ImagineAR Provides Shareholders With Corporate Update
Imagine AR Inc. (CSE: IP, OTCQB: IPNFF) announced significant updates in a press release dated May 10, 2021. The company proudly reported the publication of its seventh US patent, which relates to augmented reality content delivery. Several client partnerships have advanced, including initiatives with the Minnesota Blizzard and Arizona Rattlers, and AR training sessions with Shopper's Drug Mart. Additionally, the company raised over $1 million from warrant exercises and is developing multiple white-label apps. Imagine AR continues to engage with sports partners through the Hype Sports Global Accelerator Program.
- Seventh US patent published, enhancing AR content capabilities.
- Successful partnerships with teams in the Indoor Football League.
- Over $1 million raised through warrant exercises.
- Multiple white-label apps in development expected by Summer 2021.
- Participation in Hype Sports Global Accelerator Program with 18 teams.
- None.
VANCOUVER, BC, May 10, 2021 /PRNewswire/ - Imagine AR Inc. (CSE: IP) (OTCQB: IPNFF) ("ImagineAR" or "Company") an Augmented Reality Company that enables businesses, sports teams and organizations to create instant AR mobile phone campaigns without a technical background, is pleased to provide a corporate update to investors.
Seventh Company Patent Officially Published
The ImagineAR 7th US patent, 'Systems and Methods for Creating and Delivering Augmented Reality Content', US Patent No. 10,997,761 was officially published on May 4, 2021. This patent relates to systems and methods to create portable AR content to be downloaded, rendered, and displayed on a display device in real-time.
Client Updates
SlapItOnAR has launched AR promotional Initiatives with two teams in the Indoor Football League: Minnesota Blizzard and the Arizona Rattlers.
Shopper's Drug Mart, in partnership with HumanContact Inc., is delivering another interactive and immersive AR training session with their custom white-label mobile app this month.
Valencia CF, Real Sociedad, Club Atletico Mineiro, Liquid Avatar are expected to be live this month with the newest release of the ImagineAR SDK integrated into their mobile apps.
White-Label mobile apps for World Tens Rugby, Global Sports Initiatives, Automotive Industries Publication, Black Voice Foundation, and HumanConnect are in development and expected to be released by Summer 2021.
The Company is continuing with the Hype Sports Global Accelerator Program where it was selected by 18 various sports teams, leagues, and broadcasters including Vegas Knights, Sinclair Broadcasting, Rogers Communications, Philadelphia Phillies, FC Koln and others. Company representatives have already met directly with all 18 Hype Sports Partners in the last few weeks to discuss potential proof of concepts, licensing agreements, and technology capabilities.
Warrant Proceeds
Total of 4,336,238 warrants exercised for gross proceeds of
ImagineAR New Logo Trademarks
The Company engaged Greenberg Traurig, LLP to trademark the new company logo and marks globally.
This News Release is available on the company's CEO Verified Discusion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.
About ImagineAR
Imagine AR Inc. (CSE: IP) (OTC: IPNFF) has developed ImagineAR.com; an "AR-as-a-Service" platform for desktops 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 using ImagineAR. Customers simply point their mobile device at logos, signs, buildings, products, landmarks and more to instantly engage with 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 ImagineAR mobile app is available in the IOS and Android mobile app stores. The platform is available as a native mode SDK.
All trademarks of the property of respective owners.
ON BEHALF OF THE BOARD
Alen Paul Silverrstieen
President & CEO
(818) 850-2490
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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 Imagine AR's seventh patent published on May 4, 2021?
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