fully featured corporate metaverse, ENGAGE Link, with the launch expected in the final quarter of 2022.

EXR is listed on AIM in London and on the Euronext Growth Market in Dublin, a market operated by Euronext Dublin. 

For further information, please visit: www.engagexrholdings.com (LinkedIn: @Engage XR Holdings plc Twitter: @engage_xr)

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$70 billion revenue global technology powerhouse, ranked #171 in the Fortune Global 500, employing 75,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver smarter technology for all, Lenovo has built on its success as the world's largest PC company by further expanding into key growth areas including server, storage, mobile, solutions and services. This transformation together with Lenovo's world-changing innovation is building a more inclusive, trustworthy, and sustainable digital society for everyone, everywhere. To find out more visit https://www.lenovo.com,and read about the latest news via our StoryHub.