ImagineAR (OTCQB: IPNFF) Signs MOU with Global Digital Publishing Company to Purchase Volume of Three-year Platform SDK Licenses
ImagineAR (CSE: IP, OTCQB: IPNFF) announced a non-binding Memorandum of Understanding with a global digital publishing company for the purchase of 10 to 25 three-year SDK mobile app licenses. Expected revenue from this deal ranges between $200,000 CDN and $414,000 CDN annually for three years. This agreement builds on a successful partnership in 2022, enabling the client to deliver immersive holograms in mobile applications. ImagineAR's AR platform allows various businesses to create interactive campaigns with no programming experience.
- Executed a non-binding MOU for 10 to 25 three-year SDK mobile app licenses.
- Expected revenue generation of between $200,000 CDN and $414,000 CDN annually for three years.
- None.
VANCOUVER, BC and ERIE, Pa., March 1, 2023 /PRNewswire/ - ImagineAR (CSE: IP) (OTCQB: IPNFF), a mobile Augmented Reality Company that enables sports teams, brands, and businesses to create their own dynamic mobile phone AR campaigns, announces it executed a non-binding Memorandum of Understanding with a global digital publishing company to purchase a minimum of 10 and a maximum of 25 three-year SDK mobile app licenses in 2023 for top global icons in sport, music, entertainment and gaming. Once the formal contract is signed, the SDK licenses are expected to generate revenue in the range between
"After successfully partnering with this global client company in 2022, we have enhanced our partnership by executing an MOU for them to purchase a volume of three-year SDK licenses for delivering immersive holograms in mobile apps," said Alen Paul Silverrstieen, CEO and President of Imagine AR.
ImagineAR Inc. (CSE: IP) (OTC: IPNFF) is an augmented reality (AR) platform that enables sports teams and businesses of any size to create and implement dynamic mobile 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 point their mobile devices 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.
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Alen Paul Silverrstieen
President & CEO
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SOURCE ImagineAR Inc.
FAQ
What is the significance of ImagineAR's partnership as announced on March 1, 2023?
What revenue is ImagineAR expected to generate from the new MOU?
What does the SDK mobile app license entail for ImagineAR's business?
How does ImagineAR's platform work?
