ImagineAR (OTCQB: IPNFF) Partners with SPORTFIVE Hungary kft to Deliver Premiere Interactive Mobile Augmented Reality Fan Experiences for Ferencvárosi Torna Club

Rhea-AI Summary

ImagineAR Inc. (CSE: IP, OTCQB: IPNFF) announced its selection by SPORTFIVE Hungary KFT within the Hype Sports Innovation GVA3 Program. This partnership aims to deliver immersive augmented reality (AR) experiences integrated into the Ferencvárosi Torna Club's official mobile app, targeting a debut in Spring 2023. The project's success could lead to a multi-year SDK license agreement. CEO Alen Paul Silverrstieen expressed optimism about expanding global partnerships through this innovative initiative.

Positive

• Selected by SPORTFIVE Hungary KFT to deliver AR experiences.
• Potential for a multi-year SDK license agreement following proof of concept.
• Strong partnership opportunities with top sports clubs.

Negative

• None.

ImagineAR was selected by SPORTFIVE Hungary KFT in the Hype Sports Innovation GVA3 Program.

VANCOUVER, BC and ERIE Pa., Feb. 13, 2023 /PRNewswire/ - Imagine AR Inc. (CSE: IP) (OTCQB: IPNFF) ("ImagineAR" or "Company"), an Augmented Reality Company that enables sports teams, businesses and enterprises to dynamically create their own AR mobile campaigns, is excited to be selected by SPORTFIVE Hungary kft to deliver immersive AR experiences fully integrated with the official team mobile app for Ferencvárosi Torna Club in Spring 2023.  This opportunity was spearheaded by Hype Sports Innovation in their current GVA3 program. Once the experiential proof of concept is successfully delivered, it is expected to lead to a multi-year SDK license agreement.

Alen Paul Silverrstieen, CEO of ImagineAR, states, "We have been part of the Hype Sports Innovation program since 2021 and greatly appreciate the opportunities to partner fan engagement mobile AR campaigns with top sports clubs around the world.  SPORTFIVE is a top-level sports marketing company in Hungary and will be our first integration of the ImagineAR SDK utilizing Flutter.  We hope this activation with the top soccer club in Hungary will grow our global partnership with SPORTFIVE and their existing clientele".

About Ferencvárosi Torna Club

Founded in 1899, the 33-time Hungarian national champion and 24-time Hungarian Cup winner Ferencvárosi Torna Club, in the autumn of 2022, after 47 years qualified again to be eligible to play in the international cups in the spring of 2023, after pulling off a huge feat to win their Europa League group, beating top sides such as Monaco, who finished third in the French league, Turkish champions Trabzonspor and former European Champion Clubs' Cup winners Crvena zvezda of Serbia. Since the European Football Association introduced group stages in its cup competitions, no Hungarian football team has been able to progress from this stage. 
The defending champions and Hungarian Cup winners, led by head coach Stanislav Cherchesov, leads the national championship with a confident lead and are preparing for the Europa League round of 16 on 9^th and 16^th of March, for which they will move to their temporary home at the Puskás Arena due to the high interest. According to the latest representative polls, 124-year-old Ferencváros is the most popular club in the country, with more than 2 million Hungarians cheering for its success. Last year, the football team of Ferencváros delighted an average of 12,000 Hungarian fans at home matches and 600,000 in front of their TV screens.

About ImagineAR

ImagineAR Inc. (CSE: IP) (OTC: IPNFF) is a self-publishing augmented reality (AR) platform that enables businesses of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds. Customers simply point their mobile device at logos, signs, buildings, (products, landmarks and more to instantly engage videos, information, advertisements, coupons,3D holograms and any interactive content all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The AR Enterprise platform supports both IOS and Android mobile devices and upcoming wearable technologies. The AR Platform is available as an SDK Plug-in for existing mobile apps. 
For more information or to explore working with ImagineAR, please email info@imaginear.com, or visit www.imagineAR.com.

2021 STA Category Award Winner for Fan Engagement.

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ON BEHALF OF THE BOARD
Alen Paul Silverrstieen
President & CEO
(818) 850-2490
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https://www.linkedin.com/company/imagination-park-technologies-inc

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Information and Statements 
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein may include, but is not limited to, information concerning the ability of the Company to generate revenues, roll out new programs and to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors. 
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. 
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.

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SOURCE ImagineAR Inc.

FAQ

What is the significance of ImagineAR's partnership with SPORTFIVE Hungary KFT?

ImagineAR's partnership with SPORTFIVE Hungary KFT enables the delivery of augmented reality experiences for the Ferencvárosi Torna Club, potentially leading to long-term agreements and enhanced fan engagement.

When will the AR experiences for Ferencvárosi Torna Club be launched?

The augmented reality experiences are expected to launch in Spring 2023.

What does the GVA3 Program involve?

The GVA3 Program is part of Hype Sports Innovation, aimed at fostering partnerships and innovation in sports fan engagement through technology.

What could the outcome be after the proof of concept for the AR experiences?

If the proof of concept is successful, it may lead to a multi-year SDK license agreement between ImagineAR and SPORTFIVE Hungary KFT.