Immotion Group PLC Partnership update
September 10 2019 - 2:02AM
RNS Non-Regulatory
TIDMIMMO
Immotion Group PLC
10 September 2019
Immotion Group plc
("Immotion Group", "Immotion", the "Company")
Partnership update
Immotion Group, the UK-based immersive 'Out of Home'
entertainment group, is pleased to announce further development and
roll out of its partnership model.
As stated at the time of the recent placing, the Company is now
focused on the roll out of its partnership model into high footfall
locations. Trading in the current partner sites has been very
encouraging over the summer months, with aquariums continuing to
perform particularly strongly and overall there remains
considerable interest from potential new partners as well as
further developments with current partners.
Following early success at The 02, Immotion has agreed to extend
the offering to include five additional headsets, taking the total
number of headsets deployed to 17. The new addition will feature a
five-person car racing set-up where users will be able to compete
'head to head' in the award winning 'Project Cars 2' game. Users
will be able to choose from over 180 different cars, on 60
different tracks. This addition will see The O2 offering a
four-person Roller-Coaster VR experience, a four-person Underwater
Explorer range of experiences, the four-person 'free-roaming' 'Raw
Data' futuristic shooting experience, plus this latest addition, a
five-person car racing challenge.
The O2 is the world's most popular music and entertainment
venue, receiving over 9 million visitors a year.
Immotion has also agreed to extend its relationship with leading
Family Entertainment Centre operator, Austin's Park in Texas. The
22 acre family entertainment centre has agreed to trial Immotion's
four-person 'Raw Data' arena, along with its four-person Thrill
Coaster set-up. On the assumption of a successful trial the Company
will begin offering this solution to the wider family entertainment
centre market.
On 10 September 2019 the Company will launch its first bespoke
'Tower Coaster' VR experience at Blackpool Tower, the Merlin owned
Entertainment Centre. The new experience will feature a thrilling
roller coaster ride "falling" over 400 feet from above the
Blackpool skyline. This is the first in a range of tailored 'Tower
Coaster' city experiences which can be themed around any
cityscape.
In addition to Blackpool Tower, the Company has agreed further
installs into the Merlin estate. The first at Legoland Windsor,
this being a four person 'The Great Lego Race' VR experience, and
the second at London's largest aquarium, the 'London SeaLife
Aquarium' centre on the famous Southbank. This landmark site boasts
over 1m visitors per annum. This site will be installed in
September 2019 and will see the official launch of the Company's
latest 'Underwater Explorer' experience, 'Shark Dive' which gives
customers the opportunity to get up close and personal with Tiger
and Hammerhead Sharks in a highly immersive underwater
experience.
The Company will make a full update on trading and prospects
along with its interim results which are expected to be released on
25 September 2019.
Rod Findley, Immotion Group Commercial Director said: "Demand
for our entertainment and edutainment VR offerings continues to
gain momentum. Our unique partnership approach allows facilities to
make a pain free decision to enter the Immersive VR space."
Martin Higginson, Immotion Group CEO said: "Earlier this year we
took the bold decision to focus all our efforts on building our
partner base and scaling our unique Partnership model. Rod and his
team have done an amazing job adding more quality partners to our
fast-growing network. On the back of this success we have decided
to further scale his Partnership Team and we look forward to
reporting more partnership successes in the coming weeks."
Enquiries:
For further information please visit www.immotion.co.uk, or
contact:
Immotion Group Martin Higginson Tel: +44 (0) 161
235 8505
WH Ireland Limited Adrian Hadden Tel + 44 (0) 207
(Nomad and Joint Jessica Cave 220 1666
Broker)
Shard Capital Partners Damon Heath Tel: +44 (0) 20 7186
LLP Erik Woolgar 9900
(Joint Broker)
Alvarium Capital Alex Davies Tel: +44 (0) 207
Partners 195 1433
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END
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September 10, 2019 02:02 ET (06:02 GMT)
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