Immotion Group PLC Concession Update
May 30 2019 - 2:01AM
RNS Non-Regulatory
TIDMIMMO
Immotion Group PLC
30 May 2019
30 May 2019
Immotion Group plc
("Immotion Group", the "Company")
Concession Update
Immotion Group, the UK-based immersive virtual reality ("VR")
'Out of Home' entertainment business, is pleased to announce,
following the initial success of its "Blue Ocean' VR cinematic pod
installations, the signing of a number of additional Concession
agreements, including its first zoo.
The new locations are Mote Marine Laboratory ("Mote") in
Sarasota, Florida, and Santa Barbara Zoo. Mote, established in
1955, is one of the oldest aquariums in the USA, with a staff of
over 200 people on a 10.5-acre estate, serving some 344,000 annual
visitors. Santa Barbara Zoo is the Company's first deployment in a
zoo, a 30-acre site housing over 500 animals with circa 500,000
visitors per annum.
These new additions join several other aquariums including:
OdySea in Scottsdale, Arizona, which recently featured on FoxNews -
https://on.frame.io/YdS5xLXV, Norwalk in Connecticut, and Merlin
Entertainment's SeaLife centres in Sydney, and Melbourne, both of
which opened their VR offering to the public last week, and SeaLife
in Oberhausen, Germany, which opened a few weeks ago.
Rod Findley, Group Commercial Director said: "We continue to
hone our aquatic offering.
Our latest experience, 'Swimming with Sharks' filmed in the
Bahamas, will be released shortly plus we have two more subsea CGI
experiences being loaded on to our cinematic pods this month.
Initial customer feedback has been overwhelmingly positive, with
very encouraging early trading across all the aquatic centres.
"As we develop our business model, we will focus more of our
efforts on perfecting our VR cinema pods for high footfall
destination locations such as Aquatic Centres and zoos. Our
experiential content is quickly become renowned for its immersive
quality and realism.
"Our concession model offers a compelling and flexible
opportunity for high traffic 'edutainment' destinations, such as
aquariums, zoos and science centres. We believe this is a global
opportunity and will be putting considerable focus into growing the
installed base and developing our offering over the coming
months."
Enquiries:
Immotion Group Martin Higginson Tel: +44 (0) 161 235
8505
WH Ireland Limited Adrian Hadden Tel: +44 (0) 207 220
(Nomad and Joint Broker) Jessica Cave 1666
Newgate Communications Elisabeth Cowell Tel: +44 (0) 20 3757
(Financial PR) Robin Tozer 6880
Immotion@newgatecomms.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRALKLLLKEFBBBE
(END) Dow Jones Newswires
May 30, 2019 02:01 ET (06:01 GMT)
Immotion (LSE:IMMO)
Historical Stock Chart
From Jul 2024 to Jul 2024
Immotion (LSE:IMMO)
Historical Stock Chart
From Jul 2023 to Jul 2024