The Glimpse Group Announces Multiyear Virtual Reality Software License and Services Partnership with Edstutia
July 15 2021 - 8:30AM
via NewMediaWire -- Adept XR, a wholly owned subsidiary of The
Glimpse Group, Inc. (NASDAQ: VRAR; “Glimpse”), and a provider of
Virtual Reality (VR) and Augmented Reality (AR) corporate learning
and training software & services solutions, today announced a
multiyear, six figure software license and services relationship
with online modular higher education alternative company,
Edstutia.
By leveraging Adept XR’s (https://adeptxr.com/)
VR software platform - Elevate - Edstutia plans to build a unique,
first of its kind, immersive VR campus to enhance learning
experiences, presentations, classroom discussions, as well as
immersive video “road trips” and simulations. The first VR campus
is scheduled to launch in Edstutia’s Fall semester on October
2021.
“I believe VR and AR will completely reshape how
people learn,” said Edstutia Founder & Chief Executive Officer,
Christine Janssen, PhD. “The immersive experiences that Adept XR
creates revolutionize traditional learning in a classroom, which
typically rely on passive and remote learning.”
Dr. Janssen continued, “I have worked with
Glimpse in different professional capacities over the last two
years and experienced first-hand the power of Adept XR’s Elevate VR
platform for classroom engagement. The capabilities and
possibilities that VR opens to improving the student experience and
educational impact are incredible.”
Lyron Bentovim, Chief Executive Officer of The
Glimpse Group, commented, “Edstutia is at the forefront leveraging
technology and experiential learning to disrupt traditional
antiquated learning methods in higher education. We are
excited to partner with Christine and Edstutia to help them achieve
their goal of building a next generation, first-of-its-kind,
virtual campus for higher learning. Glimpse continues to work
with several other universities on the application of VR and AR to
improve the learning experience.”
About Adept XR
Adept Reality, LLC (dba Adept XR), a subsidiary company of the
AR/VR company The Glimpse Group, Inc. (Nasdaq: VRAR) combines
learning science, cutting edge technology, and a unique position in
the VR industry to bring amazing solutions to today’s toughest
learning challenges. Adept XR offers immersive learning solutions
for both higher education, and corporate training;
www.adeptxr.com
About Edstutia:
Edstutia is a learning platform for the 21st
century, disrupting the antiquated status quo of higher education.
Edstutia is an online, modular education alternative positioned at
the intersection of business and technology, and was designed to
make higher education more relevant, affordable, and accessible.
Experiential learning is at the heart of Edstutia – from engaging,
hands-on projects to a contemporary apprenticeship program to
immersive experiences in the world’s first campus in virtual
reality. Edstutia promotes skills over scores and was developed to
address the skills gap in the U.S. by bringing value to students,
employees and employers alike.
Edstutia was founded in December 2020 in New
York City by Christine Janssen, PhD, who has nearly two decades of
relevant experience and has earned various awards for her
future-forward vision of Higher Education. For more information,
visit http://edstutia.com
About The Glimpse Group, Inc.
The Glimpse Group (NASDAQ: VRAR) is a
diversified Virtual and Augmented Reality platform company,
comprised of multiple VR and AR software & services companies,
and designed with the specific purpose of cultivating companies in
the emerging VR/AR industry. Glimpse's unique business model
simplifies challenges faced by VR/AR companies and creates a robust
ecosystem, while simultaneously providing investors an opportunity
to invest directly into the emerging VR/AR industry via a
diversified platform. For more information on The Glimpse Group,
please visit www.theglimpsegroup.com
Safe Harbor Statement
This press release does not constitute an offer
to sell or a solicitation of offers to buy any securities of any
entity. This press release contains certain forward-looking
statements based on our current expectations, forecasts and
assumptions that involve risks and uncertainties. Forward-looking
statements in this release are based on information available to us
as of the date hereof. Our actual results may differ materially
from those stated or implied in such forward-looking statements,
due to risks and uncertainties associated with our business.
Forward-looking statements include statements regarding our
expectations, beliefs, intentions or strategies regarding the
future and can be identified by forward-looking words such as
“anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,”
“may,” “should,” and “would” or similar words. All forecasts are
provided by management in this release are based on information
available at this time and management expects that internal
projections and expectations may change over time. In addition, the
forecasts are entirely on management’s best estimate of our future
financial performance given our current contracts, current backlog
of opportunities and conversations with new and existing customers
about our products and services. We assume no obligation to update
the information included in this press release, whether as a result
of new information, future events or otherwise.
Company Contact:Maydan RothblumCFO & COOThe Glimpse
Group, Inc.(917) 292-2685maydan@theglimpsegroup.com
Investor Relations:Mark Schwalenberg, CFADirectorMZ Group
– North America312-261-6430Glimpse@mzgroup.uswww.mzgroup.us
Glimpse (NASDAQ:VRAR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Glimpse (NASDAQ:VRAR)
Historical Stock Chart
From Sep 2023 to Sep 2024