7 November 2022

ENGAGE XR Holdings Plc

("ENGAGE XR" or the "Group")

New metaverse product - ENGAGE Link - officially launched

Investor Presentation

Major organisations including Lenovo, KPMG US, KIA, Adtalem, MTN Group and musical icon, FatBoy Slim join a portfolio of 14 launch partners

ENGAGE XR Holdings Plc (AIM: EXR; Euronext Growth: EXR), a virtual reality ('VR') technology company, is pleased to confirm the official launch of its new metaverse product, ENGAGE Link today. The launch completes the transformation of the Group into a metaverse technology company.  

ENGAGE Link has been developed by the Group as a metaverse platform designed for corporations, professionals, education organisations, and event organisers. ENGAGE Link has been designed to allow the Group's wide-ranging customer base to use the metaverse to create their own virtual worlds so as to provide services directly to their own clients and also to engage with employees and suppliers. Here is the latest demonstration: https://youtu.be/FM798SSv9rE

ENGAGE Link is an evolution of the Group's successful immersive communications platform, ENGAGE which has grown to serve more than 180 commercial customers in the three years since its launch in 2019.

ENGAGE Link is a publicly explorable persistent metaverse world where users can visit and socialise with other professionals and visit client-made virtual locations to take part in meetups, training days, product launches, demonstrations, and events, including full-length concerts.  ENGAGE Link is expected to be used extensively for private events, stakeholder communications, education, and training.

ENGAGE Link is divided into locations called Plazas, and the Group has secured 14 launch partners who have set up or are in the process of building their metaverse locations within the platform. The Group has previously announced Lenovo, HTC and The Virtual Human Interaction Lab at Stanford University as launch partners but are delighted that new blue chip enterprise clients such as Kia and KPMG US have also joined as launch partners. The initial plazas are as follows:

·    Enterprise Plaza - for corporations and professionals which includes HTC, KIA, KPMG US, Lenovo, MTN, and Victory XR.

·    Education Plaza - primarily a location for educational institutions and organisations including Optima Ed, Adtalem, the University of Miami Patti and Allan Herbert Business School, Stanford University and Victory XR. ENGAGE Link is already being used as a location for 10 Meta-funded "Metaversities" providing education to thousands of students in the US working with other virtual schools around the globe.

·    Creative Plaza - a location for brands, artists, content studios and creatives. The creative plaza will showcase some of the most creative and boundary pushing ideas in the metaverse. This includes artists such as FatBoy Slim (a.k.a Norman Cook) who will be performing a full-length virtual concert in ENGAGE Link early in 2023.

·    Central Plaza - the starting point for new visitors to the ENGAGE Link metaverse. It will be used as a meeting point and event space. Visitors can simply walk-through portals to other locations within the ENGAGE metaverse.

David Whelan, CEO, ENGAGE XR said: "The launch of ENGAGE Link is a huge moment for the Group. We are now a leading metaverse technology company that can help make the metaverse strategies of leading global organisations a reality. While other metaverses have focused on the social, advertising and entertainment opportunities, we have focused on creating a platform that will allow companies to better engage with their employees, customers, and suppliers around the world, and educational institutions to engage with their students.

"With a greater focus than ever before on sustainability and hybrid working, the stage is set for the professional metaverse to change how companies conduct business, and how they communicate with employees, customers, and each other. ENGAGE XR aims to be at the forefront of this revolution as we lead the way in terms of enterprise and education applications for the metaverse."

You can read more of David's thoughts on the development of the metaverse and ENGAGE Link here: https://engagevr.io/metaverse-an-evolution-of-the-internet/

Jason McGuigan, Head of Commercial VR, Lenovo, said: "As the enterprise metaverse changes how we do business, Lenovo is creating cutting-edge solutions like the ThinkReality VRX so our customers can adopt and scale immersive experiences for work. Lenovo's presence on ENGAGE Link is a valuable opportunity to interact with customers, developers and leaders from the XR industry to explore and create value together."

Dr. Jeremy Bailenson, founding director of Stanford University's Virtual Human Interaction Lab, said: "The Stanford Virtual Human Interaction Lab is excited to announce that we will be a launch partner on ENGAGE Link.  We have had a long standing and mutually beneficial relationship with ENGAGE, having utilized the ENGAGE platform extensively for experiential education, collaboration, creation and research.  We are happy to partner with ENGAGE Link to explore and help shape the opportunities a persistent, virtual ecosystem designed for professionals, creatives and educational institutions, in which any experience may be made possible, might provide." 

Investor Presentation

ENGAGE XR is pleased to announce that CEO, David Whelan and Chris Madsen, Senior Sales Engineer will showcase ENGAGE Link to all existing and potential shareholders on 10 November 2022 at 2:00pm GMT.

Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Engage XR via:

https://www.investormeetcompany.com/engage-xr-holdings-plc/register-investor

For further information, please contact:

About ENGAGE XR

ENGAGE XR Holdings plc (AIM: EXR; Euronext Growth: EXR) is metaverse technology company focused on becoming a leading global provider of virtual communications solutions through its new fully featured corporate metaverse, ENGAGE Link.

The Company also has a 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. 

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)