ImagineAR's FameDays Secures $10 Million Contract to Develop 25,000 Sq. Ft. Immersive Entertainment Center at a Niagara Falls Hotel in Canada
ImagineAR (IPNFF) announced a significant $10 million contract through its subsidiary FameDays to develop a 25,000-square-foot immersive experience center in Niagara Falls, Ontario. The agreement, signed with Ontario real estate developer J Grewal on February 21, 2025, includes immersive attractions, AR racing, VR Gaming, and Mixed Reality features.
The developer paid a non-refundable deposit of $250,000 and signed a Master Services Agreement for ongoing support. Beyond the initial contract, ImagineAR will receive annual fees and monthly royalties based on gross sales once the center opens. Located in a region attracting over 13 million visitors annually, this marks ImagineAR's first implementation of their AR-AI business model aimed at driving scalable, recurring revenue.
Grewal has expressed interest in opening two additional locations, with discussions underway for a second, larger center in Ontario. This partnership aligns with market projections showing immersive tech growth from $183.96 billion in 2024 to $1.7 trillion by 2032.
ImagineAR (IPNFF) ha annunciato un contratto significativo del valore di 10 milioni di dollari attraverso la sua filiale FameDays per sviluppare un centro esperienziale immersivo di 25.000 piedi quadrati a Niagara Falls, Ontario. L'accordo, firmato con lo sviluppatore immobiliare dell'Ontario J Grewal il 21 febbraio 2025, include attrazioni immersive, corse in AR, giochi in VR e caratteristiche di realtà mista.
Lo sviluppatore ha versato un deposito non rimborsabile di 250.000 dollari e ha firmato un Master Services Agreement per supporto continuativo. Oltre al contratto iniziale, ImagineAR riceverà commissioni annuali e royalties mensili basate sulle vendite lorde una volta aperto il centro. Situato in una regione che attira oltre 13 milioni di visitatori all'anno, questo segna la prima implementazione del modello di business AR-AI di ImagineAR, mirato a generare entrate ricorrenti scalabili.
Grewal ha espresso interesse ad aprire due ulteriori sedi, con discussioni in corso per un secondo centro, più grande, in Ontario. Questa partnership si allinea con le proiezioni di mercato che mostrano una crescita della tecnologia immersiva da 183,96 miliardi di dollari nel 2024 a 1,7 trilioni di dollari entro il 2032.
ImagineAR (IPNFF) anunció un contrato significativo de 10 millones de dólares a través de su filial FameDays para desarrollar un centro de experiencia inmersiva de 25,000 pies cuadrados en Niagara Falls, Ontario. El acuerdo, firmado con el desarrollador inmobiliario de Ontario J Grewal el 21 de febrero de 2025, incluye atracciones inmersivas, carreras en AR, juegos en VR y características de realidad mixta.
El desarrollador pagó un depósito no reembolsable de 250,000 dólares y firmó un Master Services Agreement para soporte continuo. Más allá del contrato inicial, ImagineAR recibirá tarifas anuales y regalías mensuales basadas en las ventas brutas una vez que el centro abra. Ubicado en una región que atrae a más de 13 millones de visitantes anualmente, esto marca la primera implementación del modelo de negocio AR-AI de ImagineAR, destinado a impulsar ingresos recurrentes escalables.
Grewal ha expresado interés en abrir dos ubicaciones adicionales, con discusiones en curso para un segundo centro más grande en Ontario. Esta asociación se alinea con las proyecciones del mercado que muestran un crecimiento de la tecnología inmersiva de 183.96 mil millones de dólares en 2024 a 1.7 billones de dólares para 2032.
ImagineAR (IPNFF)는 자회사 FameDays를 통해 온타리오주 나이아가라 폭포에 25,000평방피트 규모의 몰입형 체험 센터를 개발하기 위한 1천만 달러 규모의 계약을 발표했습니다. 이 계약은 2025년 2월 21일 온타리오 부동산 개발업체 J Grewal과 체결되었으며, 몰입형 어트랙션, AR 레이싱, VR 게임 및 혼합 현실 기능을 포함합니다.
개발자는 25만 달러의 환불 불가 보증금을 지불하고 지속적인 지원을 위한 마스터 서비스 계약을 체결했습니다. 초기 계약 외에도 ImagineAR은 센터가 개장한 후 총 매출에 따라 연간 수수료와 월별 로열티를 받을 것입니다. 연간 1,300만 명 이상의 방문객을 끌어들이는 지역에 위치한 이 센터는 ImagineAR의 AR-AI 비즈니스 모델을 처음으로 구현한 것으로, 확장 가능한 반복 수익을 창출하는 것을 목표로 하고 있습니다.
Grewal는 온타리오에 두 개의 추가 위치를 열고자 하는 관심을 표명했으며, 두 번째로 더 큰 센터에 대한 논의가 진행 중입니다. 이 파트너십은 2024년 1,839억 6천만 달러에서 2032년까지 1조 7천억 달러로 성장할 것으로 예상되는 시장 전망과 일치합니다.
ImagineAR (IPNFF) a annoncé un contrat significatif de 10 millions de dollars par l'intermédiaire de sa filiale FameDays pour développer un centre d'expérience immersive de 25 000 pieds carrés à Niagara Falls, Ontario. L'accord, signé avec le promoteur immobilier ontarien J Grewal le 21 février 2025, comprend des attractions immersives, des courses en AR, des jeux en VR et des fonctionnalités de réalité mixte.
Le développeur a versé un acompte non remboursable de 250 000 dollars et a signé un Master Services Agreement pour un soutien continu. Au-delà du contrat initial, ImagineAR recevra des frais annuels et des redevances mensuelles basées sur le chiffre d'affaires brut une fois le centre ouvert. Situé dans une région attirant plus de 13 millions de visiteurs par an, cela marque la première mise en œuvre du modèle commercial AR-AI d'ImagineAR, visant à générer des revenus récurrents évolutifs.
Grewal a exprimé son intérêt pour l'ouverture de deux autres emplacements, avec des discussions en cours pour un deuxième centre plus grand en Ontario. Ce partenariat s'aligne avec les prévisions du marché montrant une croissance de la technologie immersive de 183,96 milliards de dollars en 2024 à 1,7 trillion de dollars d'ici 2032.
ImagineAR (IPNFF) gab einen bedeutenden Vertrag über 10 Millionen Dollar bekannt, der über seine Tochtergesellschaft FameDays zur Entwicklung eines 25.000 Quadratfuß großen immersiven Erlebniszentrums in Niagara Falls, Ontario, abgeschlossen wurde. Die Vereinbarung, die am 21. Februar 2025 mit dem Immobilienentwickler J Grewal unterzeichnet wurde, umfasst immersive Attraktionen, AR-Rennen, VR-Spiele und Mixed-Reality-Funktionen.
Der Entwickler zahlte eine nicht erstattungsfähige Anzahlung von 250.000 Dollar und unterzeichnete einen Master Services Agreement für fortlaufende Unterstützung. Über den ursprünglichen Vertrag hinaus wird ImagineAR jährliche Gebühren und monatliche Lizenzgebühren basierend auf dem Bruttoumsatz erhalten, sobald das Zentrum eröffnet. Das Zentrum befindet sich in einer Region, die jährlich über 13 Millionen Besucher anzieht, und dies markiert die erste Implementierung des AR-AI-Geschäftsmodells von ImagineAR, das darauf abzielt, skalierbare, wiederkehrende Einnahmen zu generieren.
Grewal hat Interesse bekundet, zwei weitere Standorte zu eröffnen, und es laufen Gespräche über ein zweites, größeres Zentrum in Ontario. Diese Partnerschaft stimmt mit den Marktprognosen überein, die ein Wachstum der immersiven Technologie von 183,96 Milliarden Dollar im Jahr 2024 auf 1,7 Billionen Dollar bis 2032 zeigen.
- Secured major $10M contract for immersive center development
- Received $250,000 non-refundable deposit
- Established recurring revenue stream through annual fees and monthly royalties
- Strategic location in high-traffic tourist area (13M annual visitors)
- Potential expansion with two additional locations under discussion
- None.
FameDays also signed a Master Services Agreement to provide ongoing on-site and software support and will be paid an annual fee and recurring monthly royalties once the center opens to the public
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2025) - ImagineAR (CSE: IP) (OTCQB: IPNFF) (FSE: GMS1) an Augmented Reality company that enables organizations, brands and businesses to create their own immersive experiences, announced today the execution of a Design and Project Installation Agreement by its wholly-owned subsidiary FameDays to develop a 25,000-square-foot immersive experience center in Niagara Falls, Ontario. The
Mr. J Grewal, an Ontario real estate developer and owner of the location for the Immersive Centre at Niagara Falls, paid a non-refundable deposit of
Strategic Location: Niagara Falls' Tourism Powerhouse
Niagara Falls attracts over 13 million visitors annually, making it one of North America's most iconic tourist destinations. The immersive center intends to capitalize on this foot traffic, positioning ImagineAR's technology at the intersection of entertainment, education, and next-gen tourism. The location ensures access to a global audience and enhancing visibility for both parties.
2025 Rollout
The Niagara Falls center is the first immersive AR /AI installations slated for 2025. The partnership serves as a blueprint for scaling ImagineAR's technology across high-traffic global destinations, from theme parks to cultural landmarks.
Mr. J Grewal added "An immersive center inside a hotel transforms the guest experience from a simple stay to a journey of discovery, blending technology, culture, and entertainment seamlessly. In Canada, where travelers seek both adventure and authenticity, this innovation allows hotels to offer curated, interactive experiences that not only enhances guest satisfaction but also drives longer stays and repeat visits, making it the future of hospitality. We have already expressed interest to open two more locations, and we are currently in discussions to open our 2nd immersive center in Ontario with much larger square footage."
Alen Paul Silverrstieen, CEO of ImagineAR, stated "This partnership is a transformative milestone. Niagara Falls' tourist base provides the ideal stage to showcase how AR/AI can redefine experiential entertainment. By signing a
Recent data predicts the immersive tech market will explode from
About ImagineAR
ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF) (FSE: GMS1) is an augmented reality (AR) platform, ImagineAR.com, that enables businesses of any size to create and implement their own AR immersive campaigns with no programming or technology experience. FameDays, wholly owned subsidiary, is a leading-edge developer of immersive entertainment centers, integrating AR/ AI and interactive technology to create fully immersive, high-impact experiences. The large-scale venues redefine storytelling by blending pre-rendered visuals, augmented reality overlays, and real-time interactivity, offering audiences a next-generation entertainment experience with limitless creative possibilities.
For more information or to explore working with ImagineAR or Famedays , please email info@imaginear.com, or visit www.imagineAR.com.
All trademarks of the property of respective owners.
ON BEHALF OF THE BOARD
Alen Paul Silverrstieen
President & CEO
(818) 850-2490
info@imaginear.com
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". 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. 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.
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